Deal #5590

Location #1

Spatial accuracy level
Administrative region
Location
Loudima, Republic of the Congo

Target country
Congo, Rep.

Land area

Size under contract (leased or purchased area, in ha)
22000

Intention of investment

Intention of investment
Food crops
Comment on intention of investment
cashew nuts

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2017] Concluded (Contract signed)

Purchase price

Purchase price
53000000000
Purchase price currency
CFA Franc BEAC
Comment on purchase price
Informal source (media report)

Contract #1

Duration of the agreement (in years)
60

Operating company

 

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Data source #1

Data source type
Media report
File
Date
2017-08-03
Comment on data source
Chinese firm funds CFA53b Congo cashew nut project

Consultation of local community

Community consultation
Not consulted

How did the community react?

Community reaction
Rejection

Former land owner (not by constitution)

Former land owner
State
Private (smallholders)

Former land use

Former land use
Smallholder agriculture

Former land cover

Former land cover
Cropland
Forest land

Detailed crop, animal and mineral information

Crops area
Cashew

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
Production facilities still to be built.

April 30, 2020, 4:05 p.m.

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Aug. 14, 2017, 2:22 p.m.

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Aug. 7, 2017, 5:22 p.m.

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