Deal #4384
Malawi
Created at
2014-06-05
Last update
2022-09-28
Last full update
2022-09-28
Land area
Intended size
3 434 ha
Size under contract (leased or purchased area)
- [current] 434 ha
Size in operation (production)
- [2019, current] 284 ha
Comment on land area
According to the new owner, it purchased 280ha of fully drip-irrigated farmland planted with mangoes, 4ha greenhouse nursery and a greenfield site with access to around 1,700ha.
Matumba Farm (5 nursery sheds for mango, 16 nursery sheds for banana, and fully planted out with: 48 ha of banana and 20 ha of mangoes; and, 40ha set-aside for biodiversity purpose) and Dzuwa (300 ha, planting planned 156 ha of banana and 36 ha of mangoes, with 90 ha set-aside for biodiversity purpose – planting to commence at the beginning of June 2014). The processing plant is situated on 8 hectares of land. The acquisition of the 3000 hectares Nyu Nyu farm is currently under discussion with the Government.
Intention of investment
Intention of investment
- [current] Food crops
Comment on intention of investment
it produces mango and banana puree and fresh fruit
Nature of the deal
Nature of the deal
Lease
Negotiation status
Negotiation status
- [2009, current] Concluded (Contract signed)
Comment on negotiation status
The company was founded in 2009 by a pair of British entrepreneurs, Jonathan Jacobs and Craig Hardie.
Implementation status
Implementation status
- [2013, current] In operation (production)
Contract farming
Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
- [current] 5000
Comment on contract farming
Located within a 30kilometer radius of the processing facility.
The company buy fruit from small-scale farmers through so-called outgrower schemes