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Deal #1839 Version #55781

Tanzania

Created at

2013-02-15

Last update

2020-06-04

Last full update

2024-05-27

Operating Company

Operating company

Name of investment project

Mngeta Farm

Comment on investment chain

Agrica started this project under the name InfEnergy. public-private partnership with Rufiji basin development authority (TZA); investment through the joint venture company Kilombero plantations LTD. RUBADA’s holding is to be reduced to five percent or less.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). 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.

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