Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3005

Deal #3005 Version #58185

Sierra Leone
Created at
2013-02-15
Last update
2019-11-25
Last full update
2021-03-25

Land area

Intended size
46 000 ha
Size under contract (leased or purchased area)
  • [2011, current] 41582.0 ha
Size in operation (production)
  • [2013, current] 870.0 ha
Comment on land area
diverging information: according to an interview (OI) 43,000 ha + “maybe” seeking more land”; 46,000 ha according to one investor's website; Size under contract: "Who is benefitting?" Sierra Leone Report (2013). Grain report states 80 000 hectares.

Intention of investment

Intention of investment
  • [current] Agriculture unspecified
Comment on intention of investment
diverging information: Palm oil plantation for comestible oil for local market/for agrofuels and soap

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)
Comment on negotiation status
the company negotiated its lease directly with chiefs and landowners, with possible renewal every 21 years,option to renew for another 21 and then another seven years.

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
The project has been taken over by Geoff Palm

Leasing fees

Annual leasing fee
2
$
per ha
Comment on leasing fee
US$2 per hectare per year; 5 per cent of net profit to be paid each year to community development fund