SOCFIN

Briefs

Land Deal Brief: SOCFIN Land Investment in Sierra Leone

In 2011, Socfin Agricultural Company Sierra Leone Ltd. (Socfin SL) secured 6,500 hectares of prime farmland for rubber and oil palm plantations in Malen chiefdom in Pujehun district in the south of Sierra Leone. The firm is now seeking an additional 5,000 ha in expansion plans in the Malen region or neighboring chiefdoms. The initial investment, estimated at $100 million, with promises of job creation, compensation for lost farms, and...

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Video: Agricultural Investment or Land Grab in Sierra Leone?

In 2011, Socfin Agricultural Company Sierra Leone Ltd. (Socfin SL) sealed a $100 million deal securing 6,500 hectares of farmland for rubber and oil palm plantations in Malen chiefdom in Pujehun district in the south of Sierra Leone. The Socfin investment, however, does not have support of the local population. In October 2011, 40 villagers were arrested following a peaceful protest.