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Deal #3430 Version #60897

Sierra Leone

Created at

2013-03-22

Last update

2015-08-27

Last full update

2020-06-23

Land area

Intended size

135 000 ha

Comment on land area

Some sources say 30,000ha only. The first phase of investment is due to begin in February with a 30,000 hectare rubber plantation in the 91 Mile area inland from Freetown and a 25,000 hectare rice project in Tonkolili. One data source states that the company has completed the establishment of the joint venture.

Intention of investment

[current] Food crops, Non-food agricultural commodities

Comment on intention of investment

The deal is likely to catapult Sierra Leone into a leading position in the rubber production index for Africa. 100,000 hectares of rubber plantation and 35,000 hectares of irrigated rice field

Nature of the deal

Lease

Negotiation status

[2012, current] Intended (Under negotiation)

Comment on negotiation status

MoU signed in 2012. One data source states that the company has completed the establishment of the joint venture.

Implementation status

Comment on implementation status

$1.2 billion investment

Leasing fees

Annual leasing fee

Comment on leasing fee

The government will provide the land in exchange for a 10% share in the operation. projected revenue to government assessed at between $ 50-100 million.