Seba Foods Zambia receives US$10M boost to expand production and storage capacity

ZAMBIA – Seba Foods Zambia Limited, a subsidiary of Zambia-based Two Six Zero Brands Africa, has received a US$10 million loan from the US International Development Finance Corporation (DFC) to boost production and storage capacity for its strategic products.

The financing was disclosed by Nisha Biswal, Deputy Managing Director of the US International Development Finance Corporation (DFC), while visiting Zambia.

According to the company, the loan would support the expansion of its food production and storage capacity for maize-based, soya-based, and other nutritious and affordable consumer food products.

Founded in 1997, Seba Foods Zambia Ltd is a producer and supplier of maize and soya-based consumer food products.

It manufactures, markets and distributes a wide variety of nutritious and affordable products through well-known brands that include Golden Goodness, Seba’s Instant Thobwa, Seba’s HEPS (High Energy Protein Supplement) and Emilios, in Zambia, regionally and internationally.

According to DFC, the Seba Foods financing marks the first American investment in food and agriculture, along the Lobito Corridor, as part of DFC’s commitments to strengthen the Zambian food market.

Lobito Corridor is a strategic corridor announced by American President Jo Biden in May 2023 during the G7 summit in Japan, aimed to connect Zambia to the Democratic Republic of Congo (DRC) and Angola.

The corridor is envisioned to integrate the African continent and enhance connections with global markets by expanding export possibilities, boosting regional trade, and growing key market segments, all while creating decent jobs and improving lives.

Therefore, Seba Foods Zambia’s expansion project aligns with the goals of the Lobito Corridor, promoting economic growth, infrastructure development, and trade in the region.

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