Stephen Murphy, managing director of institutional fundraising, said the firm had eyed agriculture and infrastructure investments in Uganda.
Farmland deals in Africa inked by private Egyptian firms, commonly called "land grabs," could help the import-dependent nation get access to grain when markets spike, Egypt's agriculture minister Amin Abaza said. "This is going to be a private initiative."
Citadel, which also announced on Tuesday that it was investing in 500,000 feddans (210,000 hectares) of farmland in Sudan, is also looking to potential investments elsewhere in Africa: Uganda, Kenya, Ethiopia.
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.