Deal #4498

Location #1

Spatial accuracy level
Administrative region
Location
Mutafunwa, Zimbabwe

Target country
Zimbabwe
Comment on location
Location of an unknown cotton corporation which is being acquired.

Location #2

Spatial accuracy level
Country
Location
Zimbabwe

Target country
Zimbabwe
Comment on location
Outgrowers throughout the country

Land area

Comment on land area
Outgrower and processing plant only. In 2014, China-Africa Cotton Development Limited formally entered the Zimbabwe cotton market by merging two cotton companies in Zimbabwe and founded China-Africa Cotton Zimbabwe (PVT) Limited, which is the second largest cotton company in Zimbabwe.

Intention of investment

Intention of the investment
Non-food agricultural commodities

Negotiation status

Negotiation status
Concluded (Contract signed)

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Not on leased / purchased area (out-grower, in ha)
10000
Not on leased / purchased farmers (out-grower)
70000

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of employees (domestic)
[2014] 600

Operating company

Comment on investment chain
In 2014, China-Africa Cotton Development Limited formally entered the Zimbabwe cotton market by merging two cotton companies in Zimbabwe and founded China-Africa Cotton Zimbabwe (PVT) Limited, which is the second largest cotton company in Zimbabwe.

 

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Data source #1

Data source type
Company sources
File
Comment on data source
China-Africa Cotton Zimbabwe (PVT) Limited- the pioneer of the spanning development of China-Africa Agriculture. URL no longer working

Data source #2

Data source type
Company sources
File
Comment on data source
China-Africa Cotton Development Limited: the best Chinese agriculture enterprise in Africa. URL no longer working

Data source #3

Data source type
Media report
File
Date
2014-06-30
Comment on data source
China Daily- Chinese cotton firm harvests a bumper crop in Africa

Data source #4

Data source type
Media report
File
Date
2014-06-13
Comment on data source
China Daily- Firm that cottoned on to a good deal

Data source #5

Data source type
Company sources
File
Comment on data source
Projects Expansion. URL no longer working

Data source #6

Data source type
Company sources
File
Comment on data source
China-Africa Cotton Zimbabwe (PVT) Limited

Promised benefits for local communities

Promised benefits for local communities
Financial Support
Comment on promised benefits for local communities
Smallholder cotton sold to the company

Detailed crop, animal and mineral information

Crops area
Cotton

Use of produce

Has domestic use
Yes
Has export
Yes
Comment on use of produce
Some product is processed locally, while the rest is shipped to China- for the international markets

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Two ginneries have been established, plans to establish a cooking oil mill

Feb. 1, 2019, 8:58 a.m.

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Aug. 17, 2016, 3:35 p.m.

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March 17, 2016, 4:11 p.m.

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Oct. 15, 2014, 11:21 a.m.

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