Please note: you are viewing an old version of this deal. The current version can be found here: Deal #4433

Deal #4433 Version #67627

Malawi
Created at
2014-08-14
Last update
2016-11-23
Last full update
2018-11-23

Land area

Intended size
6 159 ha
Size under contract (leased or purchased area)
  • [2006, current] 6159.0 ha
Size in operation (production)
  • [current] 6159.0 ha
Comment on land area
Illovo obtained the land from Lonrho Sugar (original contract signed in 1979).

Intention of investment

Intention of investment
  • [current] Food crops

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2006, current] Concluded (Contract signed)
Comment on negotiation status
In 1997 Illovo acquired Lonrho Sugar Corporation Limited, with sugar assets in Malawi, Swaziland, Mauritius and South Africa and in 2006 Associated British Foods plc, a company listed on the London Stock Exchange, acquired a 51 percent controlling stake in Illovo.

Implementation status

Implementation status
  • [2006, current] In operation (production)
Comment on implementation status
Originally in production in 1979.

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Comment on contract farming
Opened the outgrower scheme in 1995. Outgrowers from organizations like Kasinthula Cane Growers Limited in Chikwawa and Dwangwa Cane Growers Limited in Nkhotakota.