Please note: you are viewing an old version of this deal. The current version can be found here: Deal #7809

Deal #7809 Version #87272

Zambia
Created at
2020-03-20
Last update
2022-06-24

Land area

Size under contract (leased or purchased area)
  • [2005, current] 3000 ha
Size in operation (production)
  • [2016, current] 1000 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
  • [2005, current] Food crops, Livestock, For carbon sequestration/REDD (3000 ha)
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. Goldenlay teamed up with the Phatisa Foundation in 2016 to develop and maintain a protected carbon sequestration area. Invasive plant species have been cleared and the indigenous vegetation is currently being allowed to regenerate. The natural miombo forest is capable of offsetting 170 tonnes of carbon dioxide equivalent per annum

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
  • [2005, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] In operation (production)

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 10800