Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1839

Deal #1839 Version #55777

Tanzania

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Created at

2013-02-15

Last update

2019-04-11

Last full update

2024-05-27

Overall comment

Former government farm- belonging to Korea Tanzania Company (KOTACO) and then to RUBADA. KPL has received considerable financial and technical support from various development institutions including the UK Department for International Development (DfID), USAID, Norfund and the Norwegian Development Bank, as well as Capricorn Investment Group of the US. The plantations are for sale after defaulting on several loans (US$20m loan from the US Overseas Private Investment Corporation (OPIC) and US$5.6m loan from Tanzania’s National Microfinance Bank).