Please note: you are viewing an old version of this deal. The current version can be found here: Deal #2371

Deal #2371 Version #57926

Sierra Leone
Created at
2013-02-15
Last update
2014-01-15
Last full update
2024-08-14

Land area

Intended size
12 000 ha
Size under contract (leased or purchased area)
  • [2011, current] 6579.0 ha
Size in operation (production)
  • [2013, current] 3125.0 ha
Comment on land area
Extension plans for a second phase over 5,500 hectare for oil palm plantations under similar conditions to the first phase are in progress. The plans are to have 12 000hectares planted by 2017/2018.The ultimate goal is to obtain 30 000ha.

Intention of investment

Intention of investment
  • [current] Non-food agricultural commodities, Agriculture unspecified

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)
Comment on negotiation status
The company signed on the 5th March 2011 a sub-lease with the Government of Sierra Leone, which holds the lead lease with the chiefdom council.The lease appears not to comply with the country’s land law by providing a renewal option not for 21 years but for two periods of 25 years.

Leasing fees

Annual leasing fee
12.5
$
per ha
Comment on leasing fee
The company pays US$ 5 rent per year per acre, with only half of it going to the land owners.