There's a newer version of this deal. Click here to show the latest version.

Deal #3843

Location #1

Spatial accuracy level
Administrative region
Location
South Region, Cameroon

Target country
Cameroon
Comment on location
Niete, Sud region

Location #2

Spatial accuracy level
Administrative region
Location
Kribi, Cameroon

Target country
Cameroon

Location #3

Spatial accuracy level
Administrative region
Location
Lokoundje River, Cameroon

Target country
Cameroon

Land area

Size under contract (leased or purchased area, in ha)
[1996] 40000
[2012] 58365
Comment on land area
GMG acquired the plantations in 1996 after privatisation and was granted an additional 18,365ha in 2012.

Intention of investment

Intention of investment
Non-food agricultural commodities

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[1996] Concluded (Contract signed)
[2012] Concluded (Contract signed)
Comment on negotiation status
An extension to the original concession was signed in 2012

Implementation status

Implementation status
[1996] In operation (production)

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
Comment on contract farming
Hevecam is required to provide financing to rubber farmers in the NGOK village, one of the villages in Hevecam’s plantation. This was part of the privatisation arrangement with the State of Cameroon, where the rubber farmers will be given access to the allocated land area to carry out rubber-tapping activities. The loan to rubber farmers is unsecured, interest-free and repayable by 2018.

Contract #1

Duration of the agreement (in years)
50

Operating company

Operating company

 

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
Company sources
File

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Media report
File

Former land owner (not by constitution)

Former land owner
State

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Rubber tree

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes

May 14, 2018, 9:37 p.m.

overwritten

Show this version

Compare with previous version

May 24, 2016, 3:07 p.m.

overwritten

Show this version

Compare with previous version

Jan. 15, 2016, 12:01 p.m.

overwritten

Show this version

Compare with previous version

April 15, 2015, 6:33 p.m.

overwritten

Show this version

Compare with previous version

Jan. 16, 2015, 9:59 a.m.

overwritten

Show this version

Compare with previous version

June 27, 2013, 4:27 p.m.

active

This version

First version