Stewards Globe Ltd - T/A Afriseed

Company Description

Stewards Globe Limited (Afriseed) is a Zambia-based, growth-stage seed company empowering smallholder farmers with climate-resilient, high-yield seeds. Founded in 2007 and operating since 2011, Afriseed works with over 2,000 out-growers, serves 150,000 farmers, employs 120 staff, and integrates R&D, production, training, and distribution for scalable, impact-driven agricultural solutions.

Team

Stewards Globe Limited is led by Ms. Stephanie Angomwile, Chief Executive Officer, bringing over 27 years of professional experience, including 11 years in the seed sector. She holds a BA from the University of Zambia and an MA from Belgium.

She is supported by a multidisciplinary leadership team combining over 100 years of collective experience in Zambia’s seed industry:

• Christopher Kunda, Sales & Marketing – 15+ years regional marketing; BA, MSc Strategic Management.
• Kabamba Mwansa, R&D Manager – 20+ years plant breeding; MSc Plant Breeding.
• Antony Chinyundo, Seed Production & Field Operations – 18 years seed production; BSc Agric, Certified Seed Inspector.
• Sepo Tembo, IT & Communications – 15+ years ICT leadership; BSc Electrical Engineering.
• Dixter Kaluba, HR & Administration – 25+ years HR and administration experience.
• Mutande K. Tembo, Business Development – 10 years agribusiness development; MSc Biology, BSc Agric.
• Kennedy Kangwa, Plant & Processing Manager – 8 years QA and seed processing; BSc Agricultural Engineering.
• Obed Chilekwa, Finance & Investment – 18+ years finance experience; ACCA, MSc Accounting & Finance.

Together, they combine technical, operational, commercial, and financial expertise to scale Afriseed’s operations and regional footprint while ensuring sustainable, impact-driven performance.

Countries of Operation

Zambia, Tanzania

Ownership of Company

Local Private Company – 100 % Zambian-owned

Number of years since incorporated

18 Years

Stage

Growth stage

Annual Revenue (in EUR)

EUR 5,000,000 - 10,000,000

Number of employees

101-500

Project Pitch

Afriseed is expanding to address the growing demand for certified, climate-resilient seeds across Africa’s COMESA region, where current production meets less than 25% of total market potential.

The company develops and multiplies certified maize, legume, and oilseed varieties through a network of over 2,000 smallholder out-growers, distributing to more than 150,000 farmers annually. Beyond seed supply, Afriseed delivers agronomic training and financial literacy to enhance productivity, resilience, and farmer incomes.

Financially, Afriseed has demonstrated consistent performance, with €10.8M in revenue in 2023, maintaining profitability through adverse conditions and sustaining an equity base of nearly €12M.

Afriseed seeks €9M in growth capital to scale seed production, invest in processing and storage, strengthen distribution networks, and expand into new regional markets including Angola, DRC, Tanzania, and Kenya. The investment will enable Afriseed to reach over 400,000 smallholder farmers, expand climate-smart seed supply by 33%, and advance sustainable, inclusive agriculture aligned with SDG 2 (Zero Hunger) and SDG 13 (Climate Action).

Total Project Cost (in EUR)

EUR 9,000,000

Financing needs (in EUR)

EUR 9,000,000

Type of financing needed

Debt / Equity / Grant

Planned allocation of fundraising capital

Expansion (expanding an existing activity)