AgDevCo provides mezzanine finance of US$3-million to Uzima Chicken (Rwanda)

AgDevCo has provided mezzanine finance of US$3-million to Uzima Chicken, a poultry company that operates in Rwanda. Uzima Chicken is investing in a new high-quality hatchery facility in the Bugesera District (Rwanda) in order to expand its production capacity of 8 to 10 million birds a year. The expansion is imperative for the company to achieve the economies of scale required to operate profitably in the low margin poultry sector. AgDevCo has been an active investor in Rwanda where it also invested US$450,000 in Kigali Farms (a button mushroom production facility) and US$3-million in Minimex (a commercial maize mill).

AgDevCo is an impact investor specializing in agribusiness investments in Sub-Sahara Africa. AgDevCo’s portfolio consists of over 50 investments in production, processing and distribution. AgDevCo is headquartered in London with representative offices in Zambia, Malawi, Tanzania, Uganda, Rwanda, Ghana and Sierra Leone. Across Sub-Sahara Africa, AgDevCo has invested over $170-million linking over 480,000 smallholder farmers to profitable markets and creating over 11,000 jobs.

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