Aspergillus flavus is the predominant species that produce aflatoxins in stored peanuts under favourable conditions. This study aimed to describe the growth and aflatoxin production by two A. flavus strains isolated from imported raw peanuts and to model the effects of temperature and a on their colony growth rate as a function of temperature and a in Peanut Meal Extract Agar (PMEA). A full factorial design with seven a levels (0.85-0.98 a) and five temperature levels (20-40 °C) was used to investigate the growth and aflatoxin production. Colony diameter was measured daily for 28 days while AFB and total aflatoxin were determined on day 3, 7, 14, and 21. The maximum colony growth rate, μ (mm/day) was estimated by using the primary model of Baranyi, and the μ was then fitted to the secondary model; second-order polynomial and linear Arrhenius-Davey to describe the colony growth rate as a function of temperature and a. The results indicated that both strains failed to grow at temperature of 20 °C with a <0.94 and a of 0.85 for all temperatures except 30 °C. The highest growth rate was observed at 30 °C, with 0.98 a for both strains. The analysis of variance showed a significant effect of strain, temperature, and a on the fungal growth and aflatoxin production (p < 0.05). Furthermore, both secondary models were in good agreement with the observed μ. However, the polynomial model was found to be a better predictor of the experimental data. A similar pattern was observed in aflatoxin production but in a narrower range of temperature (25-35 °C) and a (0.92-0.98 a). The highest production of aflatoxins was observed on day 21 at 30 °C with the a level of 0.98 for both strains. Overall, the current findings may help in improving the mycotoxin management and intervention strategies in peanuts, especially during storage.