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|