Deal #4738

Location #1

Spatial accuracy level
Administrative region
Location
Rutsiro, Rwanda

Target country
Rwanda

Land area

Intended size (in ha)
3000
Size under contract (leased or purchased area, in ha)
[2014] 1149

Intention of investment

Intention of investment
Food crops

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2014] Concluded (Contract signed)
Comment on negotiation status
Formally state owned, privatized in 2014.

Implementation status

Implementation status
In operation (production)
Comment on implementation status
Likely was in operation in the 1970's

Purchase price

Purchase price
750637
Purchase price currency
US Dollar ($)
Purchase price area type
for specified area

Number of domestic jobs created

Jobs created (domestic)
Yes

Operating company

Operating company
Name of investment project
Rutsiro Tea plantation

 

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Data source #1

Data source type
Media report
File
Date
2014-10-11
Comment on data source
The East Africa- Now Mountain Tea pays $750,000 for Rutsiro plantation

Data source #2

Data source type
Media report
File
Date
2014-07-15
Comment on data source
The New Times- Rutsiro tea factory privatisation will boost competitiveness–govt

Data source #3

Data source type
Research Paper / Policy Report
File
Comment on data source
National Agricultural Export Development Board- RWANDA TEA SECTOR PRESENTATION

Former land owner (not by constitution)

Former land owner
State
Comment on former land owner
Estate was formally state owned, was privatized in 2014.

Former land use

Former land use
Commercial (large-scale) agriculture
Comment on former land use
Formally also a tea plantation

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Tea

Use of produce

Has domestic use
Yes
Domestic use
2
Has export
Yes
Export
98
Comment on use of produce
Approximately 97.3% is exported in raw form. 60% of Rwanda Tea is sold in Auctions, 37 . 3 % is sold directly and 2 . 7% is sold locally.

In country processing of produce

In country processing of produce
Yes

Aug. 18, 2015, 12:06 p.m.

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