As part of its bid to transform agricultural and economic development on a global scale the, Johnvents Industries, said it has commenced its global commodities trading subsidiary in Dubai Multi Commodities Centre (DMCC) in Uganda.
It said the commencement of Uganda operation was a significant step of its mission to becoming a leading force in international agricultural trade.
Head of business at Johnvents Industries DMCC, Sanjay Purohit, who spoke in Akure, its expansion to Ugandan allowed the firm tapped into the country’s rich agricultural resources such as kidney beans, coffee, cotton, and other key cash crops.
Purohit explained that Johnvents Industries DMCC leveraged its strategic location and robust infrastructure to source and trade premium agricultural commodities across Africa, Asia, and Europe.
He said, “Our Ugandan launch represents a vital chapter in Johnvents Industries DMCC’s journey to becoming a global leader in sustainable and responsible commodity trading.
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“We are committed to working closely and fostering strong relationships with Ugandan farmers to ensure they receive fair compensation for their crops while expanding access to these essential commodities for international markets.
“Johnvents Industries DMCC’s Uganda operations will serve as a springboard for further expansion across Africa.
“We are also establishing presence in key markets, including Senegal, Tanzania, Togo and Burkina Faso, with a short-term vision encompassing India, Vietnam, China, and the rest of the world.”
Managing Director Johnvents Group, Mr. John Alamu, said the firm was dedicated to promoting sustainable farming practices throughout its supply chain.
“This ensures the long-term viability of agriculture within the communities we serve, fostering a future of shared prosperity.”