Lungu Limited

Ranch selling grass-fed steers to the local market, and breeding bulls and heifers for local smallholder livestock keepers.

Investment information

$320,000
Committed investment
$320,000
Investment made
Primary production with added-value activity
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

20

Jobs created / maintained

$10,000
Total annual income for employees
110T
Annual food for local consumption

Jobs created / maintained

Total annual income for employees
Annual food for local consumption

Our role

AgDevCo’s investment has been used to finance more modern handling equipment and to increase the number of livestock (cows and bulls). This is accelerating the expansion of the herd and improving herd genetics, resulting in higher-quality beef production.

Our investments in Tanzania

Investment Total invested Investment type Start date
East Africa Fruits Farm & Company Limited $400,000 Debt / Equity 2015
Equity For Tanzania Limited (EFTA) $5,000,000 Debt / Equity 2015
Kilombero Plantations Limited (KPL) $9,370,000 Debt / Equity 2014
Kingchick Poultry $255,000 Debt / Equity 2017
Lungu Limited $320,000 Debt / Equity 2013
Ndoto Farms Limited $90,000 Debt / Equity 2013
Rungwe Avocado Company (RAC) $2,130,000 Debt / Equity & Technical assistance 2014
Sasumua Holdings Limited $2,340,000 Debt / Equity 2012
Suma Hydro Power Project $2,505,000 Debt / Equity 2016
Wakulima Tea Company (WTC) - Technical assistance 2016