Deal #3840 | Version 86878 | Version 92396 |
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General info | ||
Comment on land area | NCCLβs 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. | NCCLβs 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.
The company's assets consists of five estates on 5,866 hectares of land in northern Zambia's Kasama district. Approximately 1,580 hectares on three of these estates were previously cultivated for coffee production with dams, canals and reservoirs for irrigation.
Coffee plantations continue to expand (hectares under production). |
Comment on intention of investment | Produces Coffee | Produces Coffee,Maize and Sunflower. |
Carbon offset project | No | |
Negotiation status |
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Comment on negotiation status | 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. | 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.
Northern Coffee Corp was acquired by OLAM International for $6.2M on Sep 19, 2012. |
Employment | ||
Comment on jobs created (total) | The estate, which would employ about 3,000 people during harvest time was expected to yield about 4, 500 tons of Arabica coffee beans by the company's financial year 2021 at steady-state, while the first 300 hectares are expected to be planted in financial year 2013. | |
Investor info | ||
Actors involved in the negotiation / admission process |
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Comment on investment chain | Northern Coffee Corp was acquired by OLAM International for $6.2M on Sep 19, 2012
lam InterThe Singaporean firm is expected to inject a further 40 million dollars as capital expenditure and preoperative expenditure to fully develop 2,000 hectares of the Arabica coffee plantation over the next five yearsnational Limited of Singapore has acquired 100% equity interest in Northern Coffee Corporation Ltd | |
Local communities / indigenous peoples | ||
Promised benefits for local communities | Health, Education, Capacity building | |
Comment on promised benefits for local communities | Northern Coffee Corporation Limited also supports and trains pupils in agricultural studies especially in the area of coffee farming
The company supplements the Governmentβs efforts in providing quality health services by supporting the health centre with transport and logistics during outreach programme
The Government for send health worker to the institution, to help those who cant access the clinics due to long distance
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Former use | ||
Produce info | ||
Crops area/yield/export |
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Comment on crops | During harvest time was expected to yield about 4, 500 tons of Arabica coffee beans by the company's financial year 2021 at steady-state, while the first 300 hectares are expected to be planted in financial year 2013. | |
Water | ||
Gender-related info | ||
Overall comment | ||
Overall comment | Coffee plantations continue to expand (hectares under production). | Coffee plantations continue to expand (hectares under production).
Northern Coffee Corporation Ltd, is the the largest coffee estate in Zambia, for approximately US$6.15 million through a bidding process organised by the Zambia Development Authority |
Meta | ||
Fully updated | No | Yes |
Locations | ||
Location #ZUD_CiRJ | ||
Comment | 5 different estates in Northern Province- Isanya Estates
7KM FROM MBALA TOWN
Farm 33 | 5 different estates in Northern Province- Isanya Estates
7KM FROM MBALA TOWN
Farm 33
Located in Kasama, Zambia |
Location #KgiEMHcq | ||
Description | , 27KM FROM KASAMA ALONG MBALA RD, Farm 4133 | 27KM FROM KASAMA ALONG MBALA RD, Farm 4133 |
Comment | Located in Kateshi Estate | Located in Kateshi Estate,Mbala, Zambia |
Location #b2WI3tyJ | ||
Comment | 917KM FROM LUSAKA ON MBALA RD, Farm 4127 | 917KM FROM LUSAKA ON MBALA RD, Farm 4127
Located in Mungwi, Zambia |
Data sources | ||
Data source #gTi4OeO4 | ||
Organisation | Olam international | |
Data source #lpdeAyK_ | ||
Organisation | Zambian agribusiness | |
Comment on data source | Zambian agribusiness | |
Data source #iYuCo4m0 | ||
Publication title | Lusaka Times -- ZDA sells Northern Coffee to Olam International for US$6.15M | ZDA sells Northern Coffee to Olam International for US$6.15M |
Organisation | LUSAKA TIMES | |
Data source #ECCnSeD- | ||
Name | Xinhua | |
Data source #7ZbRfeH5 | ||
File | ||
Organisation | straits times | |
Data source #ylk_m0ve | ||
Url | ||
Organisation | Olam group | |
Comment on data source | Olam | URL link no longer available:
http://49tmko49h46b4e0czy3rlqaye1b.wpengine.netdna-cdn.com/wp-content/uploads/2014/10/Olam-Annual-Report-2014.pdf |
Data source #oLgf4Pn9 | ||
Name | olam group | |
Data source #kspb0HoB | ||
File | ||
Type | Media report | |
Url | ||
Keep PDF not public | No | |
Publication title | Crunchbase Company Profile & Funding | |
Date | 2023 | |
Organisation | crunch base | |
Data source #XR0xkx9m | ||
Type | Media report | |
Url | ||
Keep PDF not public | No | |
Publication title | Northern Province: Zambiaβs leading coffee producer | |
Date | 2022-09-07 | |
Organisation | trade mark africa | |
Contracts |