Project ID: 30011

CDB Funds Construction of Hebei Farm in Uganda

Summary

Funding agency [Type]

China Development Bank (CDB) [State-owned Policy Bank]

Recipient

Uganda

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Level of public liability

Unallocable

Infrastructure

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2009-01-01

Actual start

2011-10-01

Description

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.

Additional details

The face value of the CDB loan is unclear.

Number of official sources

2

Number of total sources

6

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Details

Cofinanced

Yes

Cofinancing agencies [Type]

Hebei Hanhe Investment Co., Ltd. [Private Sector]

Direct receiving agencies [Type]

Hebei Hanhe Investment Co., Ltd. [Private Sector]

Implementing agencies [Type]

Hebei Hanhe Investment Co., Ltd. [Private Sector]

Loan Details

Bilateral loan

Investment project loan