IllustrativeSierra Leone Poultry and Feed
Sierra Leone · NationwideLivestock · Poultry, maize and soybean feed
Domestic feed and poultry capacity for Sierra Leone: 110,000 ha of commercial maize and soy, 58 feed mills and 110 broiler and layer farms, to halve production costs and cut frozen imports, for an estimated c. USD 241.5m.
Rationale
Sierra Leone spends about USD 40m a year on chicken and egg imports, and imports 60% of its chicken meat and 40% of its eggs.¹ Feed is 60–75% of production cost and local milling is limited, while per capita poultry consumption rose 47% between 2018 and 2022.
- Feed crops
- 110,000 ha of maize and soy
- Feed mills
- 3 regional mills at 7 t/hour, 55 small mills at 1 t/day
- Poultry
- 110 broiler and layer farms, 5 hatcheries
- Stage
- Greenfield, at feasibility
Investment opportunity
Transaction structure
PPP and private components of a government-prioritised plan, from feed crops to hatcheries and cold chain.
Use of funds
Feed crops USD 173.2m; feed mills USD 22.9m; broiler and hatchery USD 35.4m; market linkages and finance USD 10.0m.¹
Revenue basis
Feed grain, compound feed, broilers and eggs sold into the domestic market and the National School Feeding Programme.
The ask
Investors in maize and soy, feed mills, broiler and layer farms, hatcheries, processing and cold chain, through PPP or private structures.
Why it is bankable
About USD 40m a year goes on chicken and egg imports; 60% of chicken meat and 40% of eggs are imported.¹
Feed is 60–75% of production cost and local milling capacity is limited, so local maize and soy target the largest cost line.
Per capita poultry consumption rose 47% between 2018 and 2022, with school feeding as an anchor domestic buyer.
Feed Salone offers a three-year income tax exemption and five-year duty-free import on feed.
Data and evidence · Today vs the 2028 plan goals
| Today | 2028 goal | |
|---|---|---|
| Feed | 60–75% of production cost; limited local milling | Local feed halves poultry production cost |
| Imports | About USD 40m a year on chicken and eggs | Frozen chicken and egg volumes cut 50% |
| Import reliance | 60% of chicken meat, 40% of eggs | All school feeding eggs sourced locally |
Project readiness and timeline
- OriginationGreenfield
- FeasibilityCurrent stage
- StructuringTo follow
- Financial closePost-diligence
- ConstructionTo follow
Key risks and mitigants
Not contracted; demand replaces about USD 40m a year of chicken and egg imports, with school feeding as a domestic buyer.
110,000 ha of feed crops needs land and outgrower supply; the land and outgrower plan is released under NDA.
Disease risk in broiler, layer and hatchery operations; biosecurity and E&S documentation is in the Tier 2 data room.
Transaction terms
- Offtaker
- Domestic market, including the National School Feeding Programme
- Contract status
- Not contracted
- Structure
- PPP and private components within a government investment plan
- Technology
- Commercial maize and soy with feed milling; broiler, layer and hatchery expansion
- Capacity
- 110,000 ha maize and soy; 3 regional mills (7 t/hour), 55 small mills (1 t/day)
- Location
- Moyamba, Tonkolili, Port Loko, Makeni, Bo, Western Rural; sites under NDA
- WAIIS pillar
- Agribusiness & Food Systems
Development impact
Social
60,599 direct and 363,592 indirect beneficiaries, with per capita income up USD 197.¹
Nutrition
Goal of 100% domestic eggs in the National School Feeding Programme by 2028.
Economic
Goal to halve poultry production costs and frozen chicken and egg import volumes by 2028.
Farmers
27 market-linkage hubs and 550 Farmer Field Schools, with outgrower linkages.¹