Deal #3356

Kenya
Created at
2013-03-18
Last update
2019-05-02
Last full update
2019-05-02

Land area

Intended size
3 800 ha
Size under contract (leased or purchased area)
  • [2012, current] 3800.0 ha
Size in operation (production)
  • [2012, current] 3800.0 ha
Comment on land area
3800 nucleus farm

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Food crops, Renewable energy unspecified

Nature of the deal

Nature of the deal
Outright purchase
Comment on nature of the deal
Ownership

Negotiation status

Negotiation status
  • [1971, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [1971] In operation (production)
  • [2017] Startup phase (no production)
  • [2017, current] In operation (production)
Comment on implementation status
Company received Sh500 million bailout in 2015. In 2017- production was stopped due to mismanagement, repairs and maintenance. The operations were started again in November 2017. Expecting full production again by 2019.

Contract farming

Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
  • [current] 64000.0 ha
Comment on contract farming
64000ha outgrowers (approx 66000 small farmers). Farmers faced delayed payouts in 2017.