According to filings with the U.S. Securities and Exchange Commission, Tomato Jos is raising up to $13,076,994.00 in new funding. Sources indicate that as part of senior management President, Mira Mehta played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Tomato Jos
Tomato Jos is an African agricultural production company that believes in the power of farming and processing local food products for local consumption. The idea to process tomatoes into tomato paste first came to  Mira Mehta when she encountered her first tomato market glut in Northern Nigeria. Nigerian farmers produced about 65% of the tomatoes grown in West Africa, but paradoxically was also the largest importer of tomato paste in the world. Tomato Jos took advantage of this opportunity by solving a vital problem. Why import all that tomato paste when Nigeria has surplus amounts of tomatoes? We have produced 7 billion tomatoes, with yield 7x above national yield average. Today, we have begun processing tomato paste at our $5 million plant in Kaduna State and with our farm in Kangimi, in Igabi Local Government Area, Tomato Jos has already impacted on its community, creating jobs and empowering its outgrowers with modern farming techniques and a route to market. Tomato Jos has 50 full-time employees, 20 additional local security staff members patrolling the fields and 350 partner farmers who receive support and education to increase their crop yields for supply to the company.

To learn more about Tomato Jos, visit http://www.tomatojos.net/

Contact:
Mira Mehta, President
617-676-5998
https://www.linkedin.com/in/miramehta/

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.