Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3844

Deal #3844 Version #64162

Cameroon
Created at
2013-06-27
Last update
2021-08-23

Land area

Intended size
65 000 ha
Size under contract (leased or purchased area)
  • [2013, current] 45198.0 ha
Comment on land area
According to the contract the company leases two parcels: 8200ha plus 36,998ha, both in Arrondissements de Meyomessala, Meyomessi et Djoum, Département du Dja et Lobo Additional 20 000 hectares planned for oil palm. Another study found the concession to be 43939 hectares. Another data source states 45198 hectares.

Intention of investment

Intention of investment
  • [current] Non-food agricultural commodities, Agriculture unspecified
Comment on intention of investment
The company will also begin planting oil palm

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2013, current] Concluded (Contract signed)
Comment on negotiation status
Decree has been obtained in March 2013, long term lease has been finalised.

Implementation status

Implementation status
  • [2013, current] Startup phase (no production)
Comment on implementation status
The investors have cleared 3274hectares of forest up to 2014. A 2018 media report states at least 10 000ha have been cleared.

Leasing fees

Annual leasing fee
1
$
per ha
Comment on leasing fee
USD1,00/ha/year for developed land, USD0.50/ha/year for undeveloped land as per contract (https://www.openlandcontracts.org/contract/ocds-591adf-9487445310/view#/pdf)

Contract farming

Contract farming
No