Savanna Beef Processors plans new state-of-the-art processing facility

Niël Terblanché Savanna Beef Processors (SBP) celebrated a significant milestone during its inaugural Annual General Meeting (AGM) where the company showcased remarkable achievements in the fields of engineering, financial planning and market engagement over the past year. One of the most outstanding announcements was SBP’s successful capital-raising efforts, which have secured N$181 million to fund the construction of a state-of-the-art export beef-processing facility in Namibia. In a statement, the company said it is actively pursuing a third private placement, set to close on September 7, with the goal of reaching N$200 million in total funding. Several key developments were discussed…