PHYNIX INNOVATIONS

Location,City : ZAMBIA / MAZABUKA

Max Target : $ 500,000

Equity on offer : 20 %

Min Target : $ 300,000

Equity on offer : 10 %

Industry :
Agriculture

Investment Round :
Seed

Stage :
Ready to launch

Website : Visit

Posted By : NJEKWA KALEMA Connect

Summary

We shall deal with intergrated farming of Tilapia fish and soya beans at a commercial level

Notable Achievements

  • Fully operational Business website
  • Business is registered with Patents and Companies Registration Agency (PACRA)
  • 5 hectors land in possesion
  • Ready Team of experts

Pitch Video

The Business

Currently, Zambia has annual fish deficit of about 87,000 metric tonnes. The country produces over 100,000 metric tonnes (mt), of which about 85,000mt are from capture fisheries while the aquaculture sector, which is in its infancy, contributes around 30,000mt.
Phynix Innovations Fisheries seeks to start a fish farm of Tilapia. We seek to largely curb the deficiency in fish.

Soybeans in Zambia has been identified as one of priority value chains with considerable
potential for improving nutrition outcomes, income generation, job creation opportunities,
particularly for women and youth, and trade. Soybeans profit under smallholder production is projected at about ZMW 1,507.081 per hectare
as at 2018. Smallholder production is still profitable even without use of inoculum, provided a
producer adheres to good management practices. Under commercial production, farmer net
profits are projected at ZMW 514.19 per hectare at soybeans output price of ZMW 3,537.06/MT.
With good management practices and correct input application, a commercial farmer is able to
break-even if yield and price declined to 3.35 MT/Ha and ZMW 3,389.93/MT, respectively

The Market

 Directly involve our prospective customers through word of mouth, on the products we offer.
 Introduction of our business by sending introductory letters to prospective customers e.g. butcheries,
restaurants, lodges and other firms.
 Use of the internet via a number of platforms e.g. on Facebook. 75% of Zambians have access to a cellular
phone and can easily access internet. We will be seen by many potential customers outline.
 Offer discounts to loyal bulk buyers.
 Delivery services will be offered on large purchases that are bulky.
 Listing on yellow pages (directory).
 Use of fliers in strategic places.
 We will also advertise our product offering on local radio in the targeted market

Main buyers of soybeans in 2019 included National
Milling in Lusaka, Pembe in Lusaka, Mt. Meru in Katuba (Chibombo District) near Lusaka,
Global Industries on the Copperbelt province, and Export Trading Group. Others are NWK Agriservices, AFGRI Corporation, Parrogate and Seba Foods. From rural district centers, larger
trucks are used to transport the commodity to supply processors. Considerable volume of trade is
taking place across the Zambia-Malawi and the Zambia – Democratic Republic of Congo (DRC).
For Zambia and Malawi, soybeans flows in or out depending on the price differential between
the two countries.

Objective/Future (Use of funds)

Start up Capital

Start up Capital

The Team

Leah Nawale - Soya beans Farm Manager

Bachelor of Science in Education with Agriculture

Faith Kagoli - Chief Financial Officer

Bachelor of science in Economics

Erick Muyatwa - Fish Technician

Diploma in Animal Science

Exit Strategy

initial public offering (IPO)

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