Tanzania avocado producer Africado receives US$2.8m loan from Finnish fund

TANZANIA – Africado Limited, a Tanzanaian avocado producer, has secured US$2.8 million loan from Finnfund, a Finnish development finance company, to boost production. Africado Chief Executive Officer, James Parsons, said that the funding will enable the company to expand and develop its operations and diversify into other investments. “Finnfund’s funding of Africado has enabled Africado to pursue new investment opportunities. In expanding production areas and with the introduction of new avocado cultivars Africado will have a sustainable business to the economic benefit of the local community in terms of employment…

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