Africado is a pioneer of the avocado export industry in Tanzania.
AgDevCo’s investment will allow Africado to grow its avocado estate operations, expand the outgrower scheme and increase its pack-shed capacity to accommodate higher production from its own estate and from outgrowers. Thus, strengthening a sustainable business which provides economic benefit to the local community in terms of employment, access to market and income uplift for smallholder farmers and nationally by increasing export earnings.
| Investment | Total invested | Investment type | Start date |
|---|---|---|---|
| Africado | - | Debt / Equity & Technical assistance | 2019 |
| Equity For Tanzania Limited (EFTA) | $7,600,000 | Debt / Equity | 2015 |
| Pee Pee Tanzania Limited (PPTL) | $5,000,000 | Debt / Equity | 2020 |