Tomato Processing Facility | Cuvelai Capital Fund
Agriculture
Information
Company Name/Description
Cuvelai Capital Fund
Countries of Operation
Namibia
Ownership of Company: 100% Namibian Owned
Number of years since incorporated
Upon Request
Project Pitch
This project proposes the establishment of a tomato sauce production plant in Namibia to address the country's reliance on imported tomato paste for its fish canning industry. The plant will produce 2,000 tons of tomato sauce annually, supporting local agriculture and strengthening the domestic value chain. Namibia's fish canning industry, which contributes 5% to GDP and generates N$10 billion annually in exports, faces a critical dependency on imported tomato sauce, a key ingredient in canned fish products. Despite domestic tomato sauce production of 1,691 tons/year (valued at N$67.6 million), 99% of tomato ketchup/sauce imports come from South Africa, exposing processors to supply chain vulnerabilities, currency fluctuations, and inflated costs.
Team
Upon Request
Type of Project
Private Company project
Stage
Feasibility Stage
Employment
Temporary: 340 temporary/ indirect jobs
Permanent: 120 jobs for the processing facility and the hydroponics/ dutch bucket tomato farm
Seasonal: 70 smallholder farmer jobs - supplying the plant
Annual Revenue (in EUR)
Upon Request
Total Project CAPEX (N$)
N$ 250,000,000
Source of Current Income and Use of Capital:
The Owners Contribution is Self-funded
Financing needs (N$) / Type of financing needed
Equity, Debt and Grant
The Company is looking for:
We are looking for Financing, Joint Venture and Technology Solution Partners
Planned allocation of fundraising capital
Land N$10,000,000; Buildings & Infrastructure N$ 90,000,000; Processing Equipment N$ 85,000,000; Hydroponic Systems N$50,000,000 Other Equipment & Vehicles 15,000,000
Feasibility/Due Diligence
In Progress - securing grant funding for feasibilty study