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.
As the pioneer of the Tanzanian avocado industry, Africado has been supporting smallholders in avocado cultivation for over a decade. The SDU team is focused on expanding Africado’s outgrower and certification scheme, supporting yield increases through extension services such as harvest, storage and pest training. To manage their expanded operations, SDU funds will also support the implementation of digital farmer and data management systems, ensuring supply chain transparency and accurate payment to smallholders.
|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|
|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|
|Taylor Winch||-||Technical assistance|
|Wakulima Tea Company (WTC)||-||Technical assistance||2016|