Greenfield avocado and litchi farm hub that aims to transform Mozambique into a recognised fruit-exporting country.
AgDevCo has partnered with Westfalia South Africa to create a farm hub that will transform Mozambique into a fruit-exporting country. A 25% equity stake was taken by AgDevCo to finance land clearance and avocado orchard planting. A loan was also committed to purchase farming equipment and for working capital purposes. AgDevCo is also playing a pivotal role in the design and implementation of the outgrower scheme.
AgDevCo’s support has helped local farmers to be among the first Mozambican exporters to the EU market. By selling to the EU through Westfalia, farmers are earning nearly three times more than they would by selling avocados locally. Earnings from litchi exports are being invested in irrigation, which is increasing revenues further.
| Investment | Total invested | Investment type | Start date |
|---|---|---|---|
| Dawson | - | Debt / Equity | 2022 |
| ECA | $3,330,000 | Debt / Equity & Technical assistance | 2011 |
| Quinta da Bela Vista Limitada (QBV) | $4,500,000 | Debt / Equity | 2021 |
| Transurban | $4,150,000 | Debt / Equity & Technical assistance | 2018 |
| Westfalia Fruto | $6,615,000 | Debt / Equity & Technical assistance | 2014 |