Deal #3738

Location #1

Spatial accuracy level
Administrative region
Location
Kinshasa, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.
Comment on location
Ibi village, located on the Batéké Plateau approximately 150 kilometers from the capital Kinshasa

Land area

Intended size (in ha)
6700
Size under contract (leased or purchased area, in ha)
6700
Comment on land area
Initially 4,200 but extended with 2,500ha. Further expansion in Sud-Kwamouth territory planned.

Intention of investment

Intention of the investment
For carbon sequestration/REDD, Forestry unspecified
Comment on intention of investment
The project will convert a natural grassy savanna,into an abundant and sustainable fuelwood supply for charcoal production.

Negotiation status

Negotiation status
[2009] Concluded (Contract signed)

Implementation status

Implementation status
In operation (production)

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned number of jobs (domestic)
400

Operating company

Operating company
Comment on investment chain
With support from the World Bank. There are three associations active in Ibi Village: Novacel, GI Agro et Profinaf Invest. They have complementary missions: the exploitation and commercialisation of agroindustrial productions, social and technical development, and the implementation of innovative projects in the field of fight against climate change.

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Other (Please specify in comment field)
File
Comment on data source
World Bank document

Data source #2

Data source type
Media report
File
Comment on data source
Afrol News- World bank signs first biocarbon agreement in DRC

Data source #3

Data source type
Company sources
File

Consultation of local community

Community consultation
Other
Comment on consultation of local community
They have initiated the project and own it.

How did the community react?

Community reaction
Consent

Promised benefits for local communities

Promised benefits for local communities
Health
Education
Capacity Building
Comment on promised benefits for local communities
The carbon revenue will be invested in reforestation and local development activities - a primary school is providing over 200 children with an education and a clinic is providing basic health care to the local population. Local farmers are also receiving support from GI-Agro, an NGO linked to NOVACEL, to adopt more productive agriculture techniques, contributing to food security in the area.

Former land owner (not by constitution)

Former land owner
Community

Former land use

Former land use
Smallholder agriculture
Other
Comment on former land use
Degraded land

Former land cover

Former land cover
Forest land
Shrub land/Grassland (Rangeland)
Comment on former land cover
90% herbaceous or shrubby savanna, burnt many times per year, and of 10 % of forest gallery deforested by local populations for their subsistence farming (maize, cassava) and to produce charcoal.

Detailed crop, animal and mineral information

Crops area
Accacia, Eucalyptus, Pine

Use of produce

Has domestic use
Yes
Has export
Yes
Comment on use of produce
generate carbon credits which are purchased by the World Bank’s BioCarbon Fund and private sector firms such as the French company ORBEO, a subsidiary of the French conglomerate Société Generale, and Danone

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Part of the reforestation will be used as a sustainable source of charcoal for urban areas, such as Kinshasa, which will reduce the pressure of deforestation on native forests.

Feb. 28, 2017, 3:11 p.m.

overwritten

This version

Compare with previous version

March 18, 2016, 12:20 p.m.

overwritten

Show this version

Compare with previous version

July 12, 2013, 3:06 p.m.

overwritten

Show this version

Compare with previous version

May 27, 2013, 12:02 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.