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Deal #1839 Version #55779

Tanzania
Created at
2013-02-15
Last update
2019-12-04
Last full update
2024-05-27

Overall comment

Overall comment
Former government farm- belonging to Korea Tanzania Company (KOTACO) and then to RUBADA. In July 2010, Agrica, was granted Strategic Investor Status by the Tanzanian government. The Strategic Incentives include exemptions from taxes and duties on fuel and imported equipment, including Agrica’s biomass plant and irrigation system. The plantations are for sale (2019) 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).