Venture capital firm, Vakayi Capital, has concluded its second investment project in Zimbabwe that will see a Ruwa-based hatchery doubling its output.
The hatchery, ZimAvian (Pvt) Ltd, produces broiler and layer day-old chicks, which it mainly supplies to small-scale poultry farmers. The firm, however, needs an extra $250 000 capital injection to meet its growth objectives.
In a statement, Vakayi said it is delighted to be playing a part in the reconstruction of Zimbabwe.
“This is Vakayi’s second investment and it shows our commitment to provide much-needed long-term capital to Zimbabwe’s SME sector. We are delighted to work with Cyril Gunda (ZimAvian founder and chief executive officer), an ambitious, energetic and committed entrepreneur who is passionate about rebuilding Zimbabwe,” said Vakayi’s chief investments officer, Patrick Makanza.
