Description
Clement Foods is an agribusiness that specializes in establishing crop plantations
Market Opportunity/ Problem
Malawi is in need of finding commodities that it can export to other countries to gain forex for its development. Its heavy reliance on tobacco as its main export commodity is declining because of its negative effects on people’s health. Most of the agricultural commodities that Clement Foods produces are mainly meant to meet the growing demand from the export market.
Company Information
Years of operation
7
Type of organization
Private company
Stage of the business
Growth stage
Agribusiness focus
Primary production
Agriculture value chain(s) focus?
Other
Primary country of operation
Malawi
Other country(ies) of operation
N/A
How many employees does your business have?
24
Does the business have more than 30% women ownership?
No
Does the business have more than 30% youth ownership (under 35 years)?
No
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
>1m
What is the split between equity and debt?
70% equity 30% debt