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||2019|
|East Africa Fruits Farm & Company Limited||$400,000||Debt / Equity||2015|
|Equity For Tanzania Limited (EFTA)||$5,000,000||Debt / Equity||2015|
|Kilombero Plantations Limited (KPL)||$9,370,000||Debt / Equity||2014|
|Kingchick Poultry||$255,000||Debt / Equity||2017|
|Lungu Limited||$320,000||Debt / Equity||2013|
|Ndoto Farms Limited||$90,000||Debt / Equity||2013|
|Rungwe Avocado Company (RAC)||$2,130,000||Debt / Equity & Technical assistance||2014|
|Sasumua Holdings Limited||$2,340,000||Debt / Equity||2012|
|Suma Hydro Power Project||$2,505,000||Debt / Equity||2016|
|Wakulima Tea Company (WTC)||-||Technical assistance||2016|