Mozbife, a beef cattle company in Mozambique, is well on the way to having 10,000 head of cattle by 2015, considering the 4,000 head of cattle it now has, said the Guernsey-based Agriterra group Wednesday.
The group announced it had finished building a 48 million cubic-metre water reservoir at its stud farm in Mavonde, Manica province, allowing the number of cattle to increase from 1.5 to seven per hectare.
The reservoir will also produce 132 kVa of electricity to power irrigation pumps.
The company ahs also bought an addition 350 hectares of land in Mavinde and is negotiating another 1,000 hectares with the Mozambican authorities.
Mozbife is building an abattoir in the city of Chimoio, the capital of Manica province, and will also open two butcher shops in the city in June.
Agriterra is listed on the London Stock Exchange’s Alternative Investment Market (AIM). (macauhub)