Rungwe Avocado Company (RAC)

Commercial avocado export business, engaging over 3,500 smallholders as part of its outgrower network.

Investment information

$2,130,000
Committed investment
$2,130,000
Investment made
Primary production with added-value activity
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

$100,000
Total annual income for employees
3,600
Smallholder farmers linked to market
$830,000

Total annual income for smallholders

Total annual income for employees
Smallholder farmers linked to market

Total annual income for smallholders

Our role

AgDevCo’s investment has funded the installation of 100 ha of micro-jet irrigation on the commercial farm and the continued support of the outgrower scheme. The funding has also enabled further development of the cold storage supply chain and distribution channels to facilitate access to export markets.

SDU role

RAC’s goal is for 75% of its avocados to meet export quality standards. This will open up access for around 4,200 smallholder farmers to a premium-priced market that will elevate their incomes considerably. AgDevCo’s SDU team is working with RAC to improve avocado quality and yields by supporting new software technology to manage traceability requirements, providing extension services, and running comprehensive training in new cultivation, harvesting and packing techniques.

Our investments in Tanzania

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