Verde Beef Processing PLC
Project name: Verde Beef Processing PLC
Refugee investment category: R3
SDGs addressed: 8, 10
Headquarters regions: Addis Ababa, Ethiopia (Headquarters); Adami Tulu, Oromia, Ethiopia (Operations)
Summary: Founded by the Ethiopian venture firm, Verdant Frontiers, which has established, supported, and sold several companies within Ethiopia and the US, Verde Beef is an export-focused agribusiness company. Verde Beef has over 450 direct employees and has provided incomes to 3500 community members through their sourcing of inputs and services. By engaging the local community in decision making, training, and sourcing, Verde Beef ensures that their business is environmentally responsible, economically successful, and socially integrated.
Potential refugee impact: Verde Beef is an IDP-inclusive agribusiness in Ethiopia with the potential to create 250+ direct jobs for IDPs while also preventing thousands more locals from becoming displaced via local job creation. They are raising equity investment to support business expansion at present.
Investment thesis: Verde Beef Processing PLC is an agribusiness company founded by the Ethiopian venture firm, Verdant Frontiers. The company has an established feedlot in Adami Tulu, Oromia, Ethiopia on a 1,300 hectacre farm. Verde Beef is currently expanding their operations, targeting a capacity to feed, process, and export more than 130,000 cattle per year.