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

Deal #3843 Version #64142

Cameroon
Created at
2013-06-27
Last update
2021-09-01
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
Size in operation (production)
  • [2020, current] 21652.0 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. The company's annual report 2020 lists a total of 52,607ha: 40,992 in Niete, 7,643ha in Bissiang (parcel 1 extension 2012) and 3,972ha in Elogbatindi (parcel 3 extension 2012)

Intention of investment

Intention of investment
  • [current] Non-food agricultural commodities
Comment on intention of investment
Out of 52,607ha 21,652ha are used for plantation, 30,955 for conservation and 950ha for infrastructure

Nature of the deal

Nature of the deal
Lease

Negotiation status

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

Implementation status
  • [1996, current] In operation (production)

Contract farming

Contract farming
Yes
On leased / purchased
Yes
Not on leased / purchased (out-grower)
Yes
Not on leased area/farmers/households (out-grower)
  • [current] 27000.0 ha
Comment on contract farming
In 2021 the company launched its outgrower programme. The 15-year planting programme will see 13,000 landowners equipped with the education and financing to develop multi-crop farms around a core crop of rubber. 27,000 hectares of degraded land or low yielding farms will be re-planted and sustainably farmed to produce 100% traceable, high quality rubber and liquid latex. 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.