Deal #3867

Location #1

Spatial accuracy level
Administrative region
Location
Equator, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.
Comment on location
10,800ha

Location #2

Spatial accuracy level
Administrative region
Location
Bandundu, Democratic Republic of the Congo

Target country
Congo, Dem. Rep.
Comment on location
1900ha

Land area

Intended size (in ha)
5244
Size under contract (leased or purchased area, in ha)
5244
[2008] 12700
Size in operation (production, in ha)
4676
Comment on land area
Company source states 12700ha (size under contract). Plan is to plant 1,012 hectares to Palm, 3,664 hectares to Rubber. 7456 hectares are abandoned or have been taken over by local villagers as such the current size under contract is 5244ha.

Intention of investment

Intention of the investment
Food crops, Non-food agricultural commodities, 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
Project not started
In operation (production)

Contract farming

Contract farming
Yes
On leased / purchased area
Yes
Comment on contract farming
The Outreach model is based on individual 5 hectare unit plots – 1 hectare = Family food and staple production – 1 hectare = Palm Oil for own consumption + surplus for sale – 2 hectare = Mixed timber plantation for basic energy needs – ½ hectare = Sugarcane – ½ hectare = Family home, small scale livestock

Contract #1

Duration of the agreement (in years)
25

Operating company

Operating company
Comment on investment chain
AIA owns 100% subsidiary 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 LLP. Other sources mention Congo Foret as the primary investor.

 

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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

Detailed crop, animal and mineral information

Crops area
Eucalyptus, Oil Palm, Rubber tree

March 14, 2018, 2:38 p.m.

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Feb. 28, 2017, 4:56 p.m.

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March 11, 2016, 12:35 p.m.

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March 6, 2016, 8:54 p.m.

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March 2, 2016, 5:10 p.m.

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July 3, 2013, 3:23 p.m.

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July 3, 2013, 3:16 p.m.

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