African Agriculture Reports Expanded Activities Expects to Significantly Increase Production in 2024
Alan Kessler, Chairman and CEO of African Agriculture, commented, “We intend to accelerate our operational activities following our recent merger and listing on Nasdaq, resulting in African Agriculture becoming the first pure-play African agricultural company listed in the U.S.
- Alan Kessler, Chairman and CEO of African Agriculture, commented, “We intend to accelerate our operational activities following our recent merger and listing on Nasdaq, resulting in African Agriculture becoming the first pure-play African agricultural company listed in the U.S.
- Previously, we began alfalfa production on approximately 300 hectares out of a total of 25,000 hectares of dedicated farmland we secured in Senegal.
- We recently placed orders for additional seeds and crop irrigation equipment, which we believe will allow us to expand land utilization by more than three-fold to approximately 1,000 hectares and significantly enhance production in 2024.
- Looking ahead, our strategy not only involves increasing alfalfa production on our 25,000 hectares of fertile farmland, but also broadening our product offering and expanding our geographic footprint.