Deal #3840 Version #64116

NCCL’s assets consist of five estates on 4380 hectares of land in the Northern Province of Zambia. Approximately 1,580 hectares on three of these estates were previously cultivated for coffee production with dams, canals and reservoirs for irrigation. One report states that 1200ha of coffee is planted in 2015, it is unclear how many hectares were under production for corn and sunflower. The company plans to extend coffee production to 2700ha.

Zambia's largest coffee estate. The estate is expected to yield approximately 4,500 metric tonnes of Arabica coffee beans by FY2021 at steady-state

NCCL was formed in March 2011 to take over the assets of Kasama Coffee Company, which had been in receivership since 2008. ZDA and the indebted banks had been shareholders of NCCL until this acquisition.

The farm was previously under operation in 2008 under Kasama Coffee Company-- (1173 ha in 2008, however the plantations were abandoned once the company was placed on receivership). In 2019 Olam has flagged NCCL as non-core asset and is looking divest this subsidiary.

A further US$40 million will be committed as capital expenditure and pre-operative expenditure to fully develop 2,000 hectares of Arabica coffee plantation over the next five years. The assets also include dry and wet processing facilities, warehouses, drip irrigation, employee housing and recreational centre, as well as a research centre. Data on purchase price from more than one unofficial data source.

Possible contract farming in addition to the company's own plantations.