Deal #1839
Tanzania
Created at
2013-02-15
Last update
2024-05-27
Last full update
2024-05-27
Operating Company
Operating company
Actors involved in the negotiation / admission process
- Government of Tanzania Government / state institutions (government, ministries, departments, agencies etc.)
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. NORFUND owned 26.9% of Agrica. Norfund has now completely exited the company, and will not participate in attempts to establish new operations at the rice plantation.
In March 2009, the company, which is a subsidiary of Agrica Ltd., a British company registered in the tax haven of Guernsey, obtained loans from several financial sources
Network of parent companies and tertiary investors/lenders
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Legend
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