Agro Luswishi Zambia Limited

Company Description

The Industrial Development Corporation is in the process of developing an agricultural sector development strategy focused on the establishment of mega farms and agro processing capacity to ensure the generation of foreign exchange through exports and diversification of the economy. The intention of the IDC is to design a strategy that focuses on improving agro productivity, value addition, food security and market access to support sustained economic growth. The initial mega farms to be developed by IDC include, among others, Luombwa Agro Limited in the Nansanga Farm Block, Serenje District and Agro Luswishi Limited. Luombwa Agro Limited and Agro Luswishi Limited currently own 6,050-hectares and 7,872- hectares respectively. Both projects aim to develop, construct, and operationalize an integrated agricultural farming hub with an initial focus on maize production for the local and regional market.

Countries of Operation

Zambia

Ownership of Company

Local Company (100% Local)

Number of years since incorporated

Not indicated

Project Pitch

Luswishi Farm Project. The Agro Luswishi Zambia Limited has the aim of developing a commercial farm, small scale commercially orientated family farms, and regional centers giving advanced agricultural services. Despite this, the product will also provide a community settlement, a poultry unit, a logistics center and a training Centre which will support the farm's requirements. It is also envisioned that when completed, this project will produce 75,000 tons of fresh agricultural produce, 25 million eggs and 6,500 tons of livestock feed annually in additional to the 20 private Farms and 450 Family Farms which will produce 35,000 tons of diverse agricultural products. In turn, this project will create jobs, increased access to improved agricultural practices and inputs, access to agricultural markets, food security and local development. To achieve this, the project will be done in 3 phases with phase 1 and 2 costing approximately USD 50 million. Phase 3 will be financed through the recapitalization of earnings from phase 1 and 2. The total investment capital required for this project to operate under full capacity is USD 50 Million. A strategic equity partner(s) is required to contribute 50% of the operationalization cost and supply skilled labour and farming inputs. This Project is located within Mushingashi Ward in Lufwanyama District, Copperbelt Province.

Team

There is sufficient labour and a good number of skilled staffs.

Stage

Preliminary | Initial studies completed

Annual Revenue (in EUR)

Not indicated

Number of employees

Projected employees: 2,000

Total Project Cost (in USD)

USD 50,000,000

Financing needs (in USD)

USD 50,000,000

Type of financing needed

Not indicated

Planned allocation of fundraising capital

Greenfield (new activity for the company)