BIO of Belgium, CDC of the UK, DEG of Germany and FMO from the Netherlands announce that they will cease to be Lenders to PHC, the operating company of three longstanding palm oil plantations in the DR Congo.
The PHC oil palm plantations provide 100 years of lessons about the failures of agricultural, financial and governance systems in a globalized world.
- InfoCongo
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23 December 2021
New CRS Report shows that foreigners own just under 3% of US farmland, led by Canada (accounting for 30% of foreign holdings), Netherlands (14%), Italy (7%), UK (6%) and Germany (2%).
The conflict between the communities of Bolanga and Yambienenne and the palm oil company PHC continues to escalate in the Democratic Republic of the Congo.
- Rainforest Rescue
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12 October 2021
After acquiring majority ownership in the PHC plantations from European development banks in 2020, former partners have turned on each other with legal action underway across four jurisdictions for control of the company, valued at US$100 million.
- Oakland Institute
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22 June 2021
New information indicates that Feronia's $15 million rice operations were taken over by a politically connected Belgian-Congolese businessman when they mysteriously vanished from the company's books in 2017.
La mère de Efolafola Nisoni Manu, agé de 20 ans, parle de sa meurtre en février dernier aux mains des policiers et des agents de sécurité de la société de plantations de palmier à huile PHC/KKM.
- RIAO-RDC et GRAIN
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30 April 2021
Monsieur Manu Efolafola a été jeté dans le fleuve Congo sous menotte par les policiers et gardes industrielles de la société de plantations d'huile de palme PHC FERONIA/KKM en RD Congo.
A Kuramo Capital fund filed suit in Delaware seeking to oust the manager of its investments in DR Congo palm oil plant over his alleged scheme to loot the business.
One of those attacked by the company’s security guards died shortly after being badly beaten, tortured and detained.
- RIAO-RDC
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26 February 2021
Le président de la société civile Basoko (rive Lokutu) dénonce les récentes arrestations et violences policières suite aux protestations pacifiques contre la société de plantation de palmiers à huile PHC.
- RIAO-RDC
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16 February 2021
President of the Civil Society of Basoko (Lokutu side) denounces the recent arrests and police violence following peaceful protests against the oil palm plantation company PHC.
- RIAO-RDC
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15 February 2021