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Vol 51 No 22

Published 5th November 2010


Jarch Capital has friends in the South

Last year, in Africa’s biggest land deal, Jarch Capital leased 400,000 hectares in Mayom County, Unity State, from one-time warlord Paulino Matiep Nhial’s family (AC Vol 50 No 2). Jarch is chaired by one-time Wall Street Banker Philippe M. Heilberg, is based in New York and is registered in the British Virgin Islands. Jarch apparently intends to farm the land, though Paulino had already said in 2006 that he had granted Jarch full oil rights in all the land which his forces controlled. Paulino (2007) and his son Gabriel (2009) later joined Jarch’s ‘advisory board’.

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