Commercial farm, specialising in irrigated horticulture, principally bananas, as well as dryland pineapples and beef.
AgDevCo's investment is being used to develop a 660 ML dam on the existing estate to secure water for 100 ha of irrigated land. The investment is also funding capital expenditure required for in-field irrigation, which is enabling the scale-up of the farm’s banana and horticulture production. AgDevCo recognises Sasumua as a major employer in the region and continues to support its plans to expand the business and develop outgrower production as part of its business strategy.
| Investment | Total invested | Investment type | Start date |
|---|---|---|---|
| Africado | - | Debt / Equity & Technical assistance | 2019 |
| East Africa Fruits Farm & Company Limited | $400,000 | Debt / Equity | 2015 |
| Equity For Tanzania Limited (EFTA) | $5,000,000 | Debt / Equity | 2015 |
| Kingchick Poultry | $255,000 | Debt / Equity | 2017 |
| Lungu Limited | $320,000 | Debt / Equity | 2013 |
| Pee Pee Tanzania Limited (PPTL) | $5,000,000 | Debt / Equity | 2020 |
| Sasumua Holdings Limited | $2,340,000 | Debt / Equity | 2012 |
| Suma Hydro Power Project | $2,505,000 | Debt / Equity | 2016 |