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AgDevCo Expands Agri-portfolio in East Africa, With Low-cost Grain Storage Solution for Smallholder Farmers

LONDON, May 22, 2020 /PRNewswire/ -- AgDevCo is pleased to announce a long-term debt investment into Pee Pee Tanzania Limited (PPTL), a regional leader in the production of grain storage bags. The company distributes its products to farmers across Eastern and Southern Africa, helping reduce post-harvest losses and improve food security. A A Founded in 1994 and based in Tanga, PPTL employs over 750 people, making it one of the largest employers in the area. AgDevCo's investment will allow the company to expand its manufacturing capacity, including setting up a new dedicated factory for the production of grain storage bags with the creation of 300 new jobs. The storage bags were developed by the Purdue University in the USA. They offer a simple and low-cost way of storing grain and seed without using chemicals to control insect pests.A They are durable and can be stored in family homes.
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