Completed Development AidData Chinese Aid

China Development Bank lends $125 million to China Africa Cotton Development Co., Ltd for Cotton Planting and Purchasing Project

$125M USD

Funder	China Development Bank (CDB)
Recipient Organization	China-Africa Cotton Development Ltd.
Country	Africa, regional
Start Date	Jan 01, 2011
End Date	Feb 13, 2030
Duration	6,983 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`65901`

Grant Description

China Development Bank lends $125 million to China Africa Cotton Development Co., Ltd for Cotton Planting and Purchasing Project According to the CDB in 2018, since 2011, CDB has provided 9 cotton purchase loans to China Africa Cotton Development Co., Ltd. for a total of $125 million, which is mainly used to import cotton lint from Malawi, Mozambique, Zambia, and Zimbabwe, Mali, and Mauritius as part of a The Cotton Planting and Purchasing Project, the largest agriculture investment project in Africa.

AidData has captured the following projects that were likely funded as part of the $125 million: #69250: CDB loan to China-Africa Cotton Malawi Limited for Cotton Planting and Purchasing Record ID#40731: CDB loan to China-Africa Cotton Mozambique Limited for the Subué Cotton Processing Plant Project The China-Africa Cotton Development Co,.

Ltd is a joint-venture between the China-Africa Development Fund, Qingdao Ruichang Cotton Industrial Co., Ltd and Qingdao Huifu Textile Co., Ltd. registered in Hong Kong. The company has established 7 ginneries and 2 cotton seed oil extracting mills and one special seed plant in Africa.

📋 Staff Comments

1. This project is not marked as an umbrella as no transaction amounts for sub-projects have been captured. As such, there is no risk of duplication.

📚 Sources & References

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This country printed Chinese engineering on its own banknotes (pictured)
国家开发银行国际业务介绍
国家开发银行非洲中小企业发展专项贷款
Introduction
国家开发银行非洲中小企业发展专项贷款 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.