Deal #6691

Location #1

Spatial accuracy level
Country
Location
Republic of the Congo

Target country
Congo, Rep.

Land area

Comment on land area
article mentions 3 million ha in total

Intention of investment

Intention of investment
Agriculture unspecified

Negotiation status

Negotiation status
[2018] Concluded (Contract signed)

Implementation status

Comment on implementation status
African Palm Corp. plans on breaking ground on its Congolese operation in the first quarter of 2019

Operating company

Comment on investment chain
Doigts Verts Congo, will provide technical advice.

 

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Data source #1

Data source type
Media report
Publication title
African Palm Corp. Signs New Agreement With The Congo
Date
2018-05-08

Data source #2

Data source type
Company sources

Promised benefits for local communities

Comment on promised benefits for local communities
African Palm Corp. guarantees a contribution of 10 percent of its profits from the Congolese operation back into social programs such as schools, hospitals, and local infrastructure, providing water and electricity for the communities.

Detailed crop, animal and mineral information

Crops area
Oil Palm

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
The two companies will use existing infrastructure found along the Congo River to transport its harvested palm fruits to APC's production facilities

Jan. 14, 2019, 3:52 p.m.

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