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
Concessional
Vague
Category
Project lifecycle
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 unofficial sources
3
Details
Cofinanced
Yes
Cofinancing agencies [Type]
Hebei Hanhe Investment Co., Ltd. [Private Sector]
Receiving agencies [Type]
Hebei Hanhe Investment Co., Ltd. [Private Sector]
Implementing agencies [Type]
Hebei Hanhe Investment Co., Ltd. [Private Sector]
Loan type
No Information
Gurarantee provided
No
Insurance provided
No