German billionaire Clemens Tönnies, who is a co-owner of Tönnies Holding ApS & Co, an international food-processing company, is planning to set up a company in Namibia dedicated to the slaughter, butchering, processing, and refining of pork and beef.
Tönnies informed Namibian President Hage Geingob about his plans during last week’s courtesy visit at the State House in Windhoek.
Geingob expressed his enthusiasm for the investment but emphasized Namibia’s commitment to investors willing to engage in value addition and address the pressing issue of high youth unemployment.
He stated: “We need to address the limited availability of beef in certain areas to facilitate exports. We welcome investors who can contribute positively to the nation, especially by creating employment opportunities for our youth, as youth unemployment is our most significant challenge.”
Tönnies Group, a prominent German family-owned enterprise in the meat industry, operates internationally, primarily focusing on pork and beef processing.
In the German pork market, Tönnies is the leader, boasting revenue exceeding $6 billion, making it one of Europe’s largest meat conglomerates.
The company handles the processing and distribution of pork, beef, sausages, and related ingredients through its subsidiaries. Tonnies Holding also offers slaughtering, butchering, and processing services for pigs, saws, and cattle, serving a global clientele.
Tönnies owns 45 percent of the meat processing company Tönnies Holding.
Forbes estimates his wealth at $1.3 billion.
