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Globe Agricultural Development Fund (Under Establishment)

Globe Agricultural Development Fund (Under Establishment)

Location : Sudan

Sector : Agricultural Production Sector

Sub-Sector : Crop and Vegetables Production

Establishment:

Under establishment

Location:

Agadi, Blue Nile State - Republic of the Sudan.

Shareholders  :

Subscribed capital is USD 40 Million and shareholders are:

Shareholders

Contribution percentage
AAAID 20%

Globe Agricultural Company - Fund Manager

05%
Potential Shareholders 75%

 

Objectives and Main Activities:

Rain-fed cultivation and production of selected agricultural crops (such as maize, millet, legumes, oilseeds and cotton) using Zero Tillage technology. The fund will be utilizing part of the agricultural land of the Arab Sudanese Blue Nile Agricultural Company (ASBNACO) at Agadi, Blue Nile State. 

Future Plan:

Utilizing an area of 42,000 hectare in rain-fed production using zero tillage over a three-year development plan.

Financial Indicators:

  • - IRR: 30%+
    - Hurdle Rate: 15%

Invesmtent Opportunities:

Shareholders are welcome to contribute to the Fund's capital.