Deal #4394
Zambia
Created at
2014-07-04
Last update
2023-03-24
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] 1815 ha
- [2021, current] 2559 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. The satellite imagery shows a land size of 2559 ha.
Intention of investment
Intention of investment
- [2004, current] Food crops (2549.8 ha)
Comment on intention of investment
Production of food crops(soya beans, wheat and maize)
Nature of the deal
Nature of the deal
Lease
Negotiation status
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
Implementation status
- [2004, current] In operation (production)
Contract farming
Contract farming
No