Liberia: Local Company, MONCO, Takes over Sime Darby
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From left L, Dec. 6 -- R: Mr. Asaad R. Fadel, Senior Vice president, Mano, Minister Nangbe and Mr. Mohamad Helm Othman Basha, Group Managing Director, Sime Darby Beherd at the Investment forum in UK on Thursday
MONROVIA - At long last, the Government of Liberia (GOL) has officially announced that Sime Darby Plantation Liberia (SDPL) and Manco Public Oil Industry (MPOI) are finalizing their terms and conditions for the sale and purchase of the Malaysian oil palm plantation company.
Sime Darby signed a 63-year concession agreement with the Government of Liberia in 2009 to develop 220,000 hectares of land in Grand Cape Mount, Bomi, Gbarpolu and Bong Counties into oil palm and rubber plantations.
In September, the company vowed to sell its...
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