Horticulture makes a significant contribution to food security and nutrition. However, the market in Tanzania is still heavily reliant on imported produce. Masifio required funding to allow it to expand its horticultural business and diversify into mushroom production, to reduce the reliance on expensive and often poor quality mushrooms imported into Tanzania.
AgDevCo financed the capital expenditure and first year working capital costs associated with establishing the mushroom unit as part of Masifio’s broader horticulture operation. The investment has enabled Masifio to begin supplying the domestic market with fresh mushrooms, helping to reduce the need for imports.