Deal #5901

Mozambique
Created at
2018-01-19
Last update
2022-06-24
Last full update
2022-06-24

Land area

Intended size
600 ha
Size under contract (leased or purchased area)
  • [current] 300 ha
Size in operation (production)
  • [2019] 80 ha
  • [2020] 117 ha
  • [2021, current] 128 ha
Comment on land area
Anoher source mentions that the deal covers over 600 hectares of land, on which 300 hectares will be turned over to producing bananas. 80 ha planted in 2019 and plan to expand the banana plantings in the area in due course.Currently comprises 128ha of irrigated bananas. In July 2021, it was reported that AgDevCo’s investment will provide QBV with long-term capital to fund the company’s strategic plan to expand to 260 hectares (642.5 acres) over the next two years.

Intention of investment

Intention of investment
  • [current] Food crops (300 ha)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2016] Startup phase (no production)
  • [2018] Project not started
  • [2019] In operation (production)
  • [2021, current] In operation (production)
Comment on implementation status
In 2018, the project was put on hold due to the ongoing drought and planting recommenced planting in 2019. Quinta da Bela Vista Limitada (QBV) in Southern Mozambique fully began operations in 2019 and now has 117 ha planted to bananas. QBV began their first harvest in May 2020.

Contract farming

Contract farming
No