About Aspuna group
Aspuna Group: Co-Creating a Thriving Sustainable Agriculture Sector Across Sub-Saharan Africa
Aspuna Group is the world's first social impact asset manager that is dedicated to co-creating a thriving sustainable agriculture sector across Sub-Saharan Africa. The company invests in building processing capacity within rural communities and implements innovative agricultural systems that positively impact profit, people, and the planet. Aspuna Group is making trading fair by empowering local farmers and creating sustainable supply chains.
The company was founded in 2013 by CEO Dr. Lakshmi Moore, who has over 20 years of experience in international development and finance. She saw an opportunity to create a business model that would not only generate financial returns but also have a positive social and environmental impact.
Aspuna Group's mission is to transform the agriculture sector in Sub-Saharan Africa by creating sustainable value chains that benefit all stakeholders involved. The company believes that investing in rural communities can lead to economic growth, poverty reduction, and environmental sustainability.
One of Aspuna Group's core strategies is to build processing capacity within rural communities. This involves setting up small-scale processing facilities for crops such as cassava, maize, rice, and soybeans. By doing so, Aspuna Group creates jobs for local people while also adding value to their crops.
Another key strategy of Aspuna Group is implementing innovative agricultural systems such as conservation farming techniques or agroforestry practices. These methods help farmers increase their yields while also improving soil health and reducing greenhouse gas emissions.
Aspuna Group operates across several countries in Sub-Saharan Africa including Ghana, Nigeria, Sierra Leone, Uganda, Zambia among others where it has established partnerships with local farmers' cooperatives or other organizations working towards similar goals.
The company has already made significant progress towards achieving its mission since its inception seven years ago. For example:
- In Ghana: Aspuna built a cassava processing plant which now employs over 100 people and sources cassava from over 2,000 farmers. The company has also established a partnership with the Ghanaian government to promote the cultivation of soybeans.
- In Nigeria: Aspuna is working with local farmers' cooperatives to establish a rice processing plant that will create jobs for over 1,000 people and source rice from thousands of smallholder farmers.
- In Sierra Leone: Aspuna has set up a solar-powered drying facility for fruits such as mangoes and pineapples. This has helped reduce post-harvest losses while also increasing incomes for local farmers.
Aspuna Group's impact goes beyond just financial returns. The company is committed to creating positive social and environmental outcomes as well. For example:
- Job creation: Aspuna's investments in processing facilities have created hundreds of jobs in rural communities across Sub-Saharan Africa.
- Income generation: By adding value to crops, Aspuna helps increase incomes for smallholder farmers who would otherwise sell their produce at low prices.
- Environmental sustainability: Aspuna's innovative agricultural systems help reduce greenhouse gas emissions while also improving soil health.
In conclusion, Aspuna Group is an innovative social impact asset manager that is transforming the agriculture sector in Sub-Saharan Africa by co-creating sustainable value chains that benefit all stakeholders involved. The company's focus on building processing capacity within rural communities and implementing innovative agricultural systems has already yielded significant results in terms of job creation, income generation, and environmental sustainability. With its commitment to making trading fair, Aspuna Group is paving the way towards a more equitable global economy where everyone can thrive.