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.
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.
Human Rights Watch found that DFID's CDC Group failed to ensure that the palm oil companies it finances in the DR Congo respects the basic rights of the people who work and live on or near its plantations.
IDH is working with FMO, the Dutch development bank -- which last year granted Zambian fully integrated tilapia operation Yalelo a $10.5 million senior secured loan facility -- to draw up guidelines for investing in African aquaculture.
NGOs call on the CDC Group and all the development banks involved in the Feronia-PHC oil palm plantations to publicly issue a clear statement of support for the mediation process and to ensure the security of participating community members.
The UK development bank has been accused of failing to protect workers from exposure to dangerous pesticides and paying “extreme poverty” wages on palm oil plantations in the Democratic Republic of the Congo.
Quatre banques de développement européennes financent actuellement une entreprise d’huile de palme en République démocratique du Congo (Feronia) qui viole les droits des travailleurs et rejette des déchets non traités, a déclaré Human Rights Watch dans un rapport publié aujourd’hui.