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

Deal #1839 Version #55780

Tanzania

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Created at

2013-02-15

Last update

2020-03-19

Last full update

2024-05-27

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).