Cattle Feedlot Company Limited

East Africa,Africa Food and agriculture

Cattle Feedlot Company (CFC) is a Malawian operating company which owns three farms totalling 3,700 hectares in Malawi. This includes over 1,200 hectares of irrigated sugarcane, 335 hectares of which are run as a trust farm for local communities. 

The land is owned by an agricultural development and farm services management company with an extensive track record of managing and owning operations across Southern Africa.

This investment was made when British International Investment was named CDC Group.

Our investment

In 2017, CDC invested $5.5 million in Cattle Feedlot Company through the Impact Accelerator. Our investment will support the remedial irrigation works required on one of the farms (Kaombe), and in the longer term provide an agricultural development platform in Malawi.

Environmental and social aspects

Kaombe is adjacent to a protected wetland, so in addition to support on the farm’s environmental and social action plan, we are supporting the company through our technical assistance facility to implement a comprehensive environmental and social management system, and water and soil monitoring related to the remedial works.

Key facts

Status:
Exited
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, East Africa
Countries:
Malawi
Sector

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 British International Investment committed capital to the business or project.

For funds, this is the date that British International Investment committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2017
End date

For direct equity investments, this is the date at which British International Investment exited the investment.

For debt investments, this is the date at which the final debt repayment was made.

For funds, this is the date at which the fund was terminated.

For underlying fund investments, this is the date at which the fund manager exited the investment.

:
June 2022
Amount

For direct investments, this is the total amount that British International Investment has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that British International Investment has committed to the fund.

:
$5.5m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Malawi

We are now British International Investment