AvoVeg health's Ksh.2.6B investment to transform Kenya's agriculture

Based in Nairobi, AvoVeg Health specializes in processing and exporting fresh avocados and various vegetables to the European market

The company's commitment to value addition and advanced agricultural practices is poised to deliver unprecedented benefits to Kenyan farmers and the national economy.

Mr. Loyd has expressed deep admiration for President William Ruto, crediting him with a CEO-like vision for Kenya's development. "I want to salute our President William Ruto for being the first President that we have had that thinks like a CEO. We march on together to change Kenya onto greater heights," he stated.

This shared vision for a prosperous Kenya is the driving force behind AvoVeg Health’s ambitious plans.

During the recent US Trade and Investment initiative, Prosper Africa, facilitated by President Dr. William Ruto and US Ambassador to Kenya Meg Whitman, Mr. Loyd highlighted the vast opportunities for trade and investment between the two nations, particularly in horticulture, agro-processing, value addition, and food security.

With over 1 billion shillings already invested in Kenya’s agricultural sector, AvoVeg Health is embarking on a new venture to significantly enhance the avocado industry .

The company plans to introduce state-of-the-art machinery for processing and packaging avocados, addressing the critical issue of post-harvest wastage and benefiting thousands of farmers nationwide.

“Our new value-add venture will solve the huge challenge our farmers face due to wastage issues, benefiting thousands of farmers across our nation,” explained Mr. Loyd.

AvoVeg Health is set to invest an initial $20 million in this value-add project by the third quarter of 2024.

"Why Kenya? My President, Honorable Ruto, has joined me as a CEO in thinking like a CEO," emphasized Mr. Loyd, aligning with President Ruto's strategic vision for economic growth and innovation.

Mr. Loyd’s entrepreneurial experience spans over three decades across various sectors, including minerals in the Democratic Republic of Congo, real estate in Rwanda, and agriculture in Kenya.