The joint venture, which has successfully operated since Oct. 1, 2011, imports and exports maize and wheat in the region. The additional investment by Bunge reflects the company’s commitment to expand in Africa.
The African structures of Senwes include Senwes Malawi, Senwes Zambia, Senwes Mozambique and Senwes Kenya, and will include Senwes Zimbabwe in the near future. All these entities are specialized in grain trading and storage and are part of Senwes’ strategy in Southern African Development Community (SADC) to create an integrated grain marketing and trading house.
The joint venture intends to further extend its actions in the remaining countries of the SADC. In addition, this development will consolidate the work which has been initiated and accomplished by Senwes to ensure food security in SADC.