THE UNITED KINGDOM, London. AgDevCo, a social impact agribusiness investor, has announced that it plans to invest $3 mill. debt investment into Uzima Chicken Limited, a Rwandan poultry company.
“We believe Uzima Chicken can transform the poultry market in Rwanda by delivering improved birds to hundreds of thousands of households. We have seen the model’s success in Ethiopia and we are confident that, with continuing support from the Ministry of Agriculture, Uzima is well-placed to replicate that success in Rwanda,” Chris Isaac, Regional Director AgDevCo, added.
Uzima is an early-stage poultry company which provides day-old chicks to smallholder farmers throughout Rwanda. It is sponsored by Flow Equity, a US-based investor, which has successfully developed a similar business model in Ethiopia. Uzima currently operates from premises leased from the Government of Rwanda in Rubirizi, Kigali.
AgDevCo is a social impact investor, which provides patient capital in the form of debt and equity to early-stage agribusinesses in sub-Saharan Africa. Its mission is to reduce poverty and improve food security. The company has invested over $100 mill. in 57 agribusinesses to date, connecting over 240,000 farmers to markets and supporting over 7,600 jobs. In Rwanda, AgDevCo is funded through DFID’s (UKAid) IMSAR programme.