AgDevCo expands portfolio with $10mn investment in Dowson Limitada​

AgDevCo, a UK-based impact investor, has made a USD 10mn mezzanine debt investment in Dowson Limitada, a primary agriculture producer in Mozambique. Dowson specialises in macadamias and avocados and plans to expand its production from 270 ha to 1,000 ha over the next five years. ​

AgDevCo’s investment will help the company enter new export markets, create rural jobs and develop skills. ​The financing structure allows Dowson to achieve its expansion goals without immediate debt servicing. ​

The impact investor focuses on African agriculture and has a current portfolio of $183m invested in 41 companies. ​