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Deal #1454 Version #53743

Madagascar
Created at
2013-02-15
Last update
2019-04-30
Last full update
2024-05-03

Land area

Intended size
100 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 6558.0 ha
Size in operation (production)
  • [2012] 2000.0 ha
  • [2014, current] 3500.0 ha
Comment on land area
Of the 6558 hectares, only 60% can be planted. One report states that 8000 hectares has been granted. Another report states 50 000ha current size under contract. 3000ha planted under corn.Essential oils (Cape Pelargonium) is planted on 30 ha.

Intention of investment

Intention of investment
  • [current] Food crops, Non-food agricultural commodities
Comment on intention of investment
The company began planting Jatropha, however has diversified due to the poor quality of the land. Oil seeds= Pelargonium (otherwise falsely known as ornamental by the name of "geranium."). The company now produces food crops (corn, soya and black eyed beans) and essential oils only (non-food agricultural commodities)-2017.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2012, current] Concluded (Contract signed)
Comment on negotiation status
The land was acquired in 2010, however the leasehold agreement was only signed in 2012. Tozzi is accused of starting cultivating several hectares of land in the Ihorombe area, although it had only received an exploratory license.

Implementation status

Implementation status
  • [2012, current] In operation (production)
Comment on implementation status
Tozzi is accused of starting cultivating several hectares of land in the Ihorombe area, although it had only received an exploratory license.

Leasing fees

Annual leasing fee
30 000
Malagasy Ariary
per ha
Comment on leasing fee
(About $US13-14 ha/year)