Overview

CDB Funds Construction of Hebei Farm in Uganda

Commitment Year•2009Country of Activity•UgandaDirect Recipient Country of Incorporation•China (People's Republic of)Sector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2009

Start (actual): Oct 1, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% Chinese ownership

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Cofinancing agencies

Private Sector

Hebei Hanhe Investment Co., Ltd.

Receiving agencies

Private Sector

Hebei Hanhe Investment Co., Ltd.

Implementing agencies

Private Sector

Hebei Hanhe Investment Co., Ltd.

Loan desecription

CDB Funds Construction of Hebei Farm in Uganda

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2009, Hebei Hanhe Investment Co., under the direction of Qiu Lijun, began trial planting and experimentation in Uganda. China Development Bank reportedly supported the Hanhe Uganda Hebei Farm Project. In 2011, the Hanhe Uganda Hebei farm started cultivating vegetables on a large scale, covering 2,600 mu (173 hectares) of land in Uganda, with plans of expanding to 260,000 mu (17,333 hectares) in the future. The farm had an initial capital of 9.9 million CNY and a reported total area of 20,000 acres in 2010. The farm prepares the following products for export: cotton, coffee, leather, African handicraft clothing, marine products, rosewood, and ebony.

Staff comments

The face value of the CDB loan is unclear.