Deal #6621

Location #1

Spatial accuracy level
Administrative region
Location
Malindi, Kenya

Target country
Kenya
Comment on location
Galana, Kilifi County

Land area

Size under contract (leased or purchased area, in ha)
[2010-09-28] 40468
Comment on land area
The company leased 100,000 acres.

Intention of investment

Intention of investment
Food crops, Livestock
Comment on intention of investment
The Galana project will include a sugar farm, dairy farm and horticulture

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
Concluded (Contract signed)

Implementation status

Implementation status
Project not started
Project abandoned
Comment on implementation status
In 2015 investors took a Saudi prince to court accusing him of failing to deliver his side of the bargain

Leasing fees

Comment on leasing fees
Arafco Agricultural Integration Company Ltd paid an initial lease of Sh2,000,000. Upon the acquisition, the prince was to refund $300, 000 (Sh30 million) for the land. Local investors said they opened an account at Equity Bank in anticipation of the prince’s money that never came. This information was obtained from an informal source (media).

Operating company

Operating company
Name of investment project
GALANA KULALU IRRIGATION DEVELOPMENT PROJECT

 

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Data source #1

Data source type
Media report
File
Publication title
Row threatens multibillion shilling Galana sugar project
Date
2018-07-01

Data source #2

Data source type
Media report
File
Publication title
DPP drops charges against men who tried to defraud Saudi prince
Date
2018-06-18

Detailed crop, animal and mineral information

Crops area
Sugar Cane

Overall comment

Overall comment
It is understood that this land is all part of the Galana ranch/irrigation project along with deal #6827.

April 7, 2020, 2:17 p.m.

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March 2, 2020, 9:29 a.m.

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Feb. 28, 2020, 10:45 a.m.

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Nov. 26, 2018, 3:47 p.m.

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