Avocado Projects in the Eastern Province of Rwanda  
Kayonza District, RW
Status: Open
Specific Agriculture
Avocado demand has grown rapidly in recent years, particularly in developed markets where the high nutritional content and taste of avocados is driving robust demand. The strong demand is well illustrated by import growth which has risen at 17% per annum over the last decade. In 2010, the total value of global avocado imports topped $1.6 billion. The European Union (EU) presents a highly attractive market for avocado imports, driven by strong demand, current supply gaps, and high season prices.

Advantages of Avocado Projects in the Eastern Province of Rwanda:
• Rwanda’s favorable climate would allow for year-round cultivation enabling Rwanda to take advantage of the higher prices offered in EU markets during the cold season.
• Rwanda’s cost structure for avocado packaging and export is lower than in other East African countries.

haves
  • - A business plan for this project is currently in place and the feasibility report highlights the key financials and capital requirements, projected returns, key risks and mitigation mechanisms, land acquisition, contract enforcement, and hidden costs. The report can be obtained from the Rwanda Development Board.
  • - Rwanda’s cost structure for avocado packaging and export is lower than in other East African countries.
  • - The opportunity to invest $3M into an avocado packaging and export business has a projected IRR of 35–40%, with net income of $1M by year five. A single investor could expect to export between 2,000-8,000 MT of avocados and earn ~$5–10M in revenue by year five.
wants
  • - This project can be fully conducted as a private initiative.
visions
  • - Establish Rwanda as an avocado exporting country. Main markets are in Europe.

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