Coconut Holdings Limited

Coconut Holdings Limited (CHL) was established in Kenya in 2015 to own and operate two existing coconut processing operations on the Kenyan coast: Kentaste Products Limited and Kwale Coconut Processors Limited. Coconut Holdings Limited sells Kentaste branded and packaged coconut milk, coconut cream, coconut oil, and desiccated coconut to the local retail market.

The project

Coconut Holdings received financial support of €329,540 from the AgriFI Kenya Challenge Fund in the first call for applications and has matched these funds with €354,740. This funding will help the company address sectoral challenges such as erratic and seasonal variations in pricing, reliance on traditional agronomic practices and dwindling coconut yields.

Within the project, Coconut Holdings will:

  • Register an additional 3000 farmers who will be trained in Good Agricultural Practices (GAP), personal finance management and climate smart approaches to farm management.
  • Provide farmers with high-yielding drought-resistant hybrid varieties.
  • Increase market access by strengthening sourcing infrastructure. To achieve this, six solar powered collection centres will be established and collection vehicles purchased by the company.
  • Acquisition of an automated coconut drying machine and new coconut water processing line as part of an effort to provide a consistent and reliable market for coconut growers and add value to their crops.
  • Recruit an additional 40 staff to work in the areas of coconut sourcing, farmer relationship, training and capacity building within the sector.
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IN BRIEF

Sector

Manufacturing (Coconut)

Target Smallholders

18000

Target Jobs

40 direct jobs, 2000 indirect jobs

Counties

Kwale and Kilifi