Please note: you are viewing an old version of this deal. The current version can be found here: Deal #4394

Deal #4394 Version #67391

Zambia

Created at

2014-07-04

Last update

2020-05-15

Last full update

2022-07-25

Land area

Size under contract (leased or purchased area)

[2004, current] 2549.8 ha

Size in operation (production)

[2019, current] 1815.0 ha

Comment on land area

Sinazongwe Farm is made up of three land parcels (title deeds) comprising a total land area of approximately 2,549.8 Ha. of which approximately 1,815 Ha is developed, arable land under irrigation.

Intention of investment

[current] Food crops

Nature of the deal

Lease

Negotiation status

[2004] Concluded (Contract signed)
[2020] Concluded (Change of ownership)
[2004, current] Concluded (Contract signed)

Comment on negotiation status

The farm previously owned by government was acquired by Zambeef in 2003 for approximately USD2.3m from the Zambian government. In May 2020, Zambeef announced that it has completed the sale of its Sinazongwe farm.

Implementation status