Deal #1141

Cameroon
Created at
2013-02-15
Last update
2024-03-05
Last full update
2024-03-05

Land area

Intended size
25 000 ha
Size under contract (leased or purchased area)
  • 6720 ha
  • [2006, current] 11980 ha
Size in operation (production)
  • [2017, current] 24442 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. Another data source states size under contract is 12000ha. Still, other data sources state a size of 21500ha while the forest atlas of 2016 shows a surface of 64815ha By 2017, sosucam's area of land under cane encompassed 24,442 hectares

Intention of investment

Intention of investment
  • [2006, current] Biomass for biofuels, Food crops, Renewable energy unspecified (11980 ha)
Comment on intention of investment
SOSUCAM produces electricity from their waste

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2006, current] Concluded (Contract signed)
Comment on negotiation status
prolongable

Implementation status

Implementation status
  • [2006, current] In operation (production)
Comment on implementation status
Previously government owned, started in 1965.

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. Data from contract.

Contract farming

Contract farming
No