Savanna Beef has secured an additional N$40 million in private equity funding through a share allotment to BPF Windsor Holdings Ltd, lifting total private equity financing for the project to N$290 million.
The company said the N$40 million investment is expected to be allotted within three weeks, following the conclusion of final negotiations and procedural requirements.
“Final negotiations were concluded and procedures finalised over the last few weeks with BPF Windsor Holdings Ltd for the allotment of the agreed N$40 million shares within the next three weeks. This will bring the total private equity to finance the project to N$290 million,” Savanna Beef said.
The funding follows the completion of the abattoir construction phase under the engineering, procurement and construction contract with NEXUS on 27 October 2025, with ownership formally transferred to Savanna Beef Operations.
The Directorate of Veterinary Services conducted the regional Southern African Development Community (SADC) slaughter audit in November, which the company said has paved the way for European Union export certification targeted for 2026.
To date, around 1,000 cattle have been slaughtered, mainly for staff training and data collection. Savanna Beef said challenges related to accessing the local market are being addressed.
The company has also focused on improving meat quality along the value chain, drawing on input from meat scientist Phillip Strydom of the University of Stellenbosch and working with Global Protein Solutions on its marketing strategy.
“The year 2025 has seen immense progress in the construction and completion phase of this major capital development, and our vision of a profitable beef processing facility is on a favourable trajectory,” the company said.
During the year, Savanna Beef participated in the ANUGA food trade fair in Germany, where it launched its premium “Endless Farm” beef brand. The company said the brand received positive interest from international buyers.
“The detailed management of all financing aspects received meticulous attention. Much time and effort was spent on the sales and marketing strategies and the flow of the product to the market,” the company said.
Savanna Beef currently employs 111 staff members, with further recruitment expected once SADC and European Union export certifications are secured.
In the first six months of the 2024/25 financial year, the company reported an operating loss, largely attributable to construction and operational ramp-up costs. It said the loss was below initial projections and that strict financial planning remains in place to ensure ongoing stability.
