Mununshi Fruit Company Limited

Company Description

Mununshi Fruit Company Limited is a 313-ha fruit plantation which was incorporated in 2019. It is located in Mwense, Luapula Province and currently produces bananas with future expansion to include the production of other commercially viable fruits, for supply into the local and regional markets.

Countries of Operation

Zambia

Ownership of Company

Local Company (100% Local)

Number of years since incorporated

Not indicated

Project Pitch

Banana Production. The Mununshi Fruit Company Limited has the objective of increasing production capacity of the fruit industry in the country. Thus, reducing the banana deficit on both domestic and regional markets. The project sits on approximately 313 hectares of land and current production of bananas is on a 30 hectare land with further 100 hectares already cleared for expansion and 50 Ha marked and pitted awaiting planting of banana suckers. The market is available with a domestic deficit of about 15,000MT. It is also envisioned that the project will take advantage of both the domestic and regional markets to start processing the bananas. Additionally, future expansion will also include the production of other commercially viable fruits such as Avocados and Mangos for supply into the local and regional markets. The total estimated cost needed for the project is USD 9 million. Hence, a strategic equity partner(s) is required to finance the purchase of banana suckers as well as the associated storage and handling costs. This project is allocated in Mwense District, Luapula Province.

Team

The project has qualified employees and there is need to have other staffs.

Stage

Preliminary | Initial studies completed

Annual Revenue (in EUR)

Not indicated

Number of employees

Projected employees: 146

Total Project Cost (in USD)

USD 9,000,000

Financing needs (in USD)

USD 9,000,000

Type of financing needed

Not indicated

Planned allocation of fundraising capital

Greenfield (new activity for the company)