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