twitter RSS Feed linkedin acp contact

AgDevCo invests US$3mn into Uzima Chicken Ltd

AgDevCo has announced US$3mn follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda

afAgDevCo announces US$3mn follow-on mezzanine debt investment into Uzima Chicken Ltd. (Image source: Adobe stock)

AgDevCo's first investment in 2017 helped launch Uzima in Rwanda. This investment provides Uzima with further capital to expand its production capacity, vertically integrate into poultry feed and widen its already significant impact reach across the Great Lakes region.

Uzima provides day-old chicks to small-holder farmers through a network of hundreds of small, independent distributors. Distributors rear the birds to six to eight weeks before selling them to small-holder farmers. The Uzima improved breeds are dual-purpose which make them ideal for rearing outdoors in backyard conditions, for both eggs and meat.

AgDevCo has also supported Uzima with technical assistance, including by recruiting and training a network of veterinary staff.

David Ellis, co-founder of Uzima Chicken, said, “AgDevCo backed us before our first chick was hatched in Rwanda. Now four years and some five million birds later we are pleased to be deepening our relationship with AgDevCo to drive further expansion.”

Chris Isaac, chief investment officer at AgDevCo, said, “we’re delighted with Uzima's progress so far. The company is delivering higher incomes and better nutrition to tens of thousands of low-income households and doing so profitably. As a long-term partner, we look forward to helping drive further growth and impact in the region.”


LATEST NEWS IN Poultry

BRAC Liberia continues to support poultry farmers

BRAC Liberia continues to support poultr…

The country director of BRAC Liberia, Rosy Choudhury, revealed that the organisation had been providing continued support to more than 200 poultry farmers through initiatives aimed at improving the livelihood...

Stopping the spread: Biosecurity measures to tackle Avian Influenza

Stopping the spread: Biosecurity measure…

The deadly bird flu, Avian Influenza has wrecked havoc in poultry farms across the world. Botswana is one of the many countries that have been majorly affected by the outbreak

Nigeria leads egg production and stands second in chicken production in Africa

Nigeria leads egg production and stands …

During a two-day training and empowerment of select poultry farmers, Permanent Secretary, Federal Ministry of Agriculture and Rural Development, Earnest Umakhihe announced that Nigeria had continued to lead egg production...

Global poultry feed antioxidants market to record CAGR of almost 10% from 2022-2029 forecasts

Global poultry feed antioxidants market …

Analysis performed by Data Bridge Market Research suggests that during the forecast period of 2022-2029, the poultry feed antioxidants market is likely to project a compound annual growth rate (CAGR)...

Why the African poultry industry needs to go digital

Why the African poultry industry needs t…

African farmers are now being urged to go digital to help tackle several poultry-related challenges that are keeping the industry from performing to its full potential

"Software is not a big monster" - Innova

"Software is not a big monster…

Entrepreneurs in emerging markets who start processing poultry at capacities from 500 to 4,000 bph should not be afraid of including software in their plant design, says Innova

Prev Next

OTHER RELATED ARTICLES - Poultry

South Africa lifts ban on import of US poultry

South Africa lifts ban on import of US p…

South Africa has signed a trade protocol with the US to allow the import of US poultry meat and day-old chicks

Poultry sector in Nigeria, Ethiopia and Ghana set to accelerate

Poultry sector in Nigeria, Ethiopia and …

Poultry sector is accelerating development in Nigeria, Ethiopia and Ghana, contributing significantly to the GDP growth in the countries, said the poultry industry leaders

Nigerian government to re-launch Avutu poultry firm

Nigerian government to re-launch Avutu p…

Imo State government in Nigeria is seeking to re-launch the Avutu modern poultry farm situated in Obowo, local government area of Imo State

Farmer Automatic presents new pullet rearing system at EuroTier

Farmer Automatic presents new pullet rea…

German manufacturer of economic poultry housing systems, Farmer Automatic, unveiled its intelligent housing systems to visitors at the EuroTier 2012 trade show in Hanover

Brazil meat imports undercut Uganda poultry revenue

Brazil meat imports undercut Uganda poul…

The Ugandan poultry industry is facing huge losses due to the import of cheap meat from Brazil

Synergistically improving energy efficiency in poultry production

Synergistically improving energy efficie…

The rise of antimicrobial resistance, together with increasing global pressure to reduce or remove antibiotics from the food chain, is driving fundamental change within the animal production industry

DuPont’s new phytase holds a great deal of promise

DuPont’s new phytase holds a great deal …

DuPont Nutrition & Biosciences has developed Axtra® PHY GOLD to provide phosphate supplementation in animal feeds, resulting in improved performance and providing a better environmental footprint

Roslin: Poultry study points to genes linked to food bug

Roslin: Poultry study points to genes li…

Research from the Roslin Institute has identified genes in chickens that could offer resistance to harmful bacteria commonly found in poultry and could inform ways to limit the risk of...

Turkish Cooperation and Coordination Agency builds modern poultry farm in Somalia

Turkish Cooperation and Coordination Age…

The Turkish Cooperation and Coordination Agency (TİKA) has built a modern poultry farm in Mogadishu, the capital of Somalia, to provide food and employment opportunities and to create new sectors...

South Africa trade alliance demands removal of taxes on chicken

South Africa trade alliance demands remo…

The South African Informal Traders Alliance (SAITA) has asked the government to do away with tariff taxes and VAT on chicken products

Zimbabwe's poultry farmers use maggots as feed

Zimbabwe's poultry farmers use maggots a…

Zimbabwean poultry farmers use maggots to feed their stock as the country is hit with its worst drought in 25 years

Evonik concentrates MetAMINO production at its three hubs

Evonik concentrates MetAMINO production …

In order to maximise economies of scale and utilise robust processes, Evonik will cluster its MetAMINO (DL-methionine) production at three regional hubs (Americas, Europe, and Asia)

Prev Next