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Deal #3867

Location

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
General info

Land area

Intended size (in ha)
12700
Size under contract (leased or purchased area, in ha)
[2008] 12700
Size in operation (production, in ha)
3676
Comment on land area
1,012 hectares are planted to Palm (Palmier), although only 184 hectares are below 20 years old 3,664 hectares are planted to Rubber (Hevea) 8,065 hectares are abandoned or have been taken over by local villagers.

Intention of investment

Intention of 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

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
Contracts

Contract #1

Duration of the agreement (in years)
25
Investor info

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.

 

Data sources

Data source #1

Data source type
Company sources
File

Data source #2

Data source type
Company sources
URL
http://www.africancropszambia.com/About-Us
File
Produce info

Detailed crop, animal and mineral information

Crops area
Eucalyptus, Oil Palm, Rubber tree
History (7 versions)

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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