twitter RSS Feed linkedin acp contact

Kukula Fund 1 acquires More Beef stake

Kukula Fund 1 has announced that it has acquired 10 per cent shareholding in More Beef Limited, one of Zambia's fastest-growing agribusinesses

Kukula Fund 1 has announced that it has acquired 10 per cent shareholding in More Beef Limited, one of ZambiaKukula Fund 1 has announced that it has acquired 10 per cent shareholding in More Beef Limited, one of Zambia's fastest-growing agribusinesses

The company would be investing close to US$1mn as a combination of debt and equity in More Beef Limited. According to company managing director Tue Nyboe, the firm is confident of making More Beef one of the leading players in the Zambian food industry.

More Beef Limited chief executive officer Ross Michelson said the investment of Kukula Fund 1 was the initial step in a multi-million dollar expansion programme for the next 12 months, which includes investments in feedlots, abattoirs and a state-of-the-art meat processing plant. The investment would enable More Beef to meet the growing demand for quality meat products in the country. Kukula Fund 1, a local company quoted on the Lusaka Stock Exchange (LuSE), is managed by Kukula Capital, a private equity and venture finance company.


LATEST NEWS IN Cattle

Intracare launches the world’s most eco-friendly hoof bandage

Intracare launches the world’s most eco-…

Intracare, developer and supplier of products for veterinary health and nutrition, has come up with the world’s most eco-friendly hoof bandage, which will be available worldwide

Nutreco receives grant to provide sustainable feed solutions for small-scale producers

Nutreco receives grant to provide sustai…

Nutreco, a global animal nutrition leader, has received a US$4.8mn grant from the Bill & Melinda Gates Foundation to accelerate the implementation of localised, sustainable complete feed production in sub-Saharan...

Volatility: challenges in animal feeding

Volatility: challenges in animal feeding

As price volatility propels the use of alternative feed ingredients, Adisseo's team discusses how the quality of diets and the performance of animals can be maintained in such situations

Tackling transboundary animal diseases in Zimbabwe

Tackling transboundary animal diseases i…

To curb high impact transboundary animal diseases in Zimbabwe, the Food and Agriculture Organisation (FAO) and the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development launched the animal health...

Nuclear techniques help Zambia ensure safety in animal food products

Nuclear techniques help Zambia ensure sa…

The International Atomic Energy Agency (IAEA) and the Food and Agricultural Organisation (FAO) are working with Zambian experts to address drug resistant microbes as well as food contamination in meat...

Evonik publishes first edition of animal diet

Evonik publishes first edition of animal…

Evonik, a German-based specialty chemicals company has published the first edition of the MetAMINO ATLAS displaying the results of 15 performance trials investigating the relative bioavailability of supplementary methionine sources...

Prev Next

OTHER RELATED ARTICLES - Cattle

Kenya focussing on feed quality for better livestock

Kenya focussing on feed quality for bett…

Kenya’s Ministry of Agriculture is developing fresh guidelines to maintain a high quality of animal feed in the country

Niger imports superior cattle breeds from South Africa

Niger imports superior cattle breeds fro…

Niger has bought more than 72 different breeds of cattle, as well as 700 boar goats and doper sheep, from South African firm UCK Investments

Namibia’s strategy to support NCA livestock producers

Namibia’s strategy to support NCA livest…

A new strategy to be rolled out by the Namibian government is set to address the critical market shortage of livestock producers in the northern communal areas (NCAs)

Lato Milk to export to Ethiopia, South Sudan and Malawi

Lato Milk to export to Ethiopia, South S…

Pearl Dairy Farms Limited (PDFL), the manufacturers of Lato Milk products, are now exporting their product portfolio to Ethiopia, Malawi and South Sudan underpinned by the Africa Continental Free Trade...

Cattle keepers and farmers in Bahr El Ghazal agree on peaceful coexistence

Cattle keepers and farmers in Bahr El Gh…

Cattle keepers and farmers in Bahr El Ghazal agree on peaceful coexistence during the tense dry season to minimise the annual conflicts that cattle movements during the dry season tend...

Intracare launches the world’s most eco-friendly hoof bandage

Intracare launches the world’s most eco-…

Intracare, developer and supplier of products for veterinary health and nutrition, has come up with the world’s most eco-friendly hoof bandage, which will be available worldwide

Global meat production to remain stable, says FAO

Global meat production to remain stable,…

UN’s Food and Agriculture Organisation (FAO) has assured the global food commodity markets are on a stable path for the year ahead with firm production prospects and abundant stocks

South Africa distributes vaccines in districts to fight livestock diseases

South Africa distributes vaccines in dis…

The government of South Africa has delivered 356,000 doses of foot and mouth disease (FMD) vaccines in its southern province districts

ILRI launches insurance cover pilot project in Kenya

ILRI launches insurance cover pilot proj…

The International Livestock Research Institute (ILRI) in partnership with Takaful Insurance of Africa has launched a pilot project to support pastoral livestock herders in the drought-prone Wajir County in northern...

Heifer International and Rwandan Ministry of Agriculture invest in livestock farmers

Heifer International and Rwandan Ministr…

Heifer International and the Rwanda Ministry of Agriculture have announced a partnership to invest more than US$10mn in livestock and training for 23,400 smallholder farming households

New opportunity for returning migrants in Burkina Faso on livestock farming

New opportunity for returning migrants i…

The International Organisation for Migration (IOM), in collaboration with the government of Burkina Faso and with funding from the European Union (EU), is supporting the establishment of livestock farmer groups...

Starbucks funding for Tanzanian dairy project

Starbucks funding for Tanzanian dairy pr…

The Starbucks Foundation has awarded US$750,000 to a Tanzanian project to provide cows to coffee farmers

Prev Next