Agri - Business: Sector Overview
Agri - Business: Sector Overview
Agri - Business: Sector Overview
Agri Business
Sector Overview
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25%
Non A.
Non A.
89%
Not Cultivated
Arable
75%
11%
Cultivated
GDP
Employment
Exports
Land
Arable Land
Crops
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Diverse Ecologies Support Ideal Growing Conditions for a Variety of Crops Western Area
Peninsula
Citrus, Mangoes, Livestock The site of Freetown is a region of thickly wooded mountains that run parallel to the sea for about 25 miles
Rice, Sugar, Oil Palm, Cassava, Cashew Comprised of seasonal floodplains (Bolilands) in the north, rolling wooded country in the south, and a variety of landforms ranging from savannacovered low plains to rocky scarp and hill country in the interior
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Cultivated
cultivation Western (capital) Area allows private ownership for any Sierra Leonean citizen The rest of Sierra Leone is communally owned, normally administered by the local Paramount Chief Investors can acquire long term leases throughout the country, with potential for multiple extensions Central Government prepared to help investors broker deals with local communities by taking a head lease from landowners and sub-leasing to foreign investors.
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rice, cassava, livestock, oil palm, cocoa, coffee, cashew, fisheries and forestry products using the agric. value chain Agric and agric-related infrastructure to promote the development/rehab of necessary infrastructure including feeder roads, irrigation, and post-harvesting facilities for processing, storage and marketing Private Sector promotion providing the enabling environment: regulatory review, incentivization, agribusiness financing Sector Governance ensuring an effective and efficient management of the sector, including 6 partner mutual accountability
Leading Investment Incentive Package 10 year tax holiday for tree crops, 5
years for cereals Import duty waiver for agricultural inputs such as agric-machinery and agro-chemicals Recent VAT reforms exempt agricultural inputs from sales tax on imports as well as consolidating seven other taxes into one to simplify business procedures
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$50
Historical Peak
$30
Conflict
Tobacco and cigarettes Tapioca of Cassava Fibre crops Spices Kolanuts Palm products* Cocoa beans Green coffee
$20
$10
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Brief Description
Good growing conditions and much uncultivated land. Production has increased over last decade but significant potential remains to improve yields with use of irrigation and agro-chemicals. Currently very little fertilizers and no irrigation! Areas suitable for mechanical cultivation include Torma Bum rice fields (51,300ha) in Bonthe District, Gbondapi Rice fields (41,100ha) in Pujehun District and Kumrabai Mamilla (35,500 ha) in Tonkolili District More than 5,000 ha of oil palm exist in Bonthe District, Southern Province Opps for integrated production & refining of ethanol (sugar, Cassava) & biodiesel (oil palm) Production of Palm Kernel Oil (PKO) and other ancillary products including soap World Food Programme now buying local rice and planning to buy palm oil amongst other things for its social protection programmes in the region Excellent growing conditions Sierra Leone is part of the tropical sugarcane belt Opportunity to meet local consumption demand (currently 50% met through imports) as well as export to EU & West Africa Significant success being made in Cocoa which is Sierra Leones #1 agricultural export 75,000ha of coffee and 40,000ha of cocoa in the Southern and Eastern provinces Enormous potential for improvement and growth -- pre-war favourable weather & soil conditions afforded Sierra Leone a 10% premium on world prices. These conditions still exist Gola Forest offers significant potential for carbon credits. A proposal has been prepared to the effect. Another proposal has been made for the countrys protected forests Hardy crop requires limited nutrients, which can be processed into a variety of forms Grows throughout the country -- significant export and value addition potential
Biofuel plus
Investors already capitalizing on agricultural opportunities include Gold Tree, Sierra Fisheries, Bio United Organic Cocoa, Balmed Holdings, Millennium Growers Cooperative, Addax BioEnergy and Chinese Sugarcane
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