Market –For food security and scaling up of poultry operations in Sub Saharan Africa, Norfund (the Norwegian development finance institution) and Irvine’s Group have signed a $18 million (Sh2.25 billion) financing agreement to expand operations in high-impact poultry initiatives.
The investment in Buchan Limited, the Group’s holding company for its operations in Tanzania, Botswana, Mozambique, and Kenya, will enable Irvine’s, already a leading poultry breeder and supplier of broiler day-old chicks (DOCs) and high-quality poultry feed across Sub-Saharan Africa, to further scale operations in East Africa.
Irvines Group, in a venture with its long-time partner Cobb, will help establish a modern grandparent farm in Tanzania. This facility will breed parent stock and help reduce the timeline and logistical challenges of importation, thereby increasing the cost competitiveness and ensuring the reliability of the supply chain throughout Africa.
