Please note: you are viewing an old version of this deal. The current version can be found here: Deal #2236

Deal #2236 Version #57337

Gabon
Created at
2013-02-15
Last update
2015-08-17
Last full update
2021-04-28

Land area

Intended size
300 000 ha
Size under contract (leased or purchased area)
  • [2010] 50000.0 ha
  • [current] 110864.0 ha
Size in operation (production)
  • [2012] 3000.0 ha
  • [2014] 7300.0 ha
  • [2015, current] 21000.0 ha
Comment on land area
in phase 1 only 50000 are cultivated, dans le cadre de la première phase de ce projet, 50 000 hectares de palmeraies doivent être plantés dans la région de Lambaréné, dans Moyen-Ogooué (Centre). Olam is planning to develop at least 180,000 hectares by 2018 or 2019, including 100,000 hectares of industrial palm oil plantations (in two phases) and up to 30,000 hectares of smallholder palm plantations and 50,000 hectares of rubber plantations. Another sources states 50 000 hectares of oil palm over 4-5 years, and 28 000 hectares of rubber plantations over 6 years. A company source states that Olam Palm Gabon is managing a total area of 110,864 ha, setting aside more than 50% of the land to protect HCV areas, riparian buffers and wetlands.

Intention of investment

Intention of investment
  • [current] Non-food agricultural commodities, Agriculture unspecified, Conservation
Comment on intention of investment
oil palm activities started in 2012. Rubber initiative announced in 2012. Oil palm factory was inaugurated in August 2015. 50% of the land will be used for conservation - HCV (High Conservation Value) areas and riparian buffers.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2012] Startup phase (no production)
  • [2012, current] In operation (production)
Comment on implementation status
planting palms is expected to commence in early 2012 and be completed by 2016. Clearing of secondary forest in the Kango plantation had taken place by the end of April 2012.

Leasing fees

Annual leasing fee
5 000
CFA Franc BCEAO
per ha
Comment on leasing fee
Olam claims that it will pay a lease rent of CFA Franc 5,000 (US$10) per hectare from the 17th year. The first 16 years are free.

Contract farming

Contract farming
Yes
On leased / purchased
Yes
On leased area/farmers/households
  • [current] 30000.0 ha