E-farm Housing Co-operative has offered its members and the public an opportunity to hit two birds with one stone following the launch of a farming and real estate investment opportunity.
The venture sits on a five- acre piece of land in Kathima, Embu County. It will see investors purchase 50 by 100 plots, with an opportunity to invest in a bee-keeping project. The company will provide farm management and a ready market for honey.
Speaking during the launch, E-farm Housing Co-operative chairman, Wallace Mwaura, said the move is aimed at opening up investment opportunities through bee farming which already has a market and to ensure that plots bought for speculation are productive.
“Many buyers are buying land just for speculation and that is why we decided to incorporate agribusiness. Our aim is to enhance food production in the country and supplement their income,” he said.
The plots are selling at Sh250,000 but investors keen on bee-keeping have to top up, with a hive going for Sh8,500. After purchase, the company will be managing the hives, harvest and buy the honey.
“We have a limit of 350 hives for this project and we are advising people to buy at least 10 hives for them to enjoy the returns,” he said. A hive is estimated to produce eight to 20kg of honey and if well managed, one can harvest three times per year.
A kilo goes for Sh400, meaning that a farmer with 10 hives will be earning between Sh96,000 and Sh240,000 annually. “As long as you can afford to pay for not less than 10 hives, you will receive the same benefits as our members,” he added.