Pearl Capital backs poultry business with mix of equity and debt

Image Credit: Pixabay

Pearl Capital Partners, managers of the Yield Uganda Investment Fund, has announced an investment of equity and debt in Sekajja Agro Farms, a poultry business based in Kampala. The €12 million fund is investing $1.8 million in the business, adding an eleventh asset to its portfolio. As a part of the deal, Pearl has the ability to appoint two directors to Sekajja’s board, although who they would has not yet been decided. No additional terms of the investment have been made available.

Sekajja will use the capital from the investment for its expansion plans. These include scaling up its poultry production facilities and building a new feed mill. Sekajja’s primary business is rearing day-old chicks until maturity which are then distributed as either live birds or dressed chicken to Uganda’s informal and formal markets. The business also operates a feed mill, abattoir, a cold chain, and some branded retail outlets.

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