Deal #1215

Location #1

Spatial accuracy level
Administrative region
Location
Anno, Ethiopia

Target country
Ethiopia

Land area

Intended size (in ha)
4000
Size under contract (leased or purchased area, in ha)
[2010] 4000
Comment on land area
Is most likely expanding

Intention of investment

Intention of investment
Food crops
Comment on intention of investment
The company also has a number of small scale flower operations

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2009] Concluded (Contract signed)

Implementation status

Implementation status
[2012] Startup phase (no production)

Operating company

Operating company
Comment on investment chain
Neha International's other subsidiary, Globeagro Holdings, Mauritius, has stakes in two floriculture companies namely Holetta Roses Flowers Plc and OromiaWonders Plc. all located in Ethiopia. During the fiscal year ended June 30, 2010 (fiscal 2010), the Company had incorporated two 100% wholly owned subsidiary companies, Neha Agricorp PTE Ltd and Neha Agri Services PTE Ltd in Singapore. During fiscal 2010, the Company had also acquired NINTAgri Plc through the Singapore based company NehaAgricorp PTE Ltd. NINTAgri Plc is having 10,000 acres of land in hand at Ethiopia.

 

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Data source #1

Data source type
Media report
File
Date
2010-11-23
Comment on data source
Farmland Grab- Neha International to acquire 50% in Ethiopia based Oromia Wonders

Data source #2

Data source type
Company sources
File
Comment on data source
Company website

Data source #3

Data source type
Company sources
File
Comment on data source
Annual report 2013-2014

Detailed crop, animal and mineral information

Crops area
Rice

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Rice mill planned to be build

Water extraction envisaged

Water extraction envisaged
Yes

Overall comment

Overall comment
Import of error check - Coordinator's overview comment: 0

March 18, 2016, 9:32 a.m.

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Aug. 14, 2013, 12:28 p.m.

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April 22, 2013, 12:03 a.m.

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March 10, 2013, 9:26 a.m.

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Feb. 15, 2013, 5:01 p.m.

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