Some168 more farmers set to become millionaires, thanks to a lucrative greenhouse venture

In Agribusiness, Inspiration

Some 168 farmers in Kajiado County are calmly waiting to become multi-millionaires in just less than five years after their first greenhouse harvest rakes them at least Sh250, 000 each.

Land management company Diamond Properties Merchants has just paid the combined Sh42 million earned from the greenhouses’ produce in the last six months to be distributed among the 168 investors.

READ: Ndia farmers earn Sh5m from Mwihoko water project

One season earnings

Diamond Properties Marketing Director Edwin Khiranga said the earnings are for one season, with an eighth-acre plot raking in Sh250, 000 per crop season. With two planting seasons in a year, a single plot earns Sh500, 000.

Valuable exports

Khiranga said produce from the greenhouses – mainly cucumber, capsicum and tomatoes – is exported to Juba, Khartoum, South Africa and Botswana.

He said agribusiness is a viable business that could accelerate economic growth and counter food shortage in Kenya.

“Greenhouses are on throughout the year and therefore they are not affected by weather patterns,” he said. “For stable food supply and food prices we need to invest more in agribusiness.”

READ: Mango wine to boost revenue for farmers

Members Sacco

He said Diamond Properties had launched the Faidika Premium Sacco, which will help in financing members to acquire plots, in partnership with Magnum Credit. The land management firm sells an eighth-acre plot for Sh500, 000 and charges Sh320, 000 for the greenhouse and its management.

Diamond Properties, which owns nearly 500 acres of land in Isinya, develops and manages greenhouses. It is now running and managing more than 2,000 greenhouses under its phase 1 & 2 projects.

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