Beltone Private Equity and Kenana Sugar Company have signed an agreement to create the MAHASEEL Agriculture Investment Fund, aiming to deploy up to $1 billion in large-scale agriculture projects in Sudan and Egypt.
- Kenana Sugar Company
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10 July 2011
African governments need to raise their level of accountability and ensure that they improve and protect their own food security through quid pro quo side-agreements negotiated when they lease or sell their arable land to foreign interests, says Keith Mullin of Thompson Reuters
The fund is targeting individual investors and institutions as well as government-owned funds in the region, and will focus on the production of crops and livestock in Sudan and food processing in Egypt.
"We are launching the fund with the aim of deploying up to $1 billion for large-scale agricultural projects," Beltone told Reuters.
A delegation of top Kenana Sugar officials is in Doha to hold talks with Qatar’s Hassad group to create one of the world’s biggest food producing companies with a view to ensuring food security in the Arab world.
- The Peninsula
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04 February 2010
Egyptian private equity firm Citadel Capital is investing in 210,000 ha of farmland in Sudan, where it got the right to the land for 99 years.
- Reuters
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29 September 2009
Egypt's Beltone Private Equity and Sudan's Kenana Sugar Company have agreed to set up a firm to invest up to $1 billion in large-scale agriculture projects in both countries, Beltone said in a statement on Wednesday.
