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Deal #7809 Version #81182

Zambia

Created at

2020-03-20

Last update

2020-03-23

Land area

Size under contract (leased or purchased area)

[2005, current] 3000.0 ha

Size in operation (production)

[2016, current] 1000.0 ha

Comment on land area

Mr Mutambo was previously compensated with 300 of the 3,000 hectares farm. Despite only owning 300 hectares, Mr Mutambo was in fact able to sell the deed to the full 3,000 hectares. Other reports claim the land area to be 3600ha while another mentions 4000ha. Total areas under cultivation are 700 hectares of soya and 300 hectares of maize.

Intention of investment

[current] Food crops, Livestock

Comment on intention of investment

Production, distribution and sale of table eggs in the domestic and regional markets. Maize and soya production for food and feed purposes.

Nature of the deal

Outright purchase

Comment on nature of the deal

Mr Mutambo was previously compensated with 300 of the 3,000 hectares farm. Despite only owning 300 hectares, Mr Mutambo was in fact able to sell the deed to the full 3,000 hectares.

Negotiation status

[current] Concluded (Contract signed)

Implementation status

[current] In operation (production)