Kadila Poultry Farming, a new venture between Eos Capital, Africa Venture Partner Projects (AVPP), and Oyeno Poultry Industries, is poised to significantly boost Namibia’s poultry production with the construction of a 400 tonnes of poultry meat per month capacity plant.
Located between Windhoek and Okahandja, the facility will feature six broiler units capable of producing 400 tonnes of poultry meat per month upon its anticipated launch in late August 2024.
Namibia currently imports between 2,000 to 2,500 tonnes of poultry meat monthly, highlighting a substantial gap in local production.
Eos Capital said the establishment of Kadila Poultry represents a crucial step towards reducing this dependency and a milestone in the country’s pursuit of self-sustainable protein production.
“Their journey, starting in northern Namibia and now expanding through Kadila Poultry, is a testament to the potential for local businesses to thrive. Euphrates, managed by Eos Capital, recognised this potential and subsequently supported this project in line with the firm’s mission to empower local SMEs,” said Eos Capital.
The inauguration ceremony of the plant, which took place last week was officiated by officials from the Ministry of Agriculture, Water, and Land Reform.
Kadila Poultry has already created over 50 construction jobs, with expectations of generating more than 350 employment opportunities once operational, aiming to make a substantial contribution to Namibia’s agricultural sector.
AVPP co-founder Anthony Shipoke says “the Kadila project is a highly important project of national interest, as it is a sustainable way of bringing together different role players to ensure self-sustainable protein production, as Namibia consumes more kg poultry per capita than any other land protein source”.
Eos Capital’s Senior Associate and transaction lead Etuna Hango added that reducing the country’s reliance on food imports is integral to Namibia’s well-being.
“As custodians of local retirement savings, we, as Eos Capital, have a responsibility to allocate capital to assets that contribute to the nation’s welfare. We are proud to play a role in steering Namibia towards self-sustainability. This investment in the agriculture sector is one of many steps we will be making to ensure a resilient and self-sufficient future for our nation,” he said.
Oyeno Poultry founder Paulo Shipoke says “agriculture remains the heartbeat of the Namibia economy and is the largest creator of employment opportunities for its people, through sustainable operation practices and continued growth, the industry will remain in a position to foster economic development and growth for the people of The Republic of Namibia”.
Meanwhile, the project is currently in the construction final stages, with the first broilers expected to be placed in late August 2024.
“This significant development marks a major milestone for Namibia’s agricultural sector, promising substantial economic and employment benefits”.
Oyeno Poultry Industry, a wholly owned Namibian company, established the first commercial poultry production farm in Northern Namibia.
Oyeno produces roughly 30,000 broilers a month and is currently under revamp.
