Deal #5288

Angola
Created at
2016-10-26
Last update
2016-10-26

Land area

Intended size
33 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 33000.0 ha
Size in operation (production)
  • [2007] 3000.0 ha
  • [current] 5000.0 ha
Comment on land area
Another data source states that the farm is 36,000ha.

Intention of investment

Intention of investment
  • [current] Food crops
Comment on intention of investment
Grains, corn flour and concentrated feed.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)
Comment on negotiation status
The farm was initiated in 2006 and until 2009 Brazilian Odebrecht was managing partner and supplied USD 80 mln of equipment and management. Gesterra obtained managerial rights in 2010.

Implementation status

Implementation status
  • [2010, current] In operation (production)
Comment on implementation status
Originally started production in 2006.

Contract farming

Contract farming
No