Asset Green backs US$270M Ghana poultry project as Africa agrifood investments grow

GHANA – Agrium Capital, the agrifood investment arm of UK-based Asset Green, has joined a US$270 million poultry transformation programme in Ghana covering feed production, hatcheries, farming, processing, cold chain and distribution, as the company expands its focus on integrated food-production projects across Africa.

The National Poultry Transformation Programme was formalised through Heads of Terms signed on August 28 by Ghana’s 24-Hour Economy and Accelerated Export Development Secretariat (24H+) and four investment partners: Agrium Capital, Petra Trust, Axis Pension Trust and Ghana EXIM Bank. 

The Tony Blair Institute for Global Change also helped bring the partners together.

The programme is expected to create 12,000 direct jobs and increase annual domestic broiler output from about 20,000 tonnes in its first phase to 50,000 tonnes. 

It will integrate feed production, breeding, hatchery operations, broiler farming, processing, cold-chain infrastructure, logistics and market access.

Ghana currently spends about US$400 million a year on chicken and poultry-product imports, highlighting the market opportunity for investment in domestic production. 

The project is intended to retain more of that expenditure within the country while strengthening the poultry supply chain.

Agrium Capital CEO Rod Bassett said the investment reflects confidence in Ghana’s poultry sector and its potential to support food security, local production and value creation. 

The project will now move through an exclusive design-and-development process expected to take 10 to 12 months before the partners develop the Heads of Terms into a Shareholders’ Agreement.

Building an African agrifood portfolio

The Ghana project adds to a series of large agrifood developments Asset Green has announced across Africa.

In March 2026, Asset Green signed a memorandum of understanding with the Nigeria Sovereign Investment Authority for a US$496 million integrated dairy project. 

The planned development includes 20,000 hectares of fodder crops, a dairy farm for up to 10,000 cows and a processing facility with annual capacity of 200,000 tonnes.

In Ethiopia, the company announced a US$600 million integrated dairy and commercial-crop project in February 2025 with Ethiopian Investment Holdings and the Ethiopian Agricultural Business Corporation. 

The first phase focuses on livestock and animal-feed production, while later development is planned around crops including cotton, oilseeds, and rice.

Together with Ghana, the three announced projects represent US$1.366 billion of planned agrifood investment across Africa.

The strategy reflects Asset Green’s broader focus on large-scale agrifood systems in emerging markets. 

Through Agrium Capital, the group says it is targeting projects that can strengthen local food production and reduce reliance on imports.

The Ghana project is particularly significant because it places feed manufacturing at the start of an integrated poultry platform, linking feed supply directly to hatcheries, farms, processing, and distribution.

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