African Century Foods (ACF) is a fully integrated producer and distributor of farmed fish and chicken, and its supply of affordable, high quality fresh protein is important in countries facing challenges related to the availability and affordability of food supplies.
In 2013, Norfund invested in ACF to strengthen and expand ACF’s operations in Zimbabwe, and to fund the company’s expansion in Zambia, Uganda and Mozambique.
Operating through its subsidiary companies (Lake Harvest Zimbabwe, Lake Harvest Zambia, and Lake Harvest Uganda), ACF farms and produces 10 000 tons of tilapia – a freshwater fish – annually, and has full control over the key production processes involved. The demand for quality fish products is increasing, and aquaculture provides a sustainable response to the increasing challenge of overfishing in the lakes of Zambia, Uganda and Zimbabwe.
ACF’s subsidiary company in Mozambique, Frango King, produces fresh and frozen broilers, and day old chicks which are sold to local small-scale farmers in the Nampula region of Mozambique together with a feed pack. The availability of quality day old chicks is helping to strengthen the local supply of food and providing extra income for local farmers.
The majority of ACF’s products are sold through its regional network of wholesale and retail distribution outlets. The company is targeting specifically the lower end of the market, and provides quality jobs to over 1400 people through its regional operations. In addition, hundreds of entrepreneurial trading jobs have been created. Most are undertaken by women who, for example, purchase fish supplied through ACF’s local distribution centres in Zambia, Zimbabwe and Malawi.