Tanzanian finance company, which provides SME businesses with equipment leases in local currency without the need for collateral.
AgDevCo has invested $5,000,000 in EFTA to provide funding for its next expansion phase. AgDevCo’s investment is split between equity, to strengthen EFTA’s balance sheet and provide core capital, and debt, which is required to provide EFTA’s financial leases. AgDevCo will also look to support EFTA’s future growth, which will involve raising further debt finance for the business.
|Investment||Total invested||Investment type||Start date|
|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|