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Deal #4432 Version #67609

Congo, Dem. Rep.

Created at

2014-08-14

Last update

2019-01-14

Last full update

2022-12-23

Land area

Intended size

80 000 ha

Size under contract (leased or purchased area)

[2014, current] 80000.0 ha

Size in operation (production)

[2014, current] 1200.0 ha

Comment on land area

10000 hectares to be planted by January 2015. 1000ha of vegetables will be grown in 2015. The first phase of the Agricultural Business Park is focused on basic crop production.

Intention of investment

[current] Food crops, Livestock

Nature of the deal

Lease

Negotiation status

[2014, current] Concluded (Contract signed)

Comment on negotiation status

February 2014. The government has spent $83 million setting up Bukanga Lonzo, where South African firm Mozfood & Energy carried out feasibility studies and a South African consortium called Africom has been handed the management contract

Implementation status

[2014] In operation (production)
[2017, current] Project abandoned

Comment on implementation status

"The pilot had collapsed. Activity on site ground to a halt after the South African company brought in as a co-investor left stating that it hadn’t been paid by the Congolese government in nearly a year. The minister blamed the South African company that had managed the park and said it had left “in bad faith.” He added that the government plans to re-launch the park with a focus on livestock."

Contract farming

Yes

On leased / purchased

Yes

Comment on contract farming

Local farmers are involved in the project and receive coupons for their input materials. It is not clear how many farmers will be involved or the size they will plant.