Eco Farm is a greenfield organic sugar project development in Chemba, Sofala Province, Mozambique. It will rent a large part of the land area to sugarcane outgrowers, put in place an irrigation system and build the region’s only sugar mill. This project is capital intensive and requires financial as well as organisational support, the contract farming element being crucial to the project.
AgDevCo is actively participating in the development of the project by providing technical assistance. It provides several loans to finance the capital expenditure for irrigation and working capital requirements. It also has a 25% equity stake. AgDevCo has been instrumental in leveraging considerable additional funding from investors ($17.7m).
Eco Farm will be the first organic sugar export business in Mozambique.
More than 800 FTE jobs in 2017.
Average salary in 2017 was $1,600 per capita.
Female employees received training on traditional male roles, setting a positive example.
Functional stud bulls are provided to local communities to improve their livestock genetics, thereby increasing their income substantially.