Key Takeaways
- • Eos Capital's Euphrates Agriculture Fund has completed a partial exit from its private equity investment in Kadila Poultry Farming, a Namibian chicken producer.
- • The transaction is described by Eos as the first partial exit by an agriculture-focused private equity fund in an unlisted enterprise.
- • Euphrates made its investment in Kadila in 2024 and provided early-stage capital when the project had not yet attracted conventional financing.
- • Kadila has become an important contributor to local broiler supply, which Eos says reduces Namibia's reliance on imported poultry.
- • Eos retains an ongoing stake in Kadila and says the exit returns capital to investors while preserving participation in future growth.
Summary
Eos Capital, a proxy investor in Namibia, has announced that its Euphrates Agriculture Fund has completed a partial exit from its investment in Kadila Poultry Farming. Eos describes the transaction as the first partial exit by an agriculture-focused private equity fund in an unlisted enterprise. The company has not disclosed the size of the transaction or the proceeds in the material available.
Eos said Euphrates invested in Kadila in 2024 as part of its strategy to strengthen Namibia's food security and support import substitution, in line with the government's stated objective for the primary agriculture sector. According to Eos, the project had yet to attract conventional financing at the time, and Euphrates supplied the early-stage capital needed to build Kadila's production facilities and move the business from concept to operation. Eos said it financed the company from greenfield inception through full commercial operations.
According to Eos, Kadila has established a modern poultry production platform and has become an important contributor to local broiler supply, reducing Namibia's reliance on imported poultry. Eos stated that it established the Euphrates Agriculture Fund as Namibia's first agriculture private equity fund, with a mandate to support national food security and invest in assets that create jobs.
Eos Capital Managing Director Elzine Mushambi said unpredictable weather and climate change are placing growing pressure on Namibia's food supply, making local agricultural production "essential to our national resilience." Mushambi said Kadila demonstrates that investing in resilience and delivering commercial returns are compatible, and that returning capital to investors validates the model. Eos said it remains committed to disciplined capital deployment, active ownership and responsible exits, and that such exits recycle capital into the Namibian economy.
Eos said Euphrates invested in Kadila in 2024 as part of its strategy to strengthen Namibia's food security and support import substitution, in line with the government's stated objective for the primary agriculture sector. According to Eos, the project had yet to attract conventional financing at the time, and Euphrates supplied the early-stage capital needed to build Kadila's production facilities and move the business from concept to operation. Eos said it financed the company from greenfield inception through full commercial operations.
According to Eos, Kadila has established a modern poultry production platform and has become an important contributor to local broiler supply, reducing Namibia's reliance on imported poultry. Eos stated that it established the Euphrates Agriculture Fund as Namibia's first agriculture private equity fund, with a mandate to support national food security and invest in assets that create jobs.
Eos Capital Managing Director Elzine Mushambi said unpredictable weather and climate change are placing growing pressure on Namibia's food supply, making local agricultural production "essential to our national resilience." Mushambi said Kadila demonstrates that investing in resilience and delivering commercial returns are compatible, and that returning capital to investors validates the model. Eos said it remains committed to disciplined capital deployment, active ownership and responsible exits, and that such exits recycle capital into the Namibian economy.
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