Hastesid Farms & Agro Allied
Description
Hastesid is primarily involved in the processing of palm kernel nuts into palm kernel oil, a major requirement for vegetable oil production, soap making and making Palm Kernel cake (PKC), a source of animal feed protein.
Market Opportunity/ Problem
Nigeria consumes 1,000,000 tons of vegetable oil per year. 80% of the edible vegetable oil consumed in Nigeria is made from refined Palm kernel oil. With the ban on importation of vegetable oil in Nigeria, and on the release of forex to importers, there exist a huge opportunity for Palm Kernel oil production locally
Company Information
Years of operation
6
Type of organization
Private company
Stage of the business
Growth Stage
Agribusiness focus
Value Addition/Processing
Agriculture value chain(s) focus?
Cash Crops
Primary country of operation
Nigeria
Other country(ies) of operation
N/A
How many employees does your business have?
10
Does the business have more than 30% women ownership?
Yes
Does the business have more than 30% youth ownership (under 35 years)?
Yes
Financing and expansion overview
How much capital is the company currently fundraising (US$)?
50k-500k
What is the split between equity and debt?
Debt (100%)