Transforming two neglected farms in Southern Mozambique to a banana plantation with export potential.
The new owners of Citrum shared AgDevCo's vision of promoting a Mozambican-owned agribusiness by restructuring two under-performing farms and reinvigorating employee morale. AgDevCo invested $1.5m in equity alongside the new owners’ injection of $1.85m. With plans for intensive rehabilitation and planting, initial expenditure was focused on a pack-house, farm equipment and an efficient irrigation infrastructure, with AgDevCo providing agronomic advice to help mitigate local water shortages.
|Investment||Total invested||Investment type||Start date|
|AC Matama||$500,000||Debt / Equity||2014|
|Citrum||$5,925,000||Debt / Equity||2017|
|ECA||$2,645,000||Debt / Equity||2011|
|Quinta da Bela Vista Limitada (QBV)||$3,000,000||Debt / Equity|
|Transurban||$1,150,000||Debt / Equity||2018|
|Westfalia Fruto||$5,580,000||Debt / Equity||2014|