Africado is a pioneer of the avocado export industry in Tanzania.
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.
AgDevCo has supported Africado with TA for the implementation of integrated pest management (IPM) trials to identify ways to sustainably phase out/replace harmful chemicals in line with the business' economic goals and international requirements. Further TA support was provided to the business for capacity building and the development and implementation of 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.
Investment | Total invested | Start date |
---|---|---|
Africado | - | 2019 |
EFAfrica Group | $9,500,000 | 2015 |
Pee Pee Tanzania Limited (PPTL) | $2,500,000 | 2020 |