Verde Beef Processing
|Company Name:||Verde Beef Processing|
|Investment Type:||Growth Capital|
In November 2015, 8 Miles acquired a 33% stake in Verde Beef Processing ('VBP'), an Ethiopian agribusiness company. VBP was established in 2013 and operates the largest feedlot and beef processing business in Ethiopia employing more than 350 people.
Verde Beef Processing is situated on a 1,300 ha feedlot and crop-farming facility in Adami Tulu, south of Addis Ababa. The business uses its feedlot facilities to feed and fatten cattle and recently started export of their premium quality Ethiopian beef to the Middle East.