Land Deal Brief: SOCFIN Land Investment in Sierra Leone
March 30, 2012
In 2011, Socfin Agricultural Company Sierra Leone Ltd. (Socfin SL) secured 6,500 hectares (ha) 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 construction of infrastructures, has enjoyed high-level government support.
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