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

Deal #2371 Version #57931

Sierra Leone

Created at

2013-02-15

Last update

2015-07-15

Last full update

2024-08-14

Land area

Intended size

12 000 ha

Size under contract (leased or purchased area)

[2011] 6579.0 ha
[2014] 7100.0 ha
[2014, current] 9300.0 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- land is continuing to be taken from the local communities. The plans are to have 12 000hectares planted by 2017/2018.The ultimate goal is to obtain 30 000ha. The company officially obtained 6579 hectares in terms of the lease agreement. The company has additionally occupied 600 hectares illegally, not included in the lease.

Intention of investment

[current] Non-food agricultural commodities, Agriculture unspecified

Nature of the deal

Lease

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.