Firm bags Sh1.2 billion funding for macadamia production

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Macadamia nuts on sale. FILE PHOTO | JOSEPH KANYI | NMG

Pamoja, a Switzerland-based agricultural farm, which runs a macadamia processing plant in Kenya and farms in Tanzania, has raised $8.5 million (Sh1.2 billion) in funding to boost the production of the nut.

The company, which focuses on the high-end market of macadamia, has received investment from French asset management company Mirova, a subsidiary of Natixis Investment Managers.

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