Astral ventures into Africa

15 June 2010 - 00:37 By Reuters
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Astral Foods had opened a R76-million chicken hatchery in Zambia as the first move in its plan to expand to the rest of southern Africa, it said yesterday.



Zambia, Africa's largest copper producer, wants to diversify its economy and has been inviting local and foreign investors to put money into agriculture. Only 10% of its arable land is being farmed.

Roedolf Steenkamp, Astral's managing director, said yesterday: ''The development is another step in Astral's business plan to strategically focus expansion in a responsible and cautious way outside the borders of South Africa."

He said the hatchery and breeder farm would initially produce 120000 day-old chicks a week but could hatch up to a million as demand for broilers in the region increased.

He said Zambia was strategically positioned to service the rest of southern Africa.

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