In 2017, CDC invested $15 million in KEL through the Impact Accelerator.
Our investment provided both expansion and working capital to support the company’s growth strategy.
A high proportion of Malawi's population lives below the poverty line and fish is the main source of protein for most people. However, a combination of dropping fish stock levels and rapid population growth has put pressure on this traditional protein source.
In this context, it is important to ensure a reliable supply of alternative and affordable sources of protein, such as eggs. Our investment in KEL will help improve access to and increase the supply of high-quality animal protein (table eggs and day-old chicks) and feed for the domestic and regional markets.
Our investment will aim to improve access to training through various initiatives such as the company’s 'demo farm' concept which trains small poultry farmers in effective poultry management.
We also expect wider economic benefits that will stimulate the local economy through job creation, contribution to government taxes and purchasing of key resources from local farmers and aggregators.
This is the third investment that the Impact Accelerator team has made to increase access to basic goods and services in Malawi, alongside smallholder agribusiness Jacoma and sustainable green building materials producer 14 Trees.
Environmental and social aspects
We are working closely with the company to develop and implement a comprehensive health, safety and environmental management system. We are also supporting the company implement international standards in animal welfare management.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- Africa, East Africa
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Food and agriculture
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- July 2017
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.