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