Evergreen Avocado Limited:

A new Kenyan avocado producer and exporter backed by Agris and Granot.

Investment information

$8,000,000
Committed investment
Primary production
Primary value chain focus
Committed investment
Primary value chain focus

Expected impact

190
Jobs created
70
Jobs created / maintained for women (No.)
$380,000
Total annual income for employees ($)
Jobs created
Jobs created / maintained for women (No.)
Total annual income for employees ($)

Our role

AgDevCo’s $8.0m mezzanine loan will support the development of a 390 hectare avocado research and production hub in Naivasha. As part of the project the company will invest in a 3 Ha R&D plot for irrigation, varieties, genetics and crop protection/IPM trials, and aims to share learnings from these trials with other avocado farmers in order to further develop the sector in Kenya. At its peak, the project will create employment for about 190 people on the farm.

AgDevCo has supported Evergreen with TA for capacity building and the development and implementation of a good practice aligned Environmental and Social Management System (ESMS) in line with AgDevCo’s Responsible Business Principles (RBPs) to work towards alignment with the IFC Performance Standards.

Our investments in Kenya

Investment Total invested Start date
Agris $7,000,0002024
Evergreen Avocado Limited $8,000,0002023
Sagana Nuts $1,200,0002021
Victory Farms Limited $4,000,0002021