Investment by African Agricultural Capital
Africado was established in 2007. It produces Hass avocados in West Kilimanjaro in Northern Tanzania for export to the EU. Our investment financed Africado’s start-up and first two years of operations.
In 2009, Africado successfully raised additional capital from the Norwegian Development Finance Institution, NorFund. This investment enabled the business to complete the development of its 110 hectare nucleus plantation and its packhouse. Africado has also established an outgrower scheme which will benefit 3-4,000 small scale farmers covering a total of at least 200 hectares.