By BUUMBA CHIMBULUOVER K2.4 billion has been invested in the agriculture sector from 2013 to date by SilverStreet Capital, which is an impact investor.SilverStreet Capital which runs three investments in Zambia, namely, Zamseed, Silverlands Ranching Limited and Silverlands Zambia, has invested over K2.4 billion (USD115 million) in its Zambian operations resulting in the creation of over 800 jobs.Gary Vaughan-Smith, the SilverStreet’s Chief Investment Officer, said the increase in employment reflected its optimism about the medium-term prospects for the Zambian economy.This, Mr Vaughan-Smith explained, was despite the uncertainty caused by Covid-19 and the difficult economic conditions at present.He said this when taking stock of the investor’s performance in the year 2020.“Zambia has huge potential in its agricultural sector and I am proud of the job creation that has resulted from our investment,” Mr Vaughan-Smith said.SilverStreet made its first investment into Zambia with Silverlands Ranching in 2013 and has since invested into two grains businesses in 2014 […]
SILVERSTREET CAPITAL INVESTS K2.4BN IN AGRO
