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

Intention of investment

Intention of the 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.

Operating company

Operating company

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

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

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

active

This version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.