Silverlands Tanzania was one of only two Tanzanian companies making the top 75 and it achieved an extraordinary revenue growth of 40.4% p.a., ranking 25th overall, and has continued to achieve similar growth rates despite the pandemic.
SilverStreet Capital, a leading impact investment advisor, first invested into Silverlands Tanzania in 2014 with an aim to positively impact smallholder poultry and grain farmers in East Africa, an industry that was previously poorly developed.
Silverlands Tanzania is an integrated poultry business that produces high quality poultry feed and day-old chicks. From a standing start in 2014, it is now the largest feed producer in Tanzania and the third largest producer of day-old chicks, selling 14 million in 2021.
Before Silverlands I created Silverlands Tanzania, the Tanzanian poultry sector remained undeveloped because of inefficient breeds and poor-quality feed. STL introduced new poultry breeds for layers and broilers as well as the Sasso breed, a dual-purpose breed suited to the free-range, village environment. Silverlands Tanzania’s chick and feed products are aimed at smallholder farmers who represent the very large majority of poultry production in Tanzania. With better feed and breeds, Tanzanian poultry farmers are able to produce poultry profitably and demand growth has been substantial. Increased chicken and egg production has helped to reduce stunting in children, a common problem in Sub-Saharan Africa.
Silverlands Tanzania introduced the first soya processing into Tanzania and this has helped to allow soya beans into rotation with maize for smallholder grains farmers, increasing sustainability from a previous, largely mono-cropping environment. Silverlands Tanzania currently buys maize and soya from 29,000 smallholder farmers.
Silverlands Tanzania created and operates 19 distribution centres across Tanzania with a chain of over 350 retail outlets selling its products exclusively to 134,000 smallholder poultry farmers, some 75% of whom are women. The incomes of these smallholder farmers have increased by over 50% because of Silverlands Tanzania.
Quote from Dr. Ben Moshi, Chairman of Silverlands Tanzania Limited:
“We are proud of Silverlands Tanzania’s exceptional growth in Tanzania over the past decade. It has shown how a business can be built which is profitable, has extraordinary growth and has a huge social impact, raising the incomes of tens of thousands of small-holder farmers.”
Quote from Gary Vaughan-Smith, Chief Investment Officer of SilverStreet Capital:
“Silverland Tanzania’s management has done an exceptional job, creating a strong business with such a high growth rate in Tanzania, despite the pandemic. The business generates an enormous social impact because its products are focused on improving small-holder farmer profitability and sustainability. It is a role model for Sub-Saharan Africa, showing how to invest successfully with substantial impact.”
About SilverStreet Capital
SilverStreet Capital is a UK and Africa based investment adviser investing into the African agricultural sector. Established in 2007, it has invested into businesses across the agricultural value chain in eight countries in Sub-Saharan Africa. It has won a number of awards including Emerging Market Investment Company of the Year, Ethical Investor of the Year, ESG award – Special Investor, Best Impact Investor UK and Best African Agricultural Fund.
SilverStreet Capital:
Website: www.silverstreetcapital.com
LinkedIn: https://www.linkedin.com/company/9589981/admin/
2021 Annual Impact and ESG Report, SilverStreet Capital
For further information, please contact:
Hugh James, Lansons
hughj@lansons.com
07870 397 524
Silverlands Tanzania introduced the first soya processing into Tanzania and this has helped to allow soya beans into rotation with maize for smallholder grains farmers, increasing sustainability from a previous, largely mono-cropping environment. Silverlands Tanzania currently buys maize and soya from 29,000 smallholder farmers.
Silverlands Tanzania created and operates 19 distribution centres across Tanzania with a chain of over 350 retail outlets selling its products exclusively to 134,000 smallholder poultry farmers, some 75% of whom are women. The incomes of these smallholder farmers have increased by over 50% because of Silverlands Tanzania.
Quote from Dr. Ben Moshi, Chairman of Silverlands Tanzania Limited:
“We are proud of Silverlands Tanzania’s exceptional growth in Tanzania over the past decade. It has shown how a business can be built which is profitable, has extraordinary growth and has a huge social impact, raising the incomes of tens of thousands of small-holder farmers.”
Quote from Gary Vaughan-Smith, Chief Investment Officer of SilverStreet Capital:
“Silverland Tanzania’s management has done an exceptional job, creating a strong business with such a high growth rate in Tanzania, despite the pandemic. The business generates an enormous social impact because its products are focused on improving small-holder farmer profitability and sustainability. It is a role model for Sub-Saharan Africa, showing how to invest successfully with substantial impact.”
About SilverStreet Capital
SilverStreet Capital is a UK and Africa based investment adviser investing into the African agricultural sector. Established in 2007, it has invested into businesses across the agricultural value chain in eight countries in Sub-Saharan Africa. It has won a number of awards including Emerging Market Investment Company of the Year, Ethical Investor of the Year, ESG award – Special Investor, Best Impact Investor UK and Best African Agricultural Fund.
SilverStreet Capital:
Website: www.silverstreetcapital.com
LinkedIn: https://www.linkedin.com/company/9589981/admin/
2021 Annual Impact and ESG Report, SilverStreet Capital
For further information, please contact:
Hugh James, Lansons
hughj@lansons.com
07870 397 524
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