Deal #3866

Location #1

Spatial accuracy level
Coordinates
Location
Dima, Democratic Republic of the Congo

Latitude
-3.3097065068359357
Longitude
17.5135986637207
Target country
Congo, Dem. Rep.

Land area

Intended size (in ha)
10000
Size under contract (leased or purchased area, in ha)
[2008] 10000

Intention of investment

Intention of investment
Food crops, Timber plantation (for wood and fibre)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2008] Concluded (Contract signed)

Implementation status

Implementation status
Startup phase (no production)
Comment on implementation status
Nursery with palm and eucalyptus and trial plantings of corn and rice

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
25

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
1500

Operating company

Operating company
Name of investment project
Dima Estate
Comment on investment chain
AIA holds a 100% owned DRC subsidiary company Congo BioFuels (CBF). AIA is a Mauritian holding company with African Crops Limited as the majority shareholder (90%). 10% is held by two resident DRC minority shareholders. African Crops Ltd is majority owned by Hawkwood Capital LLC. Primary investor may be Congo Foret.

 

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Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Company sources
File

Promised benefits for local communities

Promised benefits for local communities
Roads
Capacity Building

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Eucalyptus, Oil Palm, Rice

March 14, 2018, 2:40 p.m.

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Feb. 28, 2017, 4:49 p.m.

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July 3, 2013, 3:22 p.m.

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July 3, 2013, 3:07 p.m.

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