Kadila Poultry Farming, a ground-breaking collaboration between Eos Capital, Africa Venture Partner Projects (AVPP), and Oyeno Poultry Industries, is set to make a significant impact on Namibia’s poultry production landscape. The venture will see the construction of a state-of-the-art facility with a capacity to produce 400 tonnes of poultry meat per month. Strategically located between Windhoek and Okahandja, the plant is expected to launch in late August 2024, featuring six broiler units capable of meeting the substantial local demand for poultry meat.
Namibia currently relies heavily on imports, bringing in 2,000 to 2,500 tonnes of poultry meat each month. This dependency underscores a considerable gap in local production, which Kadila Poultry aims to address. Eos Capital highlighted the importance of this project as a crucial step towards reducing Namibia’s reliance on imports and achieving self-sustainability in protein production. The establishment of Kadila Poultry represents a significant milestone in the country’s journey towards food security.
“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, recognized this potential and subsequently supported this project in line with the firm’s mission to empower local SMEs,” stated Eos Capital.
The inauguration ceremony of the plant, officiated by officials from the Ministry of Agriculture, Water, and Land Reform, marked a significant milestone in Namibia’s agricultural sector. The facility’s construction has already created over 50 jobs, and once operational, it is expected to generate more than 350 employment opportunities, substantially contributing to the local economy.
AVPP co-founder Anthony Shipoke emphasized the project’s national importance, describing it as a sustainable initiative that brings together various stakeholders to ensure self-sustainable protein production. “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,” he said.
Eos Capital’s Senior Associate and transaction lead Etuna Hango highlighted the critical role of reducing the country’s reliance on food imports for Namibia’s overall 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 explained.
Oyeno Poultry founder Paulo Shipoke underscored the importance of agriculture to Namibia’s economy, noting its role as a major employment generator. “Agriculture remains the heartbeat of the Namibian 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,” he said.
The Kadila Poultry Factory is currently nearing completion and will be ready to house its first broilers by late August 2024. This initiative is anticipated to be a huge step forward for Namibia’s agriculture industry in terms of employment and economic advantages.
The first commercial poultry production farm in Northern Namibia was built by the fully-owned Namibian firm Oyeno Poultry Industry, which is currently undergoing renovations. Oyeno chicken is still a major player in the local chicken sector, producing over 30,000 broilers every month.
The Kadila Poultry Farming venture represents a significant step towards reducing Namibia’s dependency on poultry imports and achieving self-sustainability in protein production. The collaboration between Eos Capital, AVPP, and Oyeno Poultry Industries is poised to bring substantial economic and employment benefits, driving the nation’s agricultural sector toward a resilient and self-sufficient future.
