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Hungarian businessmen and officials
Hungarian businessmen and officials

Four Hungarian companies in Ghana to invest in the local industry

Four Hungarian companies in Ghana have partnered to invest in the local industries.

Apart from imports and exports, the companies also seek to invest into other sectors of the economy to facilitate Ghana’s economic growth.

The companies are AlphaVet Ltd., Bábolna Tetra Ltd, Kőröstej Ltd., and Capriovus Ltd.

The move, which is under the auspices of the Hungarian Ambassador to Ghana, Tamás Endre Fehér through the Embassy of Hungary will have series of engagement with the local industries.

At a business forum held in Accra on Wednesday, November 22, at the Embassy, representatives of the four companies did a presentation, highlighting all basic information including operations, their partners, potential partners, targets amongst others to stakeholders and possible business partners.

Speaking with the media at the event, the Chief Executive Officer of the Ghanaian-Hungarian Business Council, Ms Mona S. Annewetey said the companies so far have visited some local companies and institutions including the veterinary services department as well as Agrofood to assess how the Hungarian companies can establish business relationships with them.

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“The whole essence is to find partners in Ghana not just for imports and exports but also investments in future because almost all these countries are into manufacturing and production within the agribusiness and so the focus is to bridge that gap between Hungary and Ghana and also to facilitate economic growth,” she said.

The Export Director of the Export Division at AlphaVet, Dr Márton Hercsel said the company’s expectation is to extend its services to the whole of West Africa.

“Our expectation from this project is to extend our operations into West Africa, we of course know that this is an expanding market and a growing market, and we acknowledge that and, in the future, we would like to find good partners for our plant fertilizer portfolio, for our feeder portfolio and finally our pharmaceuticals,” he said.

He said he has already met many prominent export oriented local organisations how his company can be of help in the Agricultural and Mining sector.

For his part, the General Manager for Korostej, Béla Nagy also said,” We are here to boom trade between two countries, we are searching for a partner here for distribution and we are hoping to find many sources of supply as well. We produce cheese, we use a lot of raw materials, packaging materials so we are open for both ways of cooperation with local companies.”

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