Sagana Nuts Limited (SNL) deals with macadamia nuts products processed using the finest selected macadamia raw materials.
AgDevCo’s $1.2m loan to Sagana Nuts Limited will fund the construction of a new factory and purchase of equipment that allows the company to increase its processing capacity from 2,000MT to 3,000MT. With the expansion, Sagana will be able to source nut-in-shell macadamia from an additional c. 1,000 smallholder farmers as well as increase volumes from the existing ones. The proposed investment will create about 100 new jobs.
| Investment | Total invested | Investment type | Start date |
|---|---|---|---|
| Agris | $7,000,000 | Debt / Equity | 2024 |
| East Africa Magical Farms | $8,600,000 | Debt / Equity | 2023 |
| Evergreen Avocado Limited | $8,000,000 | Debt / Equity & Technical assistance | 2023 |
| Hatch Africa | $6,500,000 | Debt / Equity | 2024 |
| Sagana Nuts | $1,200,000 | Debt / Equity | 2021 |
| Victory Farms Limited | $4,000,000 | Debt / Equity | 2021 |