European MPs issue an interparliamentary statement on the “Finance in common summit”, calling on public development banks to stop "harmful investments", such as those in the oil palm plantation company Feronia in the DR Congo.
- European MPs
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10 November 2020
Some communities where Okomu Palm Oil Plc allegedly acquired farmland to expand its operations have cried out over an alleged forceful occupation of their land.
- Vanguard
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03 November 2020
Broadcast with Joseph Rahall, Shiaka Sama and Frédéric Mousseau that looks at the struggle over land around Socfin's 18,500 ha oil palm concession in Sierra Leone.
- A Growing Culture
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24 October 2020
SOCFIN's operations in Sierra Leone is one of 5 cases documented by Friend of the Earth Europe to highlight the lack of accountability of European multinationals
The Feronia case, and other development bank investment failures, shows that there is a need to overhaul development finance institutions practices and to consider whether it might be better to just shut them down entirely.
Le cas de l’entreprise belge SIAT
- Entraide et Fraternité
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04 August 2020
Feronia announces that it has entered into a definitive purchase agreement with Straight KKM 2 Ltd that provides for the acquisition of its operating subsidiary, Plantations et Huileries du Congo.
- Globe Newswire
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21 July 2020
The massive Socfin oil palm plantation operation is one of post-war Sierra Leone’s biggest investments and one of its most controversial.
Update fropm the Compliance Advisor Ombudsman, accountability mechanism for the World Bank's International Finance Corporation, on the complaint from Liberian communities regarding IFC’s investment in Salala Rubber Corporation of the Socfin group.
Socfin, a Belgian holding company that operates palm oil and rubber plantations through dozens of subsidiaries across Africa and Southeast Asia, has been rebuked for alleged human rights violations at its plantations.
Mbonjo sits in the heart of Cameroon’s country’s largest oil palm and rubber-producing region and owned by the Belgian holding company Socfin.
Le RIAO-RDC est très préoccupé de la vente/transfert de la majorité des actifs de Feronia-PHC par la banque de développement de la Grande-Bretagne à une entité à l’Île de Maurice gérer par une société de capital-investissement.