Africado

Africado is a pioneer of the avocado export industry in Tanzania.

Investment information

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Committed investment
Primary production with added-value activity
Primary value chain focus
Committed investment
Primary value chain focus

Expected impact

800
Jobs created / maintained
2,215
Smallholder farmers linked to market
$268,000
Total annual income for smallholders
Jobs created / maintained
Smallholder farmers linked to market
Total annual income for smallholders

Our role

AgDevCo’s investment will allow Africado to grow its avocado estate operations, expand the outgrower scheme and increase its pack-shed capacity to accommodate higher production from its own estate and from outgrowers. Thus, strengthening a sustainable business which provides economic benefit to the local community in terms of employment, access to market and income uplift for smallholder farmers and nationally by increasing export earnings.

Our investments in Tanzania

Investment Total invested Investment type Start date
Africado - Debt / Equity & Technical assistance2019
East Africa Fruits Farm & Company Limited $400,000Debt / Equity2015
Equity For Tanzania Limited (EFTA) $5,000,000Debt / Equity2015
Kingchick Poultry $255,000Debt / Equity2017
Lungu Limited $320,000Debt / Equity2013
Pee Pee Tanzania Limited (PPTL) $5,000,000Debt / Equity2020
Sasumua Holdings Limited $2,340,000Debt / Equity2012
Suma Hydro Power Project $2,505,000Debt / Equity2016