Sasumua Holdings Limited

Commercial farm, specialising in irrigated horticulture, principally bananas, as well as dryland pineapples and beef.

Investment information

$2,340,000
Committed investment
Primary production
Primary value chain focus
Committed investment
Primary value chain focus

Expected impact

115
Jobs created / maintained
43%
Jobs created / maintained for women
$150,000
Total annual income for employees
Jobs created / maintained
Jobs created / maintained for women
Total annual income for employees

Our role

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.

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