Early Warning: Fears of Tension Around Foreign Investment in Oil Palm and Rubber Plantation in Malen Chiefdom, Pujehun District

According to media sources and the Sierra Leone Investment and Export Promotion Agency (SLIEPA), Green Scenery gathers that foreign investor Socfin Agricultural Company Sierra Leone Limited is investing 100 million US dollars in rubber and oil palm plantations in the Malen chiefdom in Pujehun District in the south of Sierra Leone. Socfin Agricultural Company Sierra Leone is a subsidiary of the Belgian corporation, Socfin.

The company has taken out a 40-year lease of 16,000 acres of prime farmland, and has high-level government support in Sierra Leone.  The lease was signed “under the watchful eyes of the Minister of Agriculture and Food Security Dr. Sam Sesay“. The reports don’t mention how much was paid to land owners and to date there has been no public disclosure of what benefits and incentives (tax holidays, etc) may be granted to the investor. 

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9 months 2 days ago

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