Jacoma – Tropha

Irrigated macadamia and annual crop farming hub, with a macadamia processing facility. 

Investment information

$6,100,000
Committed investment
$610,000
Investment made
Primary production with added-value activity
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

$40,000
Total annual income for employees
2,500
Smallholder farmers linked to market
$470,000

Total annual income for smallholders

Total annual income for employees
Smallholder farmers linked to market

Total annual income for smallholders

Our role

AgDevCo invested $5.7m to develop a 1,170 ha irrigated farming hub of two macadamia farms, an annual crop farm and a 1,000 MT macadamia processing facility. The financing was structured as $3.7m of loans into Tropha and a $2.0m equity investment into its parent company, Jacoma Estates. In addition to using throughput from the hub estates, Tropha aims to source from over 1,000 macadamia farmers by 2026, improving these farmers’ access to a profitable value chain and developing local emergent farmers into SME agriculture businesses. The funding will also provide up to 100 hectares of year-round irrigation to local smallholder farmers to grow cash crops, such as chillies, and food crops.

SDU role

AgDevCo’s SDU is strengthening Tropha’s outgrower schemes for chili, paprika and macadamia nuts, and installing database software to manage this expansion. The software captures productivity, sales and farmer training data and is improving product traceability and internal auditing. With more accurate commercial information to hand, opportunities are being explored with microfinance institutions to provide financial services to farmers. The SDU team is also providing specialist support in integrated pest management, GLOBALG.A.P. traceability and certification, with the aim of opening up additional export markets.

Smart investment and support
Scaling up
In 2008, the nursery at Jacoma – Tropha was a simple operation, propagating coffee and macadamia seedlings. Since AgDevCo’s investment, new technical skills have enabled the nursery to scale up significantly and it now stocks 100,000 trees to supply smallholder farmers.

Our investments in Malawi

Investment Total invested Investment type Start date
Afri-Oils $1,500,000 Debt / Equity & Technical assistance 2016
Farmers World Limited (FWL) - Technical assistance 2019
Jacoma – Tropha $6,100,000 Debt / Equity & Technical assistance 2014
Kapani $2,070,000 Debt / Equity 2017
Phata Sugar Cooperative $1,600,000 Debt / Equity 2016