Boustead Beef has partnered with Ethos Management Inc from the United States of America (USA) to invest in restoration and restart of the former Cold Storage Company.
Ethos Asset Management Inc CEO Carlos Santos said he is pleased to work with the company and he has committed to providing capital that will help sustain the venture for several years.
“We are delighted to be partnering with such a prestigious company and nationally important organisation in Boustead Beef, the largest and dominant meat processing operation in Africa.
“Boustead Beef is the only integrated beef processing company, and vertically integrated grass-fed beef operation in Sub-Saharan Africa. We were very impressed with its exceptional standards and level of operation in Zimbabwe.
“Our decision to invest was consolidated by Boustead’s inspirational President, Mr. Nick Havercroft, a successful farmer, entrepreneur and operational executive who has spent his entire career in Zimbabwe and Africa, acquiring, building to scale and successfully operating farming enterprises,” Santos said.
Boustead Beef Limited Founder, Nick Havercroft, stated that his company is privileged to receive the financial backing of Ethos Asset Management in support of their mission to privatise and restart a critical component of Zimbabwe’s infrastructure.
“Boustead is fortunate to have a financial powerhouse in both public markets and project finance, led by its visionary CEO, Carlos Santos, whose project finance initiatives are making the world a better place for millions of people,” he said.
Ethos Asset Management (Ethos) is an independent, US-based company with a global reach in resource mobilization and project financing.
Boustead Beef was selected by the Zimbabwean government to privatise and revitalise Zimbabwe’s national beef operations.
The business plan includes the implementation of regenerative farming methods and solar energy, collaboration with local farmers in job creation and enhanced food security for Zimbabwe and neighboring African nations.
The operation has seen a false start with Boustead Beef not making good on its pledges and instead turning around to sue government.
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