Type of investment: Direct Investment Company
Purpose: CAPEX financing for local production
Financial close: January 2018
Tenor: 7 years
Type of Investment: Capital expenditure financing
S&E Category: B
In January 2018, AATIF concluded a USD 4m facility to enable Cooper K-Brands Ltd to finance a new processing plant for minerals and nutritional supplements used in the livestock sector, thereby increasing the company’s local value addition. Cooper K-Brands Ltd (“CKL”) is a family-run company set-up in 1906, which over several generations has become a leading animal health and agricultural inputs company in Eastern Africa. CKL remains one of the oldest standing local companies in Kenya’s well-established livestock sector providing critical inputs, know-how and R&D assistance to farmers.
Over the years the company has developed a unique distribution model working with 13 strategic business partners (regional distributors) and over 6,000 stockists through which it reaches thousands of smallholder farmers spread across Kenya. Through this distribution network CKL not only provides access to quality agricultural inputs, but further complements its products with a wide breadth of knowledge sharing at the farmer level. In the last season CKL reached over 45,000 farmers through its training activities.
AATIF partnered with the company to support the expansion of its operations which includes increasing its capacity for local processing and further growing its product diversification and outreach to local farmers. The first step in this journey was accomplished through AATIF’s financing of the new plant – a strategic plan targeted at reducing the percentage of imported products, increasing the company’s ability to develop products specific to its client base and generating local employment opportunities. This is only a first step in a long-term partnership, as AATIF seeks to continue working with CKL towards its goal of contributing to the transformation of the agricultural sector in East Africa by developing and delivering innovative and affordable animal health and crop protection products within easy reach of every famer in their markets accompanied by a wide variety of knowledge sharing and training activities.
MT per hour
The capacity at which the new CKL plant in Kenya can produce nutritional supplements for livestock.
Outreach to agricultural producers
Strategic business partners
CKL delivers its products to thousands of farmers daily through a network of 13 Strategic Business Partners (regional distributors) and over 6,000 stockists.
In the last season over 45,000 farmers were reached through training initiatives of CKL.
Number of employees
CKL has a total workforce of 167 employees, with 76% of them on permanent contracts. Additionally, the company employed 32 casuals for short assignments, offering 4 placements for technical vocational education training.
- Figures are based on latest available self-reported data by investees and data collected by AATIF’s collaboration partners
- Figures are subject to change as and when additional information becomes available
- Figures reported here are not replacing rapid appraisals / impact evaluations that are done in addition