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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