Monday, 1 September 2008
Hippo Valley Estates
The beligered Hippo Valley Estates in Zimbabwe is starting to attract attention as a post Mugable play. The listed sugar plantation covers 124 square kilometres, and the company employs around 5,000 people. Hippo Valley Estate has a capacity of 300,000 tonnes of sugar per year but is currently producing below that. In 2004, parts of the estate were listed for confiscation by the government of Zimbabwe as part of its land reform project. The company has had a bad time of it ever since the advent of farm invasions that started in 2000. Still, Zimbabwe and the Hippo Valley have the right conditions for agriculture, so hopefully things will look brighter for the company once the country returns to a more normal political path.