AgDevCo Announces Follow-On Investment of USD 3 Mn Into Uzima Chicken Ltd

AgDevCo has announced a USD 3 Mn follow-on mezzanine debt investment into Uzima Chicken Limited, an East African poultry company operating in Rwanda and Kenya. AgDevCo’s first investment into Uzima was in 2017 that helped launch the centre in Rwanda. AgDevCo is a specialist investor in African agribusiness.

Uzima Chicken Limited is the leading distributor of high-quality, dual-purpose day-old chicks in East Africa. The company aims to transform the poultry industry in East Africa to eliminate poverty and malnutrition across the region.

The new investment provides Uzima with further capital to increase its production capacity and strengthen its impact across the Great Lakes region.