Citadel Capital Corp., an Egyptian private-equity firm with $8.3 billion in investments, said one of its companies received a $4.9 million loan from Bank of Khartoum for the plantation of land in Sudan.
A South African farmers group said on Friday it had received fresh offers from African states, including Sudan and Mozambique, to invest in agriculture to grow export crops and some of the deals will be concluded soon.
Saudi Arabian investors are looking to expand their agricultural investments in the United States to secure long-term food supply because of water shortages in the desert kingdom, Saudi officials said on Thursday.
El-Nahda for Integrated Solutions signed an agreement with the White Nile Governorate for a 30-year lease on 60,000 feddans [25,210 ha] of land on which it will build a large-scale commercial rice farm.
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.