As part of the plan, the company is investing in an Argo Oil Production Plant in the Industrial Park. The company hopes to buy crude palm oil (CPO) from local farmers and plantations in Liberia. According to the agreement, the company has no intentions of doing so because they do not want to compete against farmers. The passage of the Fouani Investment Agreement is expected to boost farmers in that their labour will now directly be realised without having to suffer because of limited resources which could not allow them to export their products before getting money from same. Additionally, the agreement allows the investors to construct, use, improve, and maintain existing roads and transportation facilities in the project areas.

Source: Front Page Africa December 12, 2023 02:28 UTC