Integrated Avocado Production Project
Project Description
PROJECT DESCRIPTION:
An integrated avocado production and packaging complex in Eswatini to engage in the production, sorting, packaging, storing and sale of 16,000t/year fresh avocados.
PROJECT LOCATION:
Luve, Manzini Region
LEAD AGENCY/ PROJECT PROMOTER:
ZZ2 Group
CURRENT STATUS/ STAGE OF PROJECT:
Assessing the adaptation of different cultivars for the local environment
ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE:
Sourcing finance for the project
AVAILABILITY OF PRE-FEASIBILITY STUDIES, FEASIBILITY STUDIES, AND OTHER STUDIES:
The pre-feasibility study has been completed
ESTIMATED COST OF THE PROJECT:
USD 27 million
INVESTMENT REQUIRED:
USD 18.9 million
PERIOD OF IMPLEMENTATION:
April 2024
REMARKS:
Being fully integrated, the project will likely enjoy higher profitability due to economies of scale, lower transaction costs and better product quality due to close monitoring at every stage of production, including at the smallholder farm level. The project will provide at least 180 direct jobs and collaborate with over 100 farmers as part of the outgrower scheme.
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Country
Eswatini
Location (s)
Manzini Region
Sector
Agriculture & Food Processing
Sub Sector
Agroprocessing
Investment Value Range
10-25 million USD
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