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 assistance2019
East Africa Fruits Farm & Company Limited $400,000Debt / Equity2015
Equity For Tanzania Limited (EFTA) $5,000,000Debt / Equity2015
Kingchick Poultry $255,000Debt / Equity2017
Lungu Limited $320,000Debt / Equity2013
Pee Pee Tanzania Limited (PPTL) $5,000,000Debt / Equity2020
Sasumua Holdings Limited $2,340,000Debt / Equity2012
Suma Hydro Power Project $2,505,000Debt / Equity2016