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Avocado oil processing venture in Southern Tanzania
| Country | Tanzania |
|---|---|
| Sector | Agriculture & agribusiness |
| Technology Area | Regenerative agriculture, Climate-smart agriculture |
| Stage | Startup Enterprise |
| Total fund ask (in $USD Millions) | 1M - <5M |
| Security / preferred instruments | Straight equity, Mezzanine e.g. convertibles, Grant |
The project entails sourcing of avocado fruits from approx. 5,000 small-holder farmers in Southern Tanzania with a planned capacity of 8,000 tons per annum. The company will market its crude oil to European market via international avocado oil marketer that will off-take 100% of the produce at the market rates for a 3-5% as commission. An agreement with the marketer has already been reached in principle.