LUSAKA, Sep 26, 2012 (Xinhua via COMTEX) -- One of Singapore's leading integrated supply chain manager and processor of agricultural products and food ingredients has acquired Zambia's largest coffee estate which has been inactive for years due to financial constraints, the Times of Zambia reported on Wednesday. Olam International Limited has acquired a 100 percent equity in Northern Coffee Corporation Limited for approximately 6.15 million U. S. dollars through a bidding process that was organized by the country's investment agency- the Zambia Development Agency (ZDA). Full story
Singapore firm takes over Zambia's biggest coffee estate
LUSAKA, Sep 26, 2012 (Xinhua via COMTEX) -- One of Singapore's leading integrated supply chain manager and processor of agricultural products and food ingredients has acquired Zambia's largest coffee estate which has been inactive for years due to financial constraints, the Times of Zambia reported on Wednesday. Olam International Limited has acquired a 100 percent equity in Northern Coffee Corporation Limited for approximately 6.15 million U. S. dollars through a bidding process that was organized by the country's investment agency- the Zambia Development Agency (ZDA). Full story
