Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3024

Deal #3024 Version #58354

Mozambique
Created at
2013-02-15
Last update
2019-03-07
Last full update
2022-07-25

Land area

Intended size
16 000 ha
Size under contract (leased or purchased area)
  • [2008, current] 2500.0 ha
Size in operation (production)
  • [current] 1500.0 ha
Comment on land area
Grain states 3000ha. Rift Valley website states total land holding of 16 000 ha and first phase of 2500 ha. It is understood that the 16000 is the total intended size and current size under contract is 2500 ha.

Intention of investment

Intention of investment
  • [current] Food crops

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2008, current] Concluded (Contract signed)
Comment on negotiation status
Total investment in the project will be US$7.7million.

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
"farm has been impacted by the onset of Panama Disease since 2014. Current measures to both contain the disease and introduce disease resistant banana varieties are underway in order to maintain productivity." In March 2018 Norfund exits project. It is not yet clear whether the project will continue. It may continue but produce other crops due to destruction of banana crop by Panama Disease.

Contract farming

Contract farming
No