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Beltone, Kenana ink $1bn farm investment fund
- Egypt: Thursday, August 20 - 2009 at 10:42
Egypt's Beltone Private Equity and Sudan's Kenana Sugar Company have signed an agreement to set up a firm to invest up to $1bn in large-scale agriculture projects in both countries, Reuters has reported. Under the agreement, Kenana, which produces 400,000 tonnes of sugar a year, will provide technical expertise for the venture and Beltone will manage investments and corporate finance. Kenana is 35.63% owned by the Sudanese government, 30.5% by the Kuwait Investment Authority and 10.92% by Saudi Arabia.
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StaffThursday, August 20 - 2009 at 10:42 UAE local time (GMT+4)
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