05/10/2016
BACKGROUND NOTE
Arctic Holdings Ltd, previously known as El Gibbor Investments Ltd, was founded by Mr. Elisha Edson and his wife Miriam on November 2011 and officially incorporated in Aug 2012 with the purpose of engaging in Agribusiness and Agro-forestry. The family owned company later decided to establish a sister company, Agora Wood Products Ltd, by inviting other shareholders, which was incorporated in December 2013.
Agora Wood Products Ltd was established in order to take over the Agro-forestry component from El Gibbor Investments and exploit the potential available in the sector. Thus, the company established a wood treatment plant located at Plot No. 2/A Njia Panda, Iringa, Tanzania with a goal to meet the overdue demand of quality wood products (timber, utility poles, and furniture) in the East African region. The plant, with a capacity to treat an average of 360 utility poles per day, is one among many projects Agora Wood Products Ltd is looking forward to operate. The company vision is to be the ultimate provider of quality wood products in Tanzania at affordable price.
On the other hand, together with other shareholders, El Gibbor Investments Ltd established SKiP Agro Ltd in July 2015 to take over the agribusiness component for the purposes of maximizing the opportunities available in the sector. SKiP Agro Ltd has already acquired and surveyed more than 500acres of land at Magunga village in Iringa which will be put into Soybean production this 2016/17 farming season. SKiP Agro Ltd’s mission is to set a platform for people with passion for agriculture to realize their dreams and provide solution on capital, market, and price challenges facing individual and small scale farmers in Africa. The company wants to focus and be a leader on commercial farming and processing of high-yield crops such as soybean and sunflower in order to make sense of agribusiness particularly to the elite group. The company business model provides opportunities for shareholders to be both its owners and customers.
After establishing the two sister companies, El Gibbor Investments Ltd changed its name to Arctic Holdings Ltd in Aug 2015 and its scope of operation to major on property acquisition, development and management as well as investment/business set-up, development and management. From our experience, we have come to realize that setting up, developing and managing a successful business/project is a major challenge many people face and fail to overcome even when they have all the money required. Thus, our business model is to be part of the business/project (by holding some stake in it) and take care of it until it grows to the extent of being able to stand on its own. That is why we say, you don’t need to worry on your own, “Let’s Work It Out Together”.
Currently, Arctic Holdings Ltd holds stocks and manages Agora Wood Products Ltd, SKiP Agro Ltd; it also owns and manages over 1000 acres of private investments in the forestry sector particularly tree plantations
Visit us at www.arctichld.com for more information
Arctic Holdings (AH) Limited is a private company headquartered in Iringa Municipality, Iringa, Tanzania. It is a refined version of, the then called, El Gibbor Investments (EGI) Limited. AH comes after more than 3 years of learning and doing which EGI went through since its inception. The experienc...
