Agribusiness & ManufacturingZambia Food Business Network

Edible Oils to get a boost as Alliance Ginneries Invest $11m in a Soy Bean Processing Plant

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The recent increase in cooking oil prices has left most consumers and small business owners struggling to keep up with the cost of living and the cost of running businesses.

The recent ground breaking of a soy bean processing plant by Alliance Ginneries comes as a relief to the country as the investment will create a value chain in the sector.

Alliance Ginneries Limited raised $11 million in impact investment to expand into soybean oil extraction and refining, reducing imports and increasing income opportunities for 50,000 farmers.

The company with the support from PROSPERO recieved the investment readiness technical assistance to close the deal.


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