Completed Development AidData Chinese Aid

CDB provides a $2 million USD loan to finance modern rice farm project in Cameroon (Linked to Record ID#59246)

$2M USD

Funder	China Development Bank (CDB)
Recipient Organization	Shaanxi Agricultural Reclamation Group Co., Ltd.
Country	Cameroon
Start Date	Mar 24, 2010
End Date	Nov 04, 2026
Duration	6,069 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`31719`

Grant Description

CDB provides a $2 million USD loan to finance modern rice farm project in Cameroon According to a CDB report, on March 24, 2010, CDB, Cameroon's Ministry of Agriculture, and Shaanxi Agricultural Reclamation Group Co., Ltd. (also known as Shaanxi State Farms Group) signed a tripartite framework agreement for supporting an agricultural investment project in Cameroon.

CDB was to provide a $2 million USD loan to Shaanxi State Farms Group to support its endeavors in the Exemplary Modern Rice Farm Project for the Government of Cameron, which is likely the Chinese Government-funded Nanga-Eboko Agricultural Application and Technologies Centre (see linked Record ID#59246).

📋 Loan / Grant Terms

💰 Loan Amountterms are unknown

According to multiple reports, the loan has been disbursed. The status of the project is completed as of 2010.

📋 Staff Comments

SAIS-CARI identifies the borrower of the loan as the Government of Cameroon in the database of Chinese loan commitments that it released in July 2020; however, AidData identifies the borrower as Shaanxi Agricultural Reclamation Group Co., Ltd./Shaanxi State Farms Group Co., LTD. because China Development Bank itself identifies it as the borrower.

📚 Sources & References

Coopération Chine-Afrique: La part du Cameroun - Revamping Agriculture With Chinese Expertise
Sino-Africa Agricultural Cooperation Experience Sharing
Green Dreams: Myth and Reality in China’s Agricultural Investment in Africa
China To Construct Cameroon Technology Demonstration Centre
援喀麦隆农业技术示范中心项目开工仪式隆重举行
Minister of Agriculture Department in Cameroon Inspected the Agricultural Technical Demonstration Center that China Aided to Build
Special Loan for the Development of African SMEs
国家开发银行非洲中小企业发展专项贷款
China-Africa agricultural co-operation: Mutual benefits or self-interest?
我国农业“走出去”金融支持体系与企业融资框架解析
农业“走出去”战略中的非洲：中国对非农业投资的模式、问题与对策1 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.

All Grantees

Shaanxi Agricultural Reclamation Group Co., Ltd.

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