Deal #10249

Senegal
Created at
2024-03-11
Last update
2024-09-27

Land area

Intended size
5 000 ha
Size under contract (leased or purchased area)
  • [2018-06, current] 5000 ha

Intention of investment

Intention of investment
  • [2018-06, current] Agriculture unspecified, Biomass for biofuels (5000 ha)
Comment on intention of investment
According to Gagné, the company is still technically operating, although it has not farmed since at least 2018. 5,000ha cleared. Planting of sunflowers in process.

Carbon offset project

Carbon offset project
No

Nature of the deal

Nature of the deal
Concession

Negotiation status

Negotiation status
  • [2018, current] Concluded (Contract signed)
Comment on negotiation status
Senhuile SA signed a bilateral contract with the Municipality of Fass Ngom for land use.

Implementation status

Implementation status
  • [current] In operation (production)

Leasing fees

Annual leasing fee
40 000 000
CFA Franc BCEAO
for specified area
Annual leasing fee area
5 000 ha
Comment on leasing fee
The the land around Fass Ngom (5000ha) is leased for 40 million FCFA per year.Land has been attributed for free. Another report states leasing fee of USD 100,000 a year.