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Vol 6 (AAC) No 6

Published 1st April 2013


Liberia

Ups and downs in palm oil

China Development Bank is lending a hand to the agricultural investment plans of Golden Veroleum, controlled by Singapore-based Golden Agri-Resources. In March, the CDB extended a US$500-million loan that will enable Golden Veroleum to develop part of its 220,000-hectare Liberian concession, on which it has already spent $100 mn. Golden Agri plans to invest $1.6 billion in Liberian palm-oil projects over the next eight to ten years.

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