Forestry and Agricultural Investment Management (FAIM) will establish a state-of-the-art plant propagation nursery and tissue lab in Rwanda based on significant know-how in tissue culture and mass plant production techniques. There is considerable pent-up demand for more productive plants and seeds from government agencies, food processors and farmers; as a result, FAIM has a $5 million purchase order from one client and non-binding commitments of $80 million worth of additional orders over five years, initially including passion fruit, pyrethrum, and bamboo plants.
Rural poverty is a curse in many developing nations. It is a vicious cycle of low productivity, low skills, high un- and under-employment, resulting in a stagnant economy with low income and poor nutrition. One of the first issues to tackle – the first sector that China focused on in its remarkable cycle of growth over the last 30 years — is boosting agricultural productivity. There is an urgent need to introduce sustainable, local ag-based enterprises that will spur jobs, increase food production, create prosperity and educate the people in modern techniques of soil building and crop rotation without adversely affecting the natural environment.
FAIM will generate revenue and increase agricultural productivity in Rwanda by selling high quality, disease-free plants and seeds grown in our modern plant propagation nurseries, complete with tissue culture lab and advanced soil and water testing. The Company will provide starter plants for commerce, food production, reforestation and soil stabilization; its customers will be industries, local governments and farmers. FAIM’s expertise means our production capacity will be much higher than any other similar facility in Africa, leading to better pricing for customers and better margins for FAIM. FAIM will also supply growing information to the grower to insure excellent crop production and we will seek, where appropriate, to support micro financing for farmers with local development banks. We will also help link local farmers to processors, e.g., food or juice processing facilities.