Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3843

Deal #3843 Version #64139

Cameroon

Created at

2013-06-27

Last update

2018-05-14

Last full update

2021-08-26

Land area

Intended size

59 365 ha

Size under contract (leased or purchased area)

[1996] 41000.0 ha
[2012, current] 59365.0 ha

Comment on land area

GMG acquired the plantations in 1996 after privatisation and was granted an additional 18,365ha in 2012. Another data source states 40992ha and then additional 18365ha- total of 59357ha.

Intention of investment

[current] Non-food agricultural commodities

Nature of the deal

Lease

Negotiation status

[1996] Concluded (Contract signed)
[2012, current] Concluded (Contract signed)

Comment on negotiation status

An extension to the original concession was signed in 2012

Implementation status

[1996, current] In operation (production)

Contract farming

Yes

On leased / purchased

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.