Saise Farming Enterprises Ltd (SFEL)

Farm hub in Zambia's Northern Province growing seed potatoes and other crops on irrigated land.

Investment information

$6,135,000
Committed investment
$5,160,000
Investment made
Primary production with added-value activity
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

80

Jobs created / maintained

40

Jobs created / maintained for women

$80,000
Total annual income for employees

Jobs created / maintained

Jobs created / maintained for women

Total annual income for employees

Our role

AgDevCo’s initial investment was used to establish irrigation over 250 ha, secure power and purchase farm equipment, sheds, cold stores and machinery. Crops are now protected against drought conditions and potatoes can be grown in the winter, when the risk of disease is at its lowest, stored in climate-controlled warehouses and distributed to farmers the following year. In 2017, based on the highly positive reviews of the 2016 crop (Saise seed being preferred by most commercial farmers to imports) and higher than expected customer interest in the 2017 crop, AgDevCo approved a follow-on investment for additional cold stores. Katito Farms has been contracted to grow on behalf of Saise Farm.

Our investments in Zambia

Investment Total invested Investment type Start date
CHC Commodities - Technical assistance 2017
Ilobezi Limited $1,200,000 Debt / Equity 2016
Katito Farming Enterprises Ltd $7,000,000 Debt / Equity 2017
New Rotations Farming Zambia (NRZ) $1,800,000 Debt / Equity 2014
NWK Grain Handlers Limited (NGHL) $720,000 Debt / Equity 2015
Saise Farming Enterprises Ltd (SFEL) $6,135,000 Debt / Equity 2016
Silverlands Ranching Ltd (SRL) - Technical assistance 2018