Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3200
Deal #3200 Version #88639
Cameroon
Created at
2013-03-01
Last update
2022-11-16
Last full update
2024-03-08
Overall comment
Overall comment
Announced in Aug 2011. In South-East Cameroon. 3,000ha signed off for nursery, not clear if remaining areas fully signed off or just under memorandum of
understanding with the authorities. No Free Prior and Informed Consent for local Bagyeli indigenous people. Biopalm is subsidiary of Singapore-based Siva Group,
which is owned by an Indian billionaire. Will be jointly developed with Cameroon’s National Investment Corporation. No reports that ground has yet been broken.
Expect to produce 60,000 tpa by 2016. Kribi, Loukondje, Bipindi, Lolordof and Mvengue regions. The company is said to be seeking ‘at least’ 200,000 ha in Cameroon, not in one block, and has reportedly ‘already been accorded 50,000ha in Ocean Division, with authority to develop 10,000ha yearly’. One site Siva is trying to secure is UFA 00-003, a Forest Management Unit (logging concession, part of the ‘Permanent Forest Estate’) managed by MMG. Biopalm is also a joint venture partner in new oil palm plantations in Liberia, and targeting oil palm investments
in DRC.