Deal #4734

Location #1

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

Target country
Congo, Dem. Rep.
Comment on location
90 km from Lubumbashi on Likasi Road

Land area

Intended size (in ha)
2500
Size under contract (leased or purchased area, in ha)
[2005] 2500
Size in operation (production, in ha)
[2006] 200
[2007] 600
[2008] 800
[2015] 1400

Intention of investment

Intention of the investment
Food crops, Agriculture unspecified
Comment on intention of investment
In the next 3 years we plan to farm 1,700 ha of maize, and 300 ha will be divided between soya beans, dry beans, wheat, and potatoes (2015).

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
The lease is renewable. The company has already got confirmation for the following 10 years.

Negotiation status

Negotiation status
[2005] Concluded (Contract signed)
Comment on negotiation status
An investment of 4-5 million USD is planned for 2015 – 2017

Implementation status

Implementation status
[2006] In operation (production)
Comment on implementation status
It is an old public estate that belongs to mining company, Gecamines. 35 years ago Gecamines decided to invest in agriculture, because they understood the potential. There were 3 farms like the one GDK cultivates now, unfortunately Gecamines had to stop the farming operation in 1997. In 2005 Governor of the Katanga Province, had a plan to restart the farms and understood the only way forward is by engaging private entities. Original production date unknown.

Leasing fees

Comment on leasing fees
Annual fee of 5% of the production to Gecamines.

Contract farming

Contract farming
No

Contract #1

Duration of the agreement (in years)
10

Number of domestic jobs created

Jobs created (domestic)
Yes

Operating company

Name of investment project
Mangombo Farm

 

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Data source #1

Data source type
Media report
File
Date
2012-03-03
Comment on data source
Sky Scraper City- Agriculture News.

Data source #2

Data source type
Media report
File
Date
2015-02-24
Comment on data source
Africa Point Group- Interview with THOMAS LECOMTE – GENERAL MANAGER GDK

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Media report
File
Date
2016-08-15
Comment on data source
DRC's Gecamines to increase copper output by over 40 pct

Data source #5

Data source type
Research Paper / Policy Report
File
Comment on data source
DIRECTORATE -GENERAL FOR EXTERNAL POLICIES POLICY DEPARTMENT- Land grabbing and human rights: The involvement of European corporate and financial entities in land grabbing outside the European Union.

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)
Comment on former land owner
It is an old public estate that belongs to mining company, Gecamines. The company abandoned the project in 1997.

Former land use

Former land use
Other
Comment on former land use
Mining

Former land cover

Former land cover
Other land (e.g. developed land – specify in comment field)
Comment on former land cover
Mining

Detailed crop, animal and mineral information

Crops area
Corn (Maize), Potatoes, Soya Beans, Wheat

Use of produce

Has domestic use
Yes
Domestic use
100

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
The company produces 5,000 tons of maize meal and would like to double the production in the next 3-4 years (2015). The company is renting an old mill, but are looking to build their own.

Water extraction envisaged

Water extraction envisaged
Yes

March 2, 2017, 11:02 a.m.

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Aug. 15, 2016, 3:25 p.m.

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Aug. 5, 2015, 6:17 p.m.

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