Deal #4784

Location #1

Spatial accuracy level
Administrative region
Location
Northwest, Cameroon

Target country
Cameroon
Comment on location
Several potential locations. North West province of Cameroon for Arabica coffee farming.

Location #2

Spatial accuracy level
Administrative region
Location
Mbam, Cameroon

Target country
Cameroon
Comment on location
Several potential locations. Land in the Center province for cacao farming. Mbam region

Land area

Intended size (in ha)
400
Size under contract (leased or purchased area, in ha)
[2016] 12
Comment on land area
200ha for coffee and 200ha for cacao, with food crops for diversification. The company purchased 30acres in 2016.

Intention of investment

Intention of the investment
Food crops
Comment on intention of investment
The company plans to have organic and fair trade coffee and cacao, as well as other food crops for the local market.

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2015] Intended (Under negotiation)
[2016] Concluded (Contract signed)
Comment on negotiation status
The company hopes to buy land in 2016. The land will be assessed by experts before making the final purchase decision.

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Comment on contract farming
The company plans to have an outgrower scheme in the future.

Number of domestic jobs created

Jobs created (domestic)
Yes
Comment on jobs created (domestic)
50% of the workforce will be women. flexible schedules and fair pay.

Operating company

Comment on investment chain
The company is looking for other investors.

 

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Data source #1

Data source type
Personal information
Date
2015-09-23
Includes in-country-verified information
Yes
Comment on data source
Founder and CEO of Smart Globe International

Data source #2

Data source type
Company sources
File
Comment on data source
Sustainable Coffee and Cocoa Farming in Cameroon

Data source #3

Data source type
Company sources
File
Comment on data source
Company website

Data source #4

Data source type
Company sources
File
Comment on data source
Smart Globe International Video

Data source #5

Data source type
Other (Please specify in comment field)
File
Comment on data source
Facebook- Smart Globe International

Promised benefits for local communities

Promised benefits for local communities
Education
Capacity Building
Comment on promised benefits for local communities
The farm will provide training to local small farmers to help them improve their farms, productivity and revenue. The company plans to promote education for the employees children.

Detailed crop, animal and mineral information

Crops area
Bean, Cacao, Citrus Fruits (unspecified), Coffee Plant, Soya Beans, Pepper

Use of produce

Has domestic use
Yes
Has export
Yes
Country 1
United States of America
Comment on use of produce
Cacao and coffee for export. Other food crops for local community (85% of produce will be sold and 15% will be distributed free of charge)

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
The harvested coffee cherries will be processed using the wet method, which involves fermenting and depulping the beans. Then the beans will be naturally dried under the sun. The harvested cocoa product will be fermented using the box method, then naturally dried under the sun.

Overall comment

Overall comment
The company is seeking investors, grants or loan opportunities. The company is gathering funding from a crowdfunding campaign for seeds.

Nov. 15, 2016, 1:06 p.m.

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Sept. 23, 2015, 12:30 p.m.

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