Africado is a pioneer of the avocado export industry in Tanzania.

Investment information

Committed investment
Primary production with added-value activity
Primary value chain focus
Committed investment
Primary value chain focus

Expected impact


Jobs created / maintained

Smallholder farmers linked to market

Total annual income for smallholders

Jobs created / maintained

Smallholder farmers linked to market

Total annual income for smallholders

Our role

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.

Our investments in Tanzania

Investment Total invested Investment type Start date
Africado - Debt / Equity & Technical assistance 2019
East Africa Fruits Farm & Company Limited $400,000 Debt / Equity 2015
Equity For Tanzania Limited (EFTA) $5,000,000 Debt / Equity 2015
Kingchick Poultry $255,000 Debt / Equity 2017
Lungu Limited $320,000 Debt / Equity 2013
Natural Extracts Industries (NEI) Limited - Technical assistance 2019
Pee Pee Tanzania Limited (PPTL) $5,000,000 Debt / Equity 2020
Rungwe Avocado Company (RAC) - Technical assistance
Sasumua Holdings Limited $2,340,000 Debt / Equity 2012
Suma Hydro Power Project $2,505,000 Debt / Equity 2016
Taylor Winch - Technical assistance
Wakulima Tea Company (WTC) - Technical assistance 2016