Malaysia, IDB to fund Sierra Leone oil palm sector


  • Business
  • Thursday, 07 Apr 2005

FREETOWN: THE Malaysian Government and the Islamic Development Bank (IDB) will fund the development of Sierra Leone’s oil palm industry to the tune of US$2.5mil, the Sierra Leone government said. 

Sierra Leone’s Agriculture and Food Security Minister Sama Mondeh said the scheme would be launched in June, adding that a government delegation led by Vice-President Solomon Berewa concluded the arrangement in Malaysia last week. 

“Oil palm in Malaysia is a king crop because it has made that country rich and prosperous. 

“We are expecting the same benefit when it takes off in Sierra Leone,” Mondeh said.  

The West African country is recovering from civil war that ravaged it for most of the 1990s, wrecking its economy and at the time hurting its reputation as a tourist paradise. – AFP  

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