Zambia’s first seed company, Zamseed has secured K91 million (US$5m) investment from UK based investment advisor managing African agricultural funds, SilverStreet capital to expand its operation and ensure continuity of business. According to Zamseed managing director, William Rutherford-Smith, the financing will be used to revamp the company’s processing plant in Lusaka. In addition, the company plans to expand its research capability, vegetable seed product line and meet its strategic goal of becoming a regional seed company headquartered in Zambia.
