War-ravaged Liberia’s hopes of developing a significant palm oil industry were boosted yesterday as one of the world’s biggest producers said it was close to investing in a huge plantation project.
In the latest of a wave of proposed Asian agricultural investments in west Africa, Singapore-listed Golden Agri Resources said it was “actively evaluating” taking a share in a 220,000- hectare project.
Malaysia’s Sime Darby was granted a 220,000- hectare concession last year, and Equatorial Palm Oil, a UK-listed palm oil developer, has a further 169,000 hectares, including 3,000 hectares near the port of Buchanan, where it is reactivating ageing trees.
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