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Project 5: Nyamane Agro Foods Holdings

Project 5: Nyamane Agro Foods Holdings

Sector: Agriculture

ZAR250 million (€15.8 million or USD18.9 million)

Project Summary

The NEF has entered into a 49/51% joint venture with Nyamane Agro Foods to undertake a BFS into the establishment of a tomato paste manufacturing facility in KwaZulu-Natal province. The factory shall have total annual throughput of 72 000 tons of fresh tomatoes and nameplate capacity of ±7 500 ton tomato paste. The BFS is to be completed in early 2018 and the projected financial close funding is R250 million (€15.82 million or USD18.97 million) .

Location KwaZulu-Natal
Project Development Stage Bankable Feasibility Study
NEF Investment to Date ZAR9 million (€570 000USD679 000)
NEF Equity  49%
Project Promoter Nyamane Agro Foods
Projected Financial Close Requirement ZAR250 million (€15.8 million or USD18.9 million)
Jobs Created 200 construction 94 direct (308 indirect)
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