Good Nature Agro

AgriFI investment will help Good Nature Agro to build a new factory focused on legumes commodity in Lusaka and to increase its production and R&D capacity for seeds.

Project overview

Good Nature Agro Products Ltd (GNA), is a Zambian social entreprise producing both commodity and seed crops, including beans, soybeans, groundnuts, and cowpea. These crops are primarily grown for the Zambian market, where GNA provides farmers with access to certified legume seed varieties. Good Nature Agro currently operates in 51 districts across all 10 provinces of Zambia. The company employs over 200 staff and works in close partnership with more than 30,000 smallholder farmers.

For its commodity crops, GNA also serves regional markets beyond Zambia. The company supplies processors across the region with essential legumes used in products such as peanut butter, cooking oil, soy chunks, canned beans, and confectionery items.

In addition to its processing facility in Chipata, Good Nature Agro has established a multi-seed and commodity grading line at the Lusaka South Multi-Facility Economic Zone. This facility is dedicated to the export of processed beans and groundnuts to the SADC region.

Funding objective

The follow-on investment of USD 2m builds on AgriFI’s initial USD 3 million commitment to GNA, signed in July 2023 and (partially) disbursed in December 2023, which supported the expansion of the company’s legumes processing capacity.

The proceeds of the new loan will be used as working capital to finance crop buy-back from smallholder farmers, enabling GNA to supply its newly installed groundnut and multi-grain processing lines.

Investment rationale

• Positive impact on soil fertility and on crop rotation: legumes increase fertility by bringing nitrogen to the soil and are more resilient against climate change;
• Impact on food security: legumes are rich in protein, nutrients and vitamins;
• Local value chain with more than 30,000 smallholders impacted and creation of jobs.