Ethos Asset Management has entered into a long-term financing partnership with Boustead Beef Zimbabwe, a vertically-integrated and grass-fed beef operation to support its refurbishment, restart its operations and stimulate the country’s national beef industry.
We are delighted to be partnering with such a prestigious company and nationally important organization 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 Boustead’s 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. We are absolutely delighted at Ethos to be expanding our investments further into Africa and in particular, Zimbabwe for the first time.Carlos Santos, EAM CEO
Boustead Beef entered into an agreement in 2019 with the Zimbabwean government to acquire the country’s, and the region’s, largest meat producer Cold Storage Company. The deal included CSC’s country-wide operations, four certified abattoirs, a meat-processing and canning factory, a tannery and numerous ranches and feedlots.
The company was advised by Worldwide Wealth Advisors and Nyansapo Impact Capital.