Westfalia Fruto is a greenfield avocado investment. The lack of reliable heavy equipment has delayed the development of orchards, which already have a long lead time before coming to production. The company would also like to create an outgrower scheme for litchi procurement and processing.
AgDevCo partnered with Westfalia South Africa to create a farm hub that will transform Mozambique into a fruit-exporting country. A 25% equity stake was taken by AgDevCo to finance land clearance and avocado orchard planting. A further $1,147,382 loan is committed to purchase farming equipment and for working capital purposes. AgDevCo will also play a pivotal role in the design and implementation of the outgrower scheme.