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UK-based impact investor AgDevCo has finalised a $10 million mezzanine debt investment into Dowson, a producer of macadamias and avocados based in Sussundenga, Mozambique. Dowson was established in 2012 by a group of South African farmers who recognised the ideal growing conditions in central Mozambique. To date, Dowson has planted 270 hectares of macadamias and 174 hectares of avocados under irrigation. AgDevCo's investment will enable Dowson to expand production to 1,000 ha over the next five years. Kirk Lynch, senior investment manager and project lead at AgDevCo, said: "We are pleased to be partnering with Dowson to make this major investment in the Mozambique macadamia and avocado industry, which will help open new export markets. We have been impressed by Dowson's management and the use of technology to optimise productivity on the farms. The expansion will drive rural job creation and skills development." Jack Brotherton, co-founder and CEO of Dowson, said: "We are grateful to be concluding the AgDevCo financing. The structured financing allows Dowson to achieve its expansion goals in both macadamias as well as avocados, whilst allowing for the trees to mature before any debt servicing is required. We are looking forward to a long and mutually beneficial relationship with AgDevCo."