Northern

Devine Providence Farms Enterprise

A poultry farmer and feed producer is poised to take advantage of growing market demand with an injection of $260,000 to fund its expansion.

Investment needed: $260,000

USAID FinGAP Environmental Risk Review required
Business Type
Mechanization, Production
Deal Type
Debt, Equity, Mezzanine Finance
Financing
Cap-Ex
Value Chain
Maize, Soy

Market Opportunity

Annual demand for broiler in Ghana is estimated at 300,000 MT, of which 200,000 MT is being met through imports of frozen chicken. Despite a Ghanaian compound annual growth rate of 19% for consumption of poultry products in recent years, and although broilers produced in Ghana are reported to be of high quality, domestic producers have not yet been able to build the economies of scale to compete on price with imports from countries such as the United States and Brazil, where frozen broilers are produced on a massive scale.

Investment Opportunity

Devine Providence began poultry production in 2011 near Tamale in the Northern Region, and currently raises both layers and broilers. In addition to its own production, Devine Providence has begun cultivating 50 acres of maize and 250 acres of soy for sale to large buyers in the region. The company aims to become the largest poultry producer in northern Ghana, and its requested investment is appropriately aggressive.

Investment Required

Devine Providence is seeking an investment of $260,000 to expand its poultry and soy production business. The funding will be used to expand its poultry farm to house more birds, purchase a feed mill to produce its own feed, and purchase vehicles for carting raw materials and distributing the finished products. The company has audited financials that will be available to interested investors, along with its business plan and revenue forecasts.

BAS Needed

Devine Providence could benefit from a BAS provider to develop the necessary documentation to obtain a loan from a financial institution.

Environmental Considerations

A USAID-FinGAP ERR has not yet been conducted.

Supporting Initiatives

Several ongoing initiatives create a conducive business environment for the investment, including:

  • GoG Broiler Revitalization Project
  • GoG National Livestock Services Project
  • GCX
  • SADA
  • NRGP

Contact Info

Emmanuel Adam, Managing Director, +233 (0) 209810697, deprofarms@live.com