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
Primary production with added-value activity
Primary value chain focus
Committed investment
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
Africado - Debt / Equity & Technical assistance 2019
East Africa Fruits Farm & Company Limited $400,000 Debt / Equity 2015
Equity For Tanzania Limited (EFTA) $5,000,000 Debt / Equity 2015
Kingchick Poultry $255,000 Debt / Equity 2017
Lungu Limited $320,000 Debt / Equity 2013
Natural Extracts Industries (NEI) Limited - Technical assistance 2019
Pee Pee Tanzania Limited (PPTL) $5,000,000 Debt / Equity 2020
Rungwe Avocado Company (RAC) - Technical assistance
Sasumua Holdings Limited $2,340,000 Debt / Equity 2012
Suma Hydro Power Project $2,505,000 Debt / Equity 2016
Taylor Winch - Technical assistance
Wakulima Tea Company (WTC) - Technical assistance 2016