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AgDevCo Announces USD 3.0m Follow-On Investment Into East Africa Poultry Company, Uzima Chicken Ltd.
LONDON, April 8, 2021 /PRNewswire/ AgDevCo is pleased to announce a USD 3.0 million follow-on mezzanine debt investment into Uzima Chicken Limited, a poultry company operating in Rwanda and Uganda.
AgDevCo s first investment in 2017 helped launch Uzima in Rwanda. From a brownfield site, the company has grown rapidly and now reaches customers in over 59,000 households. 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 smallholder farmers through a network of hundreds of small, independent distributors. Distributors rear the birds to six to eight weeks before selling them to smallholder farmers. The Uzima improved breeds are dual-purpose which make them ideal for rearing outdoors in backyard cond