wCap Limited is pleased to announce its investment in Luano Food Company, an innovative agro-processing business based in Zambia, specializing in honey and avocado processing. This investment marks a significant milestone for Luano Food Company as it strives to impact the agricultural sector positively with sustainable practices and innovative product offerings.

Luano Food Company, known for its high-quality honey and other processed
agricultural products, is now diversifying into avocado processing. The company is well-positioned for exponential growth and stands out as an innovator in the agro-processing industry. Luano Food Company has a significant ecosystem impact through its support of SMEs and various women and youth-led out-grower schemes run by cooperatives around the country. These schemes empower small-scale farmers, enhancing the overall livelihoods of the community, where more than 50% are women and youth. Using state-of-the-art technology and innovation, Luano Food Company is poised for significant growth as it implements its diversification strategy.

Miit Pandoliker, CEO of Luano Food Company, stated, “This investment stands as a testament to confidence in local enterprises and the Zambian agriculture sector. We are thrilled to embark on this journey with wCap, which enables us to invest in our aspirations, commitment to sustainable manufacturing, and economic development within our ecosystem.”

Nyeji Mhango, Managing Partner at wCap Limited, confirmed, “wCap is unwavering in its quest to invest in solid businesses that demonstrate significant potential for exponential growth, high returns, and an alignment with our investment mandate. This investment reflects our deliberate commitment to seeking investment opportunities that will yield a blend of both financial and impact-driven returns that, when applied at scale, will drive significant economic growth.”

wCap Limited is an investment management firm that invests with a gender lens in high-growth businesses that have a climate impact in Zambia and Southern Africa. The institution invests patient capital in early-stage businesses operating in renewables, circular economy, blue economy, technology, sustainable agriculture, and eco-friendly manufacturing.