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.
In recent months, farmers have staged sporadic demonstrations against what they consider an unacceptable offer by the government to buy their land. Some have degenerated into violent confrontations with the police.
Wafra, Citadel Capital’s Platform Company for investments in the Sudanese agricultural industry, released today details of recent operational milestones including the conclusion of its first commercial wheat harvest in Sudan’s White Nile State.
The escalation of violence around the north-south border in the run-up to Sudan’s big divide has sparked fears of a new civil war, but experts contend that the issue is more about land and water rather than oil.
“We have opened a new page with the Egyptian government,” Alwaleed said at a news conference with Egyptian PM Essam Sharaf. “We call on Arab and international investors to return to Egypt as soon as possible.”
KADCO, part of Prince Alwaleed's Kingdom Holding Co, now owns 10,000 feddans [more than 10,000 ha] in southern Egypt while cultivating another 15,000 feddans that it will get ownership of at a later date.
The Zambia Development Agency has short-listed 10 local and foreign companies (such as Chayton Capital or Pro Alia Investment) which expressed interest in the development of Nansanga farm block (155 000 ha) in Serenje.
Authorities arrest dozens of demonstrators and prevent journalists from reaching the area, while the office of Sudan's 2nd Vice president Ali Osman Taha denies reports that he has agreed to grant Egyptian farmers one million acres.
Saudi billionaire Prince Alwaleed bin Talal announced Sunday an agreement has been reached on returning most of his disputed agricultural land in Egypt -- 30,000 out of 40,000 hectares -- back to the government.