Please note: you are viewing an old version of this deal. The current version can be found here: Deal #2402

Deal #2402 Version #58146

Zambia

Created at

2013-02-15

Last update

2014-07-03

Last full update

2022-02-18

Land area

Size under contract (leased or purchased area)

[1993] 16500.0 ha
[2009] 26300.0 ha
[2012, current] 26700.0 ha

Size in operation (production)

[2012, current] 16000.0 ha

Comment on land area

the original plantation was established in the 1970s but the area was expanded continuously. In 2009 Zambia Sugar acquired Nanga Farms from ZamBeef. In 2012 Zambia Sugar obtained Magobbo.

Intention of investment

[current] Biomass for biofuels, Food crops, Renewable energy unspecified

Comment on intention of investment

Residues from the plantation are used for cattle feed and to power the processing plants that process the cane into various products. The company is looking into production of ethanol.

Nature of the deal

Outright purchase

Negotiation status

[2001, current] Concluded (Contract signed)

Comment on negotiation status

Illovo gained a share in Zambia Sugar in 2001

Implementation status

[1970, current] In operation (production)

Comment on implementation status

Started under CDC in the 1970s.

Contract farming

Yes

Not on leased / purchased (out-grower)

Yes

Not on leased area/farmers/households (out-grower)

[current] 160