Development finance institution CDC Group and Africa-focused agriculture social impact investor and project developer AgDevCo have invested US$11.5 million in Malawi-based agriculture developer Jacoma Estates. CDC will invest US$8 million in equity and AgDevCo will provide US$3.5 million structured as debt and preferred shares. Jacoma plans to use the funds to expand its farming operations in northern Malawi and to provide up to 100 hectares of irrigation to local smallholder farmers. The investment will be accompanied by a technical assistance grant to support the strengthening of the company’s environmental and social practices.