11 November 2008

Swaziland: Process Fresh Vegetables for Export Market

Investment Opportunity: Agriculture & Agri-processing

Swaziland has an active farming sector and baby vegetables continue to gain an increasingly important share of the export market. The government is keen on expanding this market, as well as processing vegetables locally.

Project name: Setting up of a plant to process fresh vegetables for export using IQF (individually quick frozen)technology.

Cost of Investment: US $ 5-8 million.

Project Location: The proposed plant can be established in any part of the country near major hubs and where irrigation water and excellent roads are available.

Project description

Swaziland's varied micro climates gives it an advantage in producing certain high-value horticultural products such as baby vegetables. A large small-scale farming community growing both organic and in-organic vegetables exists but currently lack guaranteed markets. Interested investors can source produce from these farmers and process locally for export to the European Union market. There is available land to enable potential investors to grow a certain percentage of required inputs, and also build a factory.

Benefit to promoter: This project is expected to earn foreign exchange, provide jobs and a guaranteed market for local vegetable farmers.

The rate of return on capital will be 29% if the Swaziland Investment Promotion Agency (SIPA) is providing a factory, and 20.3% if SIPA has no input.

Investment options

There are three types of preferred investment under this opportunity

• Joint ventures

• partnerships with the private sector

• 100% foreign ownership

For further information on this opportunity contact SIPA.

Key contact: Zizwe Vilane

Director: Foreign Direct Investment

For more information: http://www.tradeinvestafrica.com/investment_opportunities/892241.htm

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