Goldtree Holdings - Sierra Leone

Goldtree is a commercial palm oil plantation and palm oil milling company in Sierra Leone. Goldtree is located near Daru in Kailahun District in Sierra Leone’s Eastern Province. Incorporated in 2007, Goldtree has succeeded in rehabilitating an abandoned palm oil mill and plantation, as well as reviving the oil palm industry in the province. Apart from Goldtree’s own nucleus plantation, the business invests in local enterprises by purchasing fresh fruit bunches from outgrower farmers within a 40 km radius of the mill. This supports thousands of families in the rural community and ensures that they receive a fair price for their product. The mill processes the fresh fruit bunches into crude palm oil (CPO), and palm kernel oil (PKO). The rapid transition from a defunct mill to operational plant was made possible with the support and assistance of three investment sources – the African Agriculture Fund (AAF), the Goldtree founder (Pan-African Agribusiness Limited) and the Finnish Fund for Industrial Cooperation (Finnfund). The investment has funded a nursery for improved hybrid seedlings, a new mill, workshops, offices, housing, vehicles and equipment, and working capital for ongoing operations.