Women farmers harvesting tomatoes in Zimbabwe
Zimbabwe · Blended Finance · Impact Investment

Mutoko Tomato
Processing
& Clean Energy

A climate-smart, gender-transformative agribusiness investment in Zimbabwe. 15,000 MT/year processing capacity. 100% solar powered. 65% women workforce.

65%
Women Workforce
100%
Solar Powered
850 tCO₂e
CO₂ Avoided/yr
Key Metrics

The Numbers That Matter

$0.0M
Total Capital
Blended Finance Structure
0 MT
Annual Capacity
Tomato Processing / Year
0%
Women Workforce
Gender-Transformative Model
0%
Solar Powered
850 tCO₂e Avoided / Year
0+
Smallholder Farmers
70% Women Farmers
0%
Equity IRR
25–32% Range
Project Overview

Transforming Zimbabwe's
Tomato Value Chain

The Mutoko Tomato Processing & Clean Energy Project is a USD 4.5M blended finance investment that will establish a state-of-the-art tomato processing facility in Mashonaland East, Zimbabwe. The facility will process 15,000 MT of tomatoes annually into paste, puree, and canned products for domestic and regional markets.

Powered entirely by a 100% solar microgrid, the project eliminates 850 tCO₂e annually while integrating over 500 smallholder farmers — 70% of them women — into a formal, climate-resilient supply chain with guaranteed off-take agreements that eliminate 40% post-harvest losses.

Location
Mutoko District, Mashonaland East, Zimbabwe
Capacity
15,000 MT/year tomato processing
Financial Close
Q1 2027 (Target)
Payback Period
4.2 years · DSCR 2.1×
Solar-powered tomato processing facility in Zimbabwe
100% Solar Powered
State-of-the-Art Processing Facility
Afroglobal Trade Ltd
Why This Matters
"Zimbabwe loses 40% of its tomato harvest annually to post-harvest spoilage. This project ends that cycle — permanently."

The Mutoko district produces over 25,000 MT of tomatoes annually, yet lacks any formal processing infrastructure. Farmers sell at distressed prices or watch their harvest rot. This project creates the missing link in Zimbabwe's food value chain.

The Ask
USD 450K Grant / TA

Smallholder capacity-building, irrigation upgrades, and GAP certification — sitting alongside a fully structured commercial capital stack of debt and equity.

DFI Framework Alignment
IFC Performance Standards
Full compliance with PS1–8 including labour, community health, biodiversity, and cultural heritage.
2X Challenge 2024
65% women workforce, 70% women farmers, and women in leadership — exceeding all 2X thresholds.
GRI 2021 & TCFD
Comprehensive ESG reporting framework with climate risk disclosure and Scope 1/2/3 accounting.
UN SDGs 1, 2, 5, 7, 8, 13
Direct contribution to six Sustainable Development Goals with IRIS+ aligned impact metrics.
AfDB ISS 2023
Aligned with African Development Bank's Integrated Safeguards System for African DFI eligibility.
UNIDO Feasibility Framework
Bankable feasibility study prepared to UNIDO standards with NPV/IRR and sensitivity analysis.
Zimbabwean woman farmer holding freshly harvested tomatoes
2X
Challenge
Aligned
Gender Impact

A Gender-
Transformative
Model

The Mutoko Project is designed from the ground up to advance women's economic empowerment. With 65% of the workforce being women and 70% of integrated smallholder farmers being women, this project exceeds all 2X Challenge thresholds and aligns fully with BMZ's Feminist Development Policy.

65%
Women in Workforce
70%
Women Farmers in Supply Chain
25%
Youth Employment
2X
Challenge Certified Model

Women farmers receive guaranteed off-take agreements, access to GAP training, and irrigation support — directly addressing the structural barriers that have historically excluded them from formal agricultural value chains.

Climate Resilience

Built for a
Climate-Changed
World

Every design decision in the Mutoko Project prioritises climate resilience — from the 100% solar microgrid to drought-resistant crop varieties and water-efficient processing. This is not just a processing facility; it is climate infrastructure.

100% Solar Microgrid

A dedicated solar power system eliminates dependence on Zimbabwe's unreliable grid, ensuring 24/7 processing operations.

850 tCO₂e/yr avoided

Energy Independence

Battery storage ensures uninterrupted operations during low-solar periods, protecting production schedules and farmer incomes.

Zero grid dependency

Water Efficiency

Closed-loop water recycling system reduces water consumption by 60% compared to conventional processing facilities.

60% water reduction

Climate Adaptation

Drought-resistant tomato varieties and drip irrigation support farmer resilience against increasing climate variability.

40% less water for farmers
SDG Alignment:
SDG 7
Clean Energy
SDG 13
Climate Action
SDG 2
Zero Hunger
SDG 12
Responsible Production
SDGs & Impact

Eight Sustainable Development
Goals in One Investment

The Mutoko Project directly advances eight UN SDGs with measurable, IRIS+-aligned impact metrics — delivering development outcomes that DFIs and impact investors can verify and report.

SDG 1
No Poverty

Guaranteed off-take agreements lift 500+ smallholder farming families above the poverty line through stable, predictable income.

500+ farming families
40% income increase
Formal market access
SDG 2
Zero Hunger

Processing 15,000 MT of tomatoes annually eliminates 40% post-harvest losses and strengthens Zimbabwe's domestic food security.

15,000 MT processed/year
40% waste eliminated
Food security uplift
SDG 5
Gender Equality

65% women workforce and 70% women farmers — exceeding all 2X Challenge thresholds and advancing BMZ Feminist Development Policy.

65% women workforce
70% women farmers
2X Challenge certified
SDG 7
Clean Energy

100% solar microgrid with battery storage eliminates grid dependence and delivers affordable, reliable energy to the processing facility.

100% solar powered
850 tCO₂e avoided/yr
Energy independence
SDG 8
Decent Work

200+ direct jobs created in Mutoko District with fair wages, GAP training, and safe working conditions aligned to ILO standards.

200+ direct jobs
GAP training provided
ILO-aligned conditions
SDG 13
Climate Action

Climate-resilient design, drought-resistant varieties, drip irrigation, and 850 tCO₂e annual carbon avoidance contribute to Zimbabwe's NDC targets.

850 tCO₂e/yr avoided
Drought-resistant crops
NDC contribution
SDG 9
Industry & Innovation

First formal tomato processing facility in Mutoko District creates critical agro-industrial infrastructure and catalyses regional value chain development.

First in Mutoko District
Regional supply chain
Agro-industrial hub
SDG 17
Partnerships

Blended finance structure uniting DFIs, impact investors, and private capital in a single, co-ordinated investment vehicle aligned to global development goals.

10 DFI institutions
Blended finance model
Multi-stakeholder
IRIS+ Aligned Impact Metrics
200+
Direct Jobs Created
Permanent positions
500+
Smallholder Farmers
Integrated into supply chain
65%
Women in Workforce
2X Challenge threshold
850
Carbon Avoided
tCO₂e per year
40%
Post-Harvest Loss Eliminated
Of annual tomato crop
15,000
Processing Capacity
MT tomatoes per year
IRIS+GRI 2021TCFDIFC PS1–82X Challenge 2024AfDB ISS 2023UNIDO Feasibility Framework
ESG Framework

ESG Is Not a Compliance
Exercise — It's Our Thesis

Every project evaluated against internationally recognised ESG and UN Sustainable Development Goal frameworks. Environmental stewardship, social impact, and governance excellence are central to how we invest.

Environmental
Environmental Stewardship

Clean energy transition and climate-resilient design. 100% solar microgrid eliminates 850 tCO₂e annually. Closed-loop water recycling reduces consumption by 60%.

850 tCO₂e avoided per year
100% renewable energy
60% water reduction
Zero grid dependence
Social
Social Impact

Job creation, community development and equitable access to services. 65% women workforce, 500+ smallholder farmers integrated into a formal value chain.

500+ farmers integrated
65% women workforce
GAP training & certification
Guaranteed off-take prices
Governance
Governance Excellence

Transparency, anti-corruption and regulatory compliance. Full alignment with IFC Performance Standards, Equator Principles, and OECD Guidelines.

IFC PS1–8 compliant
Equator Principles
OECD Guidelines
IFRS financial reporting
Governance Principles
Government Backed Projects
Priority given to projects backed by governments and treasury, ensuring sovereign mandate alignment.
Regulatory Compliance
Full compliance with established regulatory frameworks of each sovereign state in which we operate.
Transparent Engagement
Transparent stakeholder engagement and anti-corruption protocols across all project phases.
International Best Practices
Alignment with IFC Performance Standards, Equator Principles, and OECD Guidelines.
Green Economy Approach

Championing Africa's Transition to a Green, Circular Economy

Africa's Green Economy Summit (February 2026) called for a decisive shift toward circular economy principles and scaled-up green investment. AIB Corp Ltd is at the forefront of this transition, structuring projects that align with the Continental Circular Economy Action Plan for Africa (ACEF).

$190B
Annually — estimated renewable energy investment requirement in Africa alone
Clean Energy Transition
Educating and engaging emerging markets on transitioning from fossil fuels to sustainable energy, aligning with the Global Net Zero agenda.
Circular Infrastructure Design
Promoting waste-to-energy, water recycling, and resource-efficient construction across all project sectors.
Climate-Resilient Development
Ensuring infrastructure withstands climate impacts while minimising environmental footprint.
Blended Green Finance
Structuring climate finance instruments that combine concessional capital with private investment to accelerate the green transition.
Community Empowerment

Empowering Rural Communities
From Poverty to Prosperity

The Mutoko Project is designed from the ground up to create lasting, measurable change in the lives of rural women, youth, and smallholder farming families — transforming subsistence agriculture into a pathway out of poverty.

500+
Smallholder Families
Lifted from subsistence farming
200+
Direct Jobs
In Mutoko District
70%
Women Farmers
In formal supply chain
40%
Income Increase
Through guaranteed off-take
18–35
Youth Priority
Age range for job placement
3,000+
Indirect Beneficiaries
Families in Mutoko District
Gender Empowerment
70%
Women Farmers
Women-Led Supply Chain

70% of integrated smallholder farmers are women, receiving guaranteed off-take agreements that provide stable, predictable income — directly addressing the structural barriers that have historically excluded women from formal agricultural value chains.

65%
Women Workforce
Economic Empowerment

65% of the processing facility workforce are women, with equal pay, safe working conditions, and pathways to supervisory and management roles — exceeding all 2X Challenge thresholds for gender-lens investing.

500+
Farmers Trained
Skills & Training

All integrated farmers receive Good Agricultural Practices (GAP) certification, irrigation training, and post-harvest handling skills — building human capital that outlasts the project and benefits the wider community.

2X
2X Challenge 2024 Certified Model
This project exceeds all 2X Challenge thresholds: 65% women workforce, 70% women farmers, and women in leadership positions — qualifying for gender-lens investment capital from BMZ, IFC, and affiliated DFIs.
Youth Empowerment
Youth Employment

Priority hiring for youth aged 18–35 in processing, logistics, and quality control roles — creating first formal employment opportunities in a district with high youth unemployment.

Vocational Training

On-the-job technical training in food processing, solar system maintenance, and supply chain management — building skills transferable across Zimbabwe's growing agro-industrial sector.

Entrepreneurship Pathways

Young farmers receive business development support, access to micro-finance, and mentorship to establish independent agribusiness enterprises within the project's supply chain ecosystem.

From Poverty — The Transformation
Household Income
Before
Subsistence-level income, distressed tomato prices
After
Guaranteed off-take at 40% above market price
+40% income
Food Security
Before
40% post-harvest loss, seasonal food insecurity
After
Year-round processing, stable food supply
40% waste eliminated
Market Access
Before
Informal roadside markets, price volatility
After
Formal supply chain, domestic & regional markets
Formal market entry
Human Capital
Before
Limited agricultural training, traditional methods
After
GAP certification, irrigation & processing skills
Certified skills
Investment Structure

A Bankable
Blended Finance
Structure

The capital stack is designed to de-risk the investment for commercial investors through concessional first-loss capital from development finance institutions, while delivering market-rate returns for equity investors.

Capital Stack — USD 4.5M Total
Grant / Technical Assistance
GIZ · USAID Zimbabwe
$450K
10%
Smallholder capacity-building, irrigation, GAP certification
Concessional Debt
IFC · AfDB · FMO · DBSA
$1.35M
30%
Below-market rate financing for climate-smart infrastructure
Senior Debt
AFREXIM Bank
$1.35M
30%
Commercial debt facility for processing equipment
Equity
Norfund · AgDevCo · Phatisa
$1.35M
30%
Impact equity with 25–32% IRR target
Financial Highlights
$4.5M
Total Capital
25–32%
Equity IRR
2.1×
DSCR
4.2 yrs
Payback Period
$3.2M
NPV (10%)
Q1 2027
Financial Close
IFRS Compliance

The financial model is fully IFRS-compliant (IAS 1, 7, 16) with DSCR covenant testing across 6 scenarios, benchmarked against World Bank and FAO CapEx standards.

IAS 1IAS 7IAS 16DSCR ≥1.20×6 Scenarios
Use of Funds

How Every Dollar of the
$4.5M Is Deployed

A fully itemised capital allocation across six categories — each justified by independent cost estimates and aligned to a specific funding source within the blended finance structure.

Capital Allocation — Donut View
Processing Facility
40%
Processing Equipment
30%
Solar Microgrid
15%
Smallholder Integration
10%
Working Capital
3%
Development & Advisory
2%
Total$4,500,000
Capital Allocation — Bar View (USD)
$0K$450K$900K$1350K$1800KProcessingEquipmentSolarSmallholdersWorkingCapitalDev &Advisory$1800K$1350K$675K$450K$135K$90K
Capital Allocation Summary
Category
Amount (USD)
%
Funding Source
Total Capital Required
$4,500,000
100%
Blended Finance Structure
$450K
10% — Grant / Technical Assistance

GIZ / USAID / BMZ — smallholder capacity building, irrigation, GAP

$675K
15% — Concessional Debt

GIZ / KfW / AfDB — solar microgrid at below-market interest rates

$2250K
50% — Senior Debt

Commercial DFI debt — processing facility and equipment

$1125K
25% — Equity

Sponsor equity + impact investor — working capital and dev costs

Click any category row above to expand the full line-item breakdown and cost justification.

Funding Roadmap

5-Stage Path to
Financial Close

01

Institutional Readiness

CompleteCompleted

Full DFI-grade document suite: Investment Memorandum, Business Plan, Feasibility Study, ESG Framework, Financial Model, and Project Teaser.

34-page Investment Memorandum15-sheet Financial ModelESG Framework (IFC PS1-8)UNIDO Feasibility Study
02

Market Engagement & Teaser Distribution

In ProgressQ2 2026

Outreach to 11 target DFI institutions with tailored pitch materials. Setting up secure data room and obtaining priority documents.

GIZ · USAID · IFC · AfDBFMO · DBSA · AFREXIMNorfund · AgDevCo · PhatisaSecure Data Room Setup
03

Non-Binding Term Sheets

PendingQ3 2026

Receive expressions of interest and non-binding term sheets from at least 3 anchor investors across grant, debt, and equity tranches.

LOIs from 3+ DFIsOff-taker AgreementsEquipment QuotesLand Title Documentation
04

Institutional Due Diligence

PendingQ4 2026

Full institutional due diligence process with lead DFI, including site visits, management meetings, and legal documentation.

Site Visit & AssessmentLegal DocumentationEnvironmental & Social ReviewFinancial Model Audit
05

Financial Close & Disbursement

PendingQ1 2027

Achieve financial close with all capital tranches committed. Begin construction and equipment procurement.

All Capital CommittedConstruction StartEquipment ProcurementOperations: Q4 2027
Project Sponsors

The Teams Behind
This Investment

Two specialist organisations — one driving climate-smart agribusiness in Zimbabwe, the other structuring bankable infrastructure investment across Africa.

Afroglobal Trade Ltd
Afroglobal Trade Ltd
Project Sponsor

A Zimbabwe and United Kingdom-based agribusiness development company specialising in climate-smart food value chain investment, blended finance structuring, and gender-transformative agricultural projects across Sub-Saharan Africa.

Lead Project Sponsor
Core Competencies
Climate-Smart Agribusiness
Blended Finance Structuring
Smallholder Integration
Gender-Transformative Investment
Food Value Chain Development
Impact Measurement & Reporting
Role in This Project
Project Developer
Concept to Financial Close
Land & Permits
Mutoko District, Zimbabwe
Off-take Anchor
Domestic & Regional Markets
AIB Corp Ltd
AIB Corp Ltd
Co-Sponsor & Advisor

African Infrastructure Building Corporation Limited — a London-based Pan-African infrastructure advisory firm bridging projects to capital across nine priority sectors.

"Your trusted advisory partner — from concept to bankable project to successful completion."

71–75 Shelton Street, Covent Garden, London WC2H 9JQ, UK
www.aibcorpltd.com
+44 20336030680
Co-Sponsor & Structuring Advisor
Four Strategic Advantages
01
Direct Funding Pipelines
Established relationships with DFIs, institutional investors and private equity funds actively seeking African infrastructure exposure.
02
Bankability Expertise
Deep understanding of capital market standards — we package projects to attract equity, debt and hybrid investment on optimal terms.
03
End-to-End Capability
From appraisal and structuring through SPV formation, EPC procurement and compliance monitoring — a single, accountable advisory partner.
04
Sovereign Alignment
We prioritise government-backed and treasury-supported projects, ensuring alignment with national development plans and SDG targets.
Services
Advisory Services
Project Structuring
EPC Solutions
Finance Mobilisation
SPV Formation
Bankability Assessment
Partners & Institutions

Project Sponsors &
Target Investors

Target DFI & Impact Investors (10 Institutions)
Grant / TA
Concessional Debt
Senior Debt
Equity
GIZ
Grant / TA
Germany
USAID Zimbabwe
Grant / TA
USA
IFC
Concessional Debt
World Bank Group
AfDB
Concessional Debt
Africa
FMO
Concessional Debt
Netherlands
DBSA
Concessional Debt
South Africa
AFREXIM
Senior Debt
Africa
Norfund
Equity
Norway
AgDevCo
Equity
UK
Phatisa
Equity
Africa
Get In Touch

Request a
Briefing Pack

We are currently in Stage 2 of our funding roadmap — actively engaging DFI institutions and impact investors. Request a full briefing pack including our Investment Memorandum, Financial Model, and ESG Framework.

Available Documents
Investment Memorandum
Business Plan
Bankable Feasibility Study
Financial Model Dashboard
ESG Framework
Project Teaser

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