Sasumua Holdings Limited

Commercial farm, specialising in irrigated horticulture, principally bananas, as well as dryland pineapples and beef.

Investment information

$2,340,000
Committed investment
$1,680,000
Investment made
Primary production
Primary value chain focus
Committed investment
Investment made
Primary value chain focus

Expected impact

115

Jobs created / maintained

43

Jobs created / maintained for women

$150,000
Total annual income for employees

Jobs created / maintained

Jobs created / maintained for women

Total annual income for employees

Our role

AgDevCo's investment is being used to develop a 660 ML dam on the existing estate to secure water for 100 ha of irrigated land. The investment is also funding capital expenditure required for in-field irrigation, which is enabling the scale-up of the farm’s banana and horticulture production. AgDevCo recognises Sasumua as a major employer in the region and continues to support its plans to expand the business and develop outgrower production as part of its business strategy.

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