Nego Poultry Development | Nego Agricultural (Pty) Ltd
Agriculture
Information
Company Name/Description
The project aims to establish a large-scale industrial broiler processing plant and animal feeds factory which is situated 60km south of Rundu, Kavango West region, Namibia. The project aims to produce 1 million quality broiler chickens and 12 800 bags of animal feed per month. Preliminary profit before tax is US$ 8 million in the first year of operation. Nego Poultry broiler estimated project cost is US$ 38 million. However, the project can be implemented in phases
Countries of Operation
Namibia
Ownership of Company: The Nego Agricultural (Pty) Ltd is 100% owned by two Namibians
Number of years since incorporated
Upon Request
Project Pitch
The project aims to establish a large-scale industrial broiler processing plant and animal feeds factory which is situated 60km south of Rundu, Kavango West region, Namibia. The project aims to produce 1 million quality broiler chickens and 12 800 bags of animal feed per month. Preliminary profit before tax is US$ 8 million in the first year of operation. Nego Poultry broiler estimated project cost is US$ 38 million. However, the project can be implemented in phases
Team
Upon Request
Type of Project
Private Company project
Stage
The technical feasibility has been done, prelimianary drawings are done, preliminary cost estimate is complete. What is remained is detailed designs.
Employment
Temporary: 120
Permanent: 230
Seasonal: No
Annual Revenue (in EUR)
Upon Request
Total Project CAPEX (N$)
US$ 34 000 000
Source of Current Income and Use of Capital:
No income is being generated
Financing needs (N$)
Not Disclosed
Type of financing needed
Not Disclosed
The Company is looking for:
Agribusiness and Feeds Poduction
Planned allocation of fundraising capital
- Construction: US$14 million
- Procurement of mechanical and electrical equipment : US$18 million
Feasibility/Due Diligence
Technical: Ongoing
Financial: Ongoing
Environmental: Ongoing