• Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

  • Don't take us for fools

    It's time for businesses to stop thinking consumers are gullible, says Mandi Smallhorne.

All data is delayed
See More

Country Bird‚ IFC in talks over funding

Feb 25 2013 08:53
I-Net Bridge

Johannesburg - Poultry producer Country Bird Holdings [JSE:CBH] announced on Friday that it had entered into negotiations with the International Finance Corporation (IFC) to secure funding that would enable it to expand its geographic footprint in Africa.

The IFC is considering the possibility of investing $25m in the form of a convertible instrument.

The funding will be utilised to increase chick production in Zambia and Botswana‚ to expand the feedmill capacity in Zambia‚ to increase broiler meat processing capacity and to construct soybean deactivation plants at two of its feedmills.

Country Bird cautioned that if the talks succeeded‚ they may have a material on the company’s share price.  

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote