Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1141

Deal #1141 Version #51397

Cameroon

Created at

2013-02-15

Last update

2015-01-16

Last full update

2024-03-05

Land area

Intended size

25 000 ha

Size under contract (leased or purchased area)

6720.0 ha
[2006, current] 11980.0 ha

Comment on land area

One source states area under contract is 18700 hectares. Contract states 11980 hectares.Original land size under government plantation was 6720hectares. The company was granted an additional 5260hectares thus bringing the total size for the land deal up to 11980 hectares.

Intention of investment

[current] Food crops

Nature of the deal

Lease

Negotiation status

[2006, current] Concluded (Contract signed)

Comment on negotiation status

prolongable

Implementation status

[1965, current] In operation (production)

Comment on implementation status

Previously government owned, started in 1965. The contract states that the lease is cancelled if the company has not developed the land within 5 years from signing the lease (2006).

Leasing fees

Annual leasing fee

77 354 860

CFA Franc BEAC

for specified area

Comment on leasing fee

77354860 FCFA/year for area of 11980ha: 40% to state, 40% to municipalities 20% to villages