Eos Capital invests in Namibia poultry business
Kadila Poultry will construct a six-house broiler farm between Windhoek and Okahandja.
Eos Capital has partnered with Africa Venture Partner Projects (AVPP) and Oyeno Poultry Industries to invest in Kadila Poultry Farming through its Euphrates Agri Fund, the only private equity agriculture fund in Namibia. Kadila Poultry will construct a six-house broiler farm between Windhoek and Okahandja with the capacity to produce 400 tonnes of poultry meat per month.
Oyeno Poultry, a Namibian-owned SME and the main sponsor of this project, has been a key player in the poultry production sector since 2019.
Namibia currently imports between 2,000 to 2,500 tonnes of poultry per month. Kadila Poultry, with its expected production of 400 tonnes per month during phase one and the intention to double production in phase two, is a significant step towards reducing this reliance.
Anthony Shipoke, co-founder of AVPP commented, “The Kadila project is a highly important project of national interest, as it is a sustainable way of bringing together different role players to ensure self-sustainable protein production, as Namibia consumes more kg poultry per capita than any other land protein source.”
Eos Capital’s senior associate and transaction lead, Etuna Hango added, “Reducing the country’s reliance on food imports is integral to Namibia’s well-being. As custodians of local retirement savings, we, as Eos Capital, have a responsibility to allocate capital to assets that contribute to the nation’s welfare. We are proud to play a role in steering Namibia towards self-sustainability. This investment in the agriculture sector is one of many steps we will be making to ensure a resilient and self-sufficient future for our nation.”
Paulo Shipoke, Oyeno Poultry founder stated: “Agriculture remains the heartbeat of the Namibia economy and is the largest creator of employment opportunities for its people, through sustainable operation practices and continued growth, the industry will remain in a position to foster economic development and growth for the people of The Republic of Namibia.”
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