Wednesday, August 18, 2010

Liberia signs $1.6 bln palm oil investment: government

MONROVIA (Reuters) - Liberia's government has signed a $1.6 billion deal with Golden Veroleum for a 500-acre palm oil plantation in the southeast of the West African nation, a spokesman said on Wednesday.

"When ratified by the legislature, it will create over 35,000 jobs for Liberians," presidential spokesman Cyrus Badio told Reuters by telephone.

Singapore's second-largest listed palm oil plantation firm Golden Agri-Resources said on Tuesday it was considering investing in Verdant to gain access to the project. read more...

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