Please note: you are viewing an old version of this deal. The current version can be found here: Deal #7809
Deal #7809 Version #81184
Zambia
Created at
2020-03-20
Last update
2020-03-25
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 (A farm manager for the state farm) was previously compensated with 300 of the 3,000 hectares farm when its closed down in the 1990s. 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
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
Nature of the deal
Outright purchase
Comment on nature of the deal
Mr Mutambo (A farm manager for the state farm) 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
Negotiation status
- [current] Concluded (Contract signed)
Implementation status
Implementation status
- [current] In operation (production)