The Zambia Development Agency (ZDA) has given an Indian company 100,000 hectares of land.
ZDA and Neha International signed an MOU on Tuesday which will see the Indian company occupy 100, 000 heactares of land in Zambia. It is not yet clear which part of Zambia will be sliced to the Indians.
It is not clear how much the land has been sold at.
The Indian company is said to be planning to use the land for agriculture.
Satisfied with the acquisition, the Indian company boasted that it would continue to acquire and develop arable lands in other countries of Eastern and Southern Africa as part of its business development strategy.