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Sierra Leone: SLIEPA to facilitate $1.6b investment for Golden Veroleum Palm Oil Production in Sierra Leone

The Sierra Leone Investment and Export Promotion Agency (SLIEPA) are currently facilitating the investment ofPalm Oil production company Golden Veroleum with operations in Liberia to invest in the country.
A delegation from the palm oil production company was in town where they made their intentions known to invest US$1.6b in palm oil production in the South and Eastern Regions of Sierra Leone.
The delegation met with President Koroma and other Government officials at State House to outdoor and deliberate on theirbusiness plans.
The Chair of the Board of Directors of SLIEPA Gladys Strasser King formerlly welcomed the delegation into the country.
Meeting with a cross section of executives of the Sierra Leone Investment and Export Promotion Agency (SLIEPA) at Tower Hill in Freetown, the leader of the delegation and Director of the company David Rothschild said they are in the country to make their continued commitment towards their investment portfolio.
He said the company intends to acquire over half a million hectares of land for future development and intends to closely work with locals, the government departments and agencies.
“We would like to establish strong partnership and relationship with the communities we operate” he said, adding “we are negotiating from 50 to 60 years lease agreement with the government and locals in the South and Eastern Region especially Kenema and Pujehun.”
David Rothschild said “our initial investment will focus on building the required Infrastructure on the land for the construction of an oil mill at the company site,” and that the company will also provide support towards community development projects and ensure locals benefit from their operations.

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