Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698081189444.pdf (Sierra Leone)
t F IHrS AGREEMEM is mode on the Yeor of Our Lord Two Thousond ond Seventeen (2017) Belween I.

The Government of the Republic of Sieno Leone (GoSL) represented by eoch of the Ministries of Finonce ond Economic Development, Trode ond lndustry, ond Agriculture, Foreslry ond Food Security (hereofter colled "GOSL").
Kissy lndustry ond Troding Compony (KITC) Sieno Leone (SL) Limited estoblished under the Componies Act of 2009, ond registered under the lows of Sierro Leone with compony Certificote of lncorporotion Number 51090616K1SSY003372, ond with its regislered office ot Kissy lndustry qnd Troding Compony Limited, Old Oil Refinery, Queen Elizqbeth Rood, Kissy Dockyord, Freefown, Sieno Leone (hereofter cqlled "the Compony").

Recilols 2.
The Compony proposes to: (D set up ond estoblish o foclory in Sierro Leone with the copocity to produce up to 120 Metric Tons of vegetoble oil per doy from locol Crude Polm Oil; (iD estoblish Pqlm Kernel Nut Crocking ond Pressing lines which ore copoble of producing 65 Metric Tons of kernel oil per doy ond produce o wide ronge of products thot include but not limited to Refined Polm Oil (Polm Olein), Morgorine ond Confectionory Spreods, Refined Polm Kernel Oil, Soops ond Delergents; ond Animql Feedstocks.
(iii) moke o totol inveslment of up to 20 million United Sloles Dollors wilhin o period of l2 months from the effective dote lowords setting up lhe Foctory.

3.

As GOSL seeks lo promole privole country, especiolly in the monufocturing se investment will bring oddition to the count industriol volue choin.

seclor inveslmenl inlo the ctor, it is envisoged thot this ry's monuf octuring sector in I I I I lF ra Ct t., tR dl t \H.

I a tl IN 4.
I a tl IN 4.

The GOSI olso seeks to promote the estoblishment of sustoinoble economic centers in the Kissy Communily Areo.

5.

Ihe GOSI seeks to promole lhe exponsion of locol monufocturing production frorn .loc.ol 'ogi'icullurol products ond therefore prominenlly encourogjeq'the Compopy.lo purchose row moteriols from locol formers to imprbve the livelihood bt tfre rurol populolion for locol ond export morkelq.'

' i 6.
' i 6.

Ihe 'G-OSL :-\lveEdmes lqbor-inlensive induslries thot provide employment ond stoble income lo the youths ond lhus encouroges lhe Compony to support the troining ond development of smqll formers, employed youths both in monufocturing ond ogriculturol sectors.

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Considering: 7.

Ihe GOSI recognizes thot the Compony meets its investmenl ond privote sector development policy objectives; 8.
The GOSL recognizes the expected benefits the Compony will bring in terms of investmenl, job creolion, lroining, employment income, Corporote Sociol Responsibility, omong others; 9.

The GOSI recognizes the contribution the Compony will moke to creole volue oddition from the counlry's locol ogriculturol products ond possibly olher economic sectors in Sieno Leone; 10.

Ihe GOSI recognizes the timeliness to gront investment incentives ond protection from unfoir competilion to Klssy lndustry Troding Compony.
I l. The GOSL sholl cquse to tqke oll reosonoble meosures to increose import duty rotes on oll liquid olien ond ossocioted products imported ond dumped in Sieno Leone.

Such meosures sholl be opplied in occordqnce with the ECOWAS Common Externol Toriff (CEI) Prolocol.

2 12.

The Government ond the Compony ogree thot the undertoking mode by the compony in exchonge for toriff proteclion.
tox, fiscol ond other terms of this Agreement represent o foir ond bolonces ollocotion of risks ond benefits between Government ond the Compony over the ogreed period.

Now.
lherefore, Governmenl ond lhe Compony hereby ogree os follows: ARTICTE I INTERPRETATION The following copitolized terms wherever used in this Agreement sholl hove the respective meonings set forth below: "Agreemenl"- This lnvestment Concession Agreement ond ony further omendments mode pursuonl to its terms os well os oll of its oppendices; "Agricullurol Producls"- Oil Polm Producls ond ogriculturol crops ond their derivqtives produced os o result of the Compony's operotions ond processing octivities; "Aulhorisolions" - Eoch, ony or oll licenses, permits, visos, consents, opprovols, woivers, notificotions, opplicotions, orders, gronts, confirmotions, cleoronces ond qll exlensions required lo permil the tronsoctions confemploted by this Agreement, including lhe instructions required by Low from Government, ony relevonl third porties ond officiols of Government; "Buslness Doy" - Any doy other lhon o Soturdoy, Sundoy or o holidoy declored by lhe Governmenl os on officiol public holidoy; "Commerciol Produclion" - ln ony period, following the Effective Dote, where the production of processed ond finished producls os envisoged in the Business Plon, reoches 40% or more of the instolled produclion copocity of the fqctory; "Commerciol Produclion Dole" - The dote upon which the compony reoches o torget of 40% ot lhe instolled foctory produclion copocity; 3 "Conlrqclors - Any person or orgonizotion thot controcts directly or indirectly with the compony for the supply of goods or services directly reloted to the compony's operotions; "Crude Polm Oil" - Oil produced from crushing ond pressing lhe mesocorp of the Oil Polm fruit; "Crude Pqlm Kernel Oil - Oil expelled from the crushed kernels of the oil polm fruit; "Efiectlve Dole" - The dole on which lhis Agreement rotified by lhe Sieno Leone House of Porliomenl; "Employee" - An employee, whether long-term or shortJerm of the compony in Sieno Leone; "Business Cqse" - the Business cose ond Fiscol Concessionory Proposol, herein included os Appendix A to this Agreemenl, which provides detoils of the business plon, foclory construclion, mochinery instollolion, production torgets ond fiscol concessionory proposols of lhe compony; "Force MoJeure"- ore unforeseeoble events, circumstonces or couses beyond the reosonoble control of either porty to lhis Agreement with sustolned disruption of lhe operolions ond performonce of the Compony; "Oil Polm Producls ond Derlvqllves" - products monufoclured from Crude Polm Oil or Crude Polm Kernel Oil, including refined bleoched ond deodorized oils, polm olein, polm steorin, processed food products.
onimol feed, cosmetics, toiletries ond biodiesel; "Produclion" - ony or oll of the folloWng, when conied out by or on beholf of the Compony: the purchose, tronsport, sloroge, processing, distributing, morkeling ond selling of oil polm producls ond derivolives; ond oll olher operotions of the Compony incidentol lo, orising from or directly reloted lo the design, instollotion, operotion ond mointenonce of foctory infroshuclure; 4 "Stobilisotion Period" - the period gronled under this Agreemenl, gronted lo the Compony for the exemption of or reduction in Duties ond Toxes io enoble it stobilize ond speed up its operolions; "Subconlroclor" - ony person or orgonizotion controcted directly or indirectly by o coniroctor of lhe Compony lo couse lo provide some portion of the supply of goods or services directly reloted to lhe compony's operotions; "Toxes qnd Dulies" - Any ond oll direct ond indirect toxes, duties, levies, roles, chorges qnd olher Government-imposed poyments of whotever noture ond however colled ond levied, whelher similor or dissimilor to the obove- mentioned; "Term" - hos it meoning os in Arlicle 3.1 .
2.1 Porties ARTICTE 2 PARTIES The porties to lhis Agreement ore the Government of Sieno Leone (GOSL) ond Kissy lndustry Troding Compony (KITC) Sieno Leone (SL) Limiled.

ARIICTE 3 TERA/I OT AGREEMENI 3.1 Term The term of lhis Agreement sholl be 10 (ten) yeors from the Effeclive Dote, unless otherwise exlended pursuonl to Section 3.2, or terminoled sooner in occordonce with other provisions of this Agreement.
3.2 Extension of Term (o) The Compony moy ot leost six (6) months prior lo the expirotion of this Agreement opply lo the Minister responsible for Finonce of the Government of Sieno Leone, for o renewol of this ogreemeni for o further period of five (5) yeors effective from the dote of lhe expirotion of this Agreemenl.
Upon such opplicotion, provided thot the Compony hos met oll its obligotions under this Agreement ond is in complionce with the lows of Sieno Leone, the Compony sholl be entitled lo such renewol upon such foir ond equitoble lerms ond conditions os moy be ogreed upon between the Porties to this Agreement.
(b) Upon the receipt of such notice to renew this ogreement os mentioned in Article 3.1, the Porties undertoke ond ogree to prompily ond expeditiously (in ony event nol loter lhon twenty-one colendor doys from the receipt of the notice of renewol by the Minister responsible for Finonce) to engoge in negotiotions in good foith within the objective of ogreeing on the terms ond conditions upon which this Agreemenl will be renewed.

(c) ln the event the Term is not extended pursuonl lo the provisions herein.
the Compony sholl be entitled lo conlinue its lovvful octivities pursuonl to the lows of Sieno Leone.
ARTICTE 4 GRANTING OF CONCESSIONS AND RIGHTS 4.1 Production Rights The Government hereby gronts the Compony the right, in occordonce with oll opplicoble Lqws of Sierro Leone, but subject to the provisions of this Agreement, to engoge in: (i) the purchose ond processing of Crude Polm Oil ond Polm Kernels; (ii) the production of o wide ronge of Oil Polm Products ond Derivotives; (iii) the development of ogenl nelworks for the purchose of oil polm produce from formers; ond (iv) the morketing, distribution ond sqle of oil polm producls ond derivolives in the domestic economy ond, where necessqry, lo exporl to olher countries.
6 4.2 Protection from Foreign Compelition To support the 'Mode in Sierro Leone' Government sholl provide the conducive environment necessory to prolect lhe Compony from unfoir compelition through some meosures thot include the following: 4.3.
Toriff Protection The Government undertokes lo ond qgrees with the Compony thqt it shqll: (i) implement o toriff regime conducive lo provide o comporotive odvontoge ond protection to lhe Compony from foreign products dumped locolly, ond oll olher items included in Appendix B of this Agreement, which lists the full ronge of oil polm producls ond derivqtives monufoctured by lhe Compony; (ii) include in the Finonce Acl 2018 or ony Finonce Act preceding the effeclive dote of this Agreemenl, the opplicoble toriff regime thqt shqll be opplied lo the importotion of products olreody produced locolly in order to protect the Compony from unfoir competition with foreign dumped products.
4.4 Toxolion, Goods ond Services Tox, lmport Duties, ond Withholding Toxes on Poymenls lncome Toxes From the Effective Dote, lhe income of lhe Compony sholl by toxed pursuont lo ond in occordonce wilh the provisions of the lncome Tox Act 2000 os omended, ond oll Finonce Acts, the lnveslmenl Promotion Act 2014 ond ony other relevont legislolion opplicoble to the income of privote inveslments in the monufocturing secfor.
The Compony sholl be entitled to cloim deduction ogoinsl chorgeoble income in on omount equivolent to 100% (one hundred percent) of the following expendilure: 7 (o)octuol expenses incuned in respect of environmentol ond sociol impocl mitigotion ond/or environmenlol prolection ond reslorotion; (b)cosis of educoting ond/or troining citizens of Sieno Leone ond who ore: (i) (ii) full time employees of the Compony; ond not full-time employees of the Compony but bonded lo the Compony on completion of such troining ond/or educotion.
Provided thot such educotion qnd/or troining sholl: (i) (ii) not include primory or secondory school educotion ond sholl be relevont to employment of the kqinee concerned; ond include on lhe job troining ond sholl include 100% (one hundred percent) of lhe woges of on employee serving on opprenticeship course opproved by lhe Government.
(c)The cost of ony scholorships provided by the Compony to citizens of Sieno Leone; lmporl Dulles During the Stobilizotion Period, the Compony sholl be exempt from lmport Toxes ond Duties of oll kinds ond types (excluding ECOWAS Trode levies), in respecl of oll mochinery to be used by the Compony in in its foctory ond on onything whotsoever to lhe extenl thot such lhot such import toxes ond duties constitute toxes ond duties on moteriols used for the production octivilies of the Compony.
The Compony sholl poy import duties prescribed by low on fuels including diesel.

Goods ond Services Tox The Compony sholl be relieved from Goods ond Services in occordonce with Section 12 ond the Third Schedule of the GST Act 2009 qs omended for o period of five (5) yeors.
8 Withholding Toxes on Poymenls During lhe Term (including the Stobilizotion Period), lhe Compony sholl withhold loxes on oll poyments to its suppliers ond other controctors in occordonce with lhe provisions of the existing Lows of Sieno Leone.

4.5 Benefil of Finonclol Provisions Sove os is herein provided, the finonciol provisions contoined in this Agreement sholl be to the direct benefit of the Compony.
The controctors ond sub- controctors which sholl only benefil from these provisions if the goods ore consigned in the nome of the Compony ond be used its operolions only.

4.6.

Umilolion on lmporl Duty ltolver The Compony sholl import only items used for the project including bul not limited to plonts mochinery ond equipment ond items listed in Appendix C which sholl be exempt from oll import duties ond toxes in occordonce wilh the provisions of this Agreement for o period of five (3) yeors.

4.7.
4.7.

Sloblllsotion Period The Government sholl, for the term of this Agreement ond ony renewols thereto (herein refened to os lhe "Stobilizotion Period"), gront lhe Compony lhe exemptions from dulies ond loxes under the terms of lhis Agreement lo enoble it stobilize ond speed up its operolions.
ARTICtE 5 CONDUCT OF OPERATIONS 5.1 Produclion Aclivilies Subject to the lerms of lhis Agreement ond the opplicoble Lows of Sieno Leone, the Compony sholl purchose the primory products necessqry for ils octivilies, such os Crude Polm Oil ond Crude Polm Kernel Oil, Polm Nuts ond operote ils business in occordonce with estoblished Oil Polm lndustry stondords ond consistent with prudent business proclices.
The Compony sholl engoge in ihe refinery, froctionolion, pockoging, morkeling, distribution ond sole of vorious I types of oil pqlm products ond their derivolives for sole in lhe domestic morket ond, where domeslic use needs hove been met, for exports to other countries.
5.2 Performonce of lnitiol lnveslmenl Obllgolions (i) (ii) Within 6 monfhs of the Effeclive Dote, the Compony will invest in o full industriol monufocfuring plont or plonts lhot hove the copocity to produce the ronge of products listed in Appendix D to this Agreement, ond in the respective torgeted volumes.

For the purpose of clority, the foclory is expected to process up to 100 Metric Tons of Crude Polm Oil per Business Doy.
lf, within twelve (12) colendor months from the Effeclive Dote, the Compony foils to use oll reqsonoble efforts to hove o full functionol monufocturing plont operoling in lhe counlry, the Compony sholl notify the Governmenl lhe reosons why it foiled to meel such performonce obligotions.
lf within eighleen (18) months from the Effective Dote, the Compony foils to ochieve Commerciol Production levels of oulpul, the Governmenf moy, by notice in writing lo the Compony, inform the Compony of ils intention to terminote lhis Agreement if the Compony foils lo ochieve Commerciol Production within three (3) colendor months from lhe dole of such notice.
(iii) lf the Compony foils lo ochieve Commerciol Production on the expirotion of the notice given by the Government os provided in the lost preceding clouse, the Government sholl be entitled to terminote lhis Agreement by notice in writing to lhe Compony.
5.3 Domeslic Use of Producls To the exteni thot lhere is sufficient ond effeclive demond for the oil polm products ond derivotives monufoctured ond produced by the Compony in Sieno Leone, the Compony ogrees to sell qll of whot is required from its production octivities lo the domestic morket.

Where il is delermined thot the production copocity of the foctory exceeds volumes required by the t0 domestic morket, the Compony sholl be entitled to ond moy export some of its output to other counlries.
5.4 Purchose of Oil Polm Row Moleriols The Compony moy estoblish ond come in on Agreemenl to hove the right to ot oll times purchose, without limitotion, unprocessed oil polm products ond other row moteriqls from Sieno Leoneon oil polm formers ond olher persons in Sierro Leone, to process ond use os row moteriols in its monufocturing operolions.

ARTICTE 6 EMPIOYMENT AND TRAINING 6.1 Employmenl 6.1.1 The Compony's employment proctices sholl conform to the exisling Lows of Sieno Leone.
ln no cose sholl the Compony knowingly, ofler reosonoble enquiry, hire non-Sieno Leoneons for unskilled positions.
6.1.2 Sove for lhe provisions of the Monogement Controcl gronted to the monufocturers ond suppliers of the foclory mochinery ond plont equipment, which permits them lo bring in certoin cotegories of highly skilled expotriotes for o moximum period of five yeors, the Compony sholl give preference to the employmenl of oll levels of finonciol, occounting, technicol, odminislrotive, supervisory ond senior monogement positions ond other skilled posilions to quolified Sieno Leoneons who meet lhe minimum requirements ond expectotions of lhe Compony.
6.,l.3 Where the Compony is unoble lo hire o Sieno Leoneon to fill ony posilion ot the level of finonciol, occounting, technicol, odministrotive, supervisory ond senior monogement ond other skilled position within o reosonoble time, the Compony sholl provide to the Governmenl proof lhot it exhousted oll possible oplions ond wos unoble lo otlroct quolified Sieno ll Leoneons who meel the minimum requiremenls ond expectolions of the Compony.
6.2 Troining For lhe purpose of 6.1 obove, in oddilion to providing onJhe-job troining, vocotionol troining ond other meosures necessory ond reosonqble to ochieve ils employmenl objectives, the Compony sholl use reosonoble efforts ond resources to provide troining for it Sieno Leoneon employees with o view to quolifying them for the positions described in 6.1.3 obove ond os required by the Compony's operofions under lhis Agreement.
ARFTICtE 7 OBLIGATIONS 7.1 GOSL Obligolions No Unheollhy Competition The GOSL sholl opply oll reosonoble meosures to ensure thot the Compony is prolected from unheolthy compelition with foreign dumped products ond to ensure lhot lhe Compony hos on odvontoge over importers of producls which ore monufoclured for sole by the Compony in Sieno Leone under the provisions of this Agreemenl.
7.2 lnveslor'rObligolions The Compony sholl develop ond implement o Corporote Sociol Responsibility (CSR) plon bosed on q collqborotive community needs ossessment with the relevonl MDAs, locol governmenl officiols ond the communilies themselves; (i) The ogreed CSR plon sholl contoin feosible timefrome for implemenling the ogreed CSR inltiotives os the cqse moy require.
12 Upon commencement of the implementolion of the CSR plon, "The Compony" sholl submil regulor ond periodic progress reports of its CSR commitments ond delivery in occordonce with o pre- determined monitoring plon.

The Governmenl representotives (including but not limited to the Ministry of Trode ond lnduslry ond Ministry of Finonce ond Economic Developmenl) sholl olso conduct periodic moniloring visils to oscertoin ond report to the effect.
(iii) Consistenl with lhe policy objectives ond slrolegic fromework of the Locol Content Policy, the Compony sholl be obliged to omong others: o. Evidently promole the utilizotion of locolly ovoiloble Sieno Leoneon goods in the lndustriol ond monufocluring sectors.

b. Focilitote the development of indigenous service providers by promoting linkoges with more odvonced ond experienced domeslic ond foreign firms.
c. Focilitote the development of indigenous service providers by promoting linkoges with more odvonced ond experienced domestic ond foreign firms.

d. Promote employmenl of Sieno Leoneons.

e. Develop the humqn ond institulionol copocity of Sieno Leoneons through lroining ond tronsfer of knowledge ond technology.
ARIICTE 8 FORCE MAJEURE 8.1 FORCE MAJEURE 8.1.1 Subject to Clouse 9.2, porties lo this Agreement sholl not be in breoch of the Agreement, nor lioble for deloy in performing or fqilure lo perform ony 't3 of their respective obligotions under lhis Agreement, if such deloy or foilure is the result of q Force Mojeure.
8.1 .2 Force Mojeure ore unforeseeoble events, circumslonces or couses beyond lhe reosonoble conlrol of either porty to this Agreement with sustoined disruption of the operotions ond performonce of the Compony.

8.
1.3 A force mojeure eveni sholl include but not be limited to ony of the evenls lisled below: Noturol Force Mojeure event (i) Fire, explosion, lightning, eorthquoke, londslide, storms, severe weother conditions, volconic eruplion, meteorites or other noturol disoslers or ocis of god; (ii) Epidemic plogue or quorontine; (iii) Serious occident, breokoge of focilities, plonl or equipment, slructurol collopse or chemicol conlominotion; Politicol Force Mojeure event (iv) wor initioted by GOSL or otherwise offecting Sieno Leone, (v) politicolly motivqted violence, sobologe, terrorism, strikes ond industriol relotions issues (other lhon lhose reslricted to employees of the Compony), 8.,l.4 lf on event is declored o Force Moieure event, the term of the Agreement sholl be extended by o period equivolent to the period during the Force Mojeure, provided thot if such period continues for four (4) conseculive months, the Compony moy terminole this Agreement by giving ninety (90) doys written notice to lhe Government.
8.2 The Compony sholl not be entitled lo rely on Clouse 9.1.1 unless it: 14 (t) (ii) Promptly nolifies lhe GOSL in writing of the noture ond extenl of the Force Mojeure event; Could not hove ovolded the effecl of the relevonl event by toking precoulions which, hoving regord to oll the mollers known to it before lhe evenl, il ought reosonobly to hove token, but did not toke; ond (iii) Hos used its best efforls to mitigole lhe effect of the event, lo corry out its obligotions under this ogreement in ony woy thot is reosonobly procticoble ond to resume the performonce of its obligotions os soon os reosonobly possible.
ARTICTE 9 APPROVAL OF CONCESSION AGREEMENT 9.0 Approvol of Concession Agreemenl 9.1 9.2 The Government sholl couse this Concession Agreement to be lqid before ond opproved by the Porlioment of the Republic of Sieno Leone for its rotificotion into low.

To the exlenl possible oll proposed Concession ore consistent with existing tqx low, GOSL however, confirms to provide the fiscol exemptions lo the Compony notwithstonding the existing tox lows.
ARTICTE IO ARBITRATION The Government ond ihe Compony sholl in good foith endeovor to reoch on omicoble settlement of ony dispute which moy orise between lhe porties in respect of the performonce, enforcemenl, execulion ond interpretotion of the terms of this Agreement.
ln the event thot the porties ore unoble to reoch on l5 omicoble seltlement, such dispute sholl be settled in occordonce with procedures ovoiloble in Sierro Leone for the setllement of such disputes provided thot of lhe inslonce of eilher porly, ony such dispule moy be submitted to orbilrotion for seltlement in occordonce with the rules of procedure for orbitrotion of opplicoble ond inforce in Sieno Leone of the time of such dispule.
ARTICTE I I GOVERNING tAW This Agreement sholl be governed by ond conslrued in occordonce with the Lows of Siero Leone.
ARTICLE 12 GOVERNMENT PROTECTION AND ASSISTANCE Government ond her ogencies sholl support the Agreement ond sholl not toke ony oction which prevents or impedes the due exercise performonce ond enjoyment by the Compony of its rights ond obligotions ond will olso render oll reosonoble ossistonce to enoble lhe Compony occomplish its oblectives in the best ond most efficient monner ond enjoy its rights ond privileges under this Agreement.
The Government sholl procure oll relevont public to moke such lowful orders qnd odministrotive octs os moy be desiroble from time lo time for this purpose.
ARTICLE 13 NOTICES (o)All orders, opprovols, nolices, ond communicotions of ony kind belween the Government or ony other representotive of the Government ond the Compony sholl be in writing ond the Porties herelo sholl not under ony circumslonces be permitled to ollege or rely upon any orol order, opprovol, declqrotion, notice or communicotion from the Government to lhe Componies or vice-verso.

Any such wrilten notice etc.


from lhe Government to the Compony sholl be delivered to the Compony oddressed to: 16 Kissy lnduslry ond Troding Compony Limited Old OilRefinery Queen Elizobelh Rood Kissy Dockyord Freelown Sieno Leone (blAll communicolions from lhe Compqny to the Government sholl, unless olherwise required by low or the lerms of this Agreement or unless the Government shqll direct by wrillen inshuctions to the compony be sent to Minister of Finonce ond Economic Developmenl.
Signed Leone 17, of Freelown, Sierro /)\"-it+ .rtl Mlnlsler of Flnonce & Economls Developmenl CEO, Klssy lnduslry & Iroding Co. t b.^r>- Minislel of Trqde ond lndustry Dheclor, Klssy lnduslry & Trodlng Co.

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'i{ Mlnlsler oI Agrlcuifure, Foredry ond Food Secudly 17 APPENDIX A BUSINESS CASE AND FISCAL CONCESSIONARY PROPOSAL OF THE COMPANY l8 KISSS INDUSTRS 8 TRADING COMPANS I , --I -- :ra.

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Suunpelnueut aql ur pur{ slr }o lsr} aql aq lllM pue srellop uotlltyl oz osn ol dn lsol ol paleurlsa sr spnpo.rd potelal pue aur.le8.retu 'sdeos pale)rpaLu 'lro alqela8al se q:ns slrnpo.rd snolren a:npord ;pm qrrqn 1ra[o.rd fuaugag l!O uled Jno s!t{l ']saAur ol tuauruorllua ssaursnq anrsnpuol e 3ur1ee;: ,{l}ueuodrrr arou pup lesodord s!q] tuasa:d o] rQrunuoddo srql sn 3u1n;3 ro; nor{ lueqt o} tueM am ',{uedu-ro] 8urpe.r1 pue fu1snpu; ,(ssry 1o luaua8euetA pue siotralrC ]o pJeog aq] Jo lleqeq uO AlISUH CONTENT EXECUTIVE SUMMARY INTRODUCTION THE OPERATING ENVIRONMENT THE PROJECT DESCR!PTION PALM OIL MARKET ANALYSIS ,usTlFlcAIroN FoR PROPOSED TNVESTMENT CONCESSTONS PROPOSED INVESTMENT CONCESSION TERMS APPENDIX.I BUSINESS PROPOSAL 3 6 8 lt 20 30 r5 58 1 'sluau{ed lo a)upleg s,auoal pJJarS Surnordtur pue aBueq:xa uBrato; uo alnssald aql SuonpeJ lrnpold aql Jo suodur Jo la^al arll arnpa.r I;;e:rlserp l1M snll 'auoal erlals ur lro alqpla8anJo uo!
)dunsuol,o %01.

tseal te JoJ Jale) lgrln rtopel 1o lndtno lenuue letol e qllM rno :Io alqeta8a^ Jo suol OOO'O€ ^laleurxo.rdde t\ I I t ,t AUODVI UnO UIIIL.EIE I altr.- - -- .

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E -t I L- --.. ie,I : tl.. E 'sasudJalua lrelar pue slpsaloqM 's)rlsrSol 'uodsueJl lllseurop ro] ssaursnq Mau aleaif pue sassaursnq pazrs uJntpaul ol lleurs ooo'[ ]a^o apnl)ur ol pe]leford s!
sDnpord paqsruu aql ro] lroMlau uorlnqrrlsrp aql 'SurDerluo) pue uorlnqrrtsrp 'Surseqlrnd UBnoJqt sqol Darlpu!
O0g ueql aroul pue sqof lerjlsnpur palIIs Mau 59 [ ol dn aleJaua8 ot pal]adxa osle sr sseursnq aql 'salplse uirpJ uled lro pezrs uJnrpauJ pue sjaurrpJ raploqlleuJs OOO'S l, ot dn apnPur lpql slJoMlau aseLl)Jnd lro urlpd aleerl l[M leq] ureq) Ilddns lndur ue qsrlqptsa ol paDadxa sr uorlprado ssaursnq aql fueTforidlliE sllolspaal lPuruv sluaSralao pue sdeos lro laura) ulPd pauuau sppaJds fu PuorDeJuol pup aurJp8iey!
(uerlO r.uled) llo urlPd pauuau :sMollol se paqulsap /{uarrq are asaql'salelsa uorlelueld aSJPl puP sraurP] rxojJ pesPq)rnd slaura) l.Uled pue lro u-rlPd apnJf lo stndur ,(a1 aql tuo.r1 spnpo.rd 1o a8uer aprm e a:npo.rd 11eqs suorlerado fuor:el fll) aql mCInoiFuP uo-!Dn-po-]a ',(ep rad llg lauJa) ulpd aprul lo suol lrrtay\1 97 pue,{ep rad sgnu;o Surlpru suot )rrlay!

59 or dn alpueq ue) leqt au;; 8u;ssa.rd pup aurl Burl:e:r-tnu ;aura1 urled e Surqsrlqelsa oslp sr ll '[pnhl OZ t] Aep rad suol lutay\1 OZ !
ot dn Jo slndur ;ro r-u1ed apn.o alpueLl ue),{.rope1 aq1 'po1.rad qtuouL-71Pla^o palsa^ul aqlllMuorlllyl 0zosnJo1e1o1 y 1to uled rlueseur mo1;ar( pue 1ro u;ed per - (odl) llo LUled apnrl Jo sadrt lle asrlrln ;Ina qrrqarr 'u orlerado lpulsnpur paler8alur I1;e:ryan e alerado pue dolanap ol sel.rnoser pauruJurol seq fll) sluaurlsaAul 'suorssaluo) lelsu pue aperl.roJ lsanba.r aql uoddns ot a)uaprna pup uorleurrolur puno.r81:eq aprnold ol sure g1 'r(ruouo)a auoal eJJarS aql uo DaJJa anrlrsod snopueuraJl slr pup lueurlsanur srqt roJ srseq aqt ]no sras (ISo9) auoal eJJals Jo luauruJalog atll ol lesodo.rd fueuorssa:uo3 lelsrl pup asp3 ssaursng srql 'uorlerado 1o srtluotu Maj lsJU aqt ro; sasuadxa patelar pue qellder 3u11lor"r 'alnlrpuadxl lplde) lo Surlsrsuor (tr xrpuaddy aas) uo!1!n OZOSn ,(laleurlxordde aq 1lrair,Qouel aql Jo, luaul$a^ur lelol aqt leqt paDadxa sr 1g spnpo.rd paleler pue rapnq 'auueBletr 'sluaBlalap 6 sdeos pelerpaLu '1ro alqelaBan srnpelnueur llrM leql rtope] e 3u;dolanap sl (flt)) ,(ueduro3 8urpe.r1 pue fu1snpu| ,{ssry RUVI^lhlnS ln[n]lxl 'rtopeJ ar.lr ot ,{al aq llM ur;ed rrao-r8 o1 pasn spoqteLu;o luauarrordu.r!
eq] 'sJeuJreJ llPuJs uJoJl ([o uled apnD,{;ureur) sleueleuJ Mer slr Jo ;;e Surunos aq ;;wr r{.rope1 eql a)uls - s lnosaA ptryo1,1 SuySouory :Z rDlttd 'alnpar llrm JoDas lelaurur aql uo a)uapuadap aq1 'r!

]unor aqt ur ssaursnq BuunDelnueu ]sa33!q aql l{llprlualod sV'auoal eJJarS ur eJpJ fuan sr lol:as 8ur.r n1:e1nueu.r aql u!

luaurtsalq - qwug )twouo):l pa{ts.tan6 :1 to11t6 n 'lt 't :Ar.radso.rd y epuaBy4o srellrd (9) xrs pup lr{]r;o3 ;er.rlsnpul leuolteN s]Uaurura^og qllM aull ur sr puP :a:npojd lllM 1!
slrnpoJd Jo r{tauen aql pup luauJlsanuryo lelal aqt qtlM auoal eriars ur purl sl!

lo lsJll aql aq 1;rm fuopel aq1 'uolSar-qns aqt ol suodxa ro} leltualod pue spueuap leuotlpu taaur ol a;qede: aq llrM auupSreur pue sdeos 'lro alqeta8el Jol 'a'r lueld 3ur:npe;nueu q:ea ro slndlno aLltlpqt paDadxa s!

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puesnourrouasr ,tope1aqlJol lellualod aq1 (lalieLu aql urape.rBlsaq aql) lP^el eJ|y,(q pa.rnpelnueui ssrMs s!
llo alqelaSa^ aql auuar ol pasn aq ;1rm q:rqna 1ue;d 3ur-rnpelnueur uleur eq1 'spnpo.rd asaql SurJnDlenupu roJ spJepuels leuolleulalul ssell lsJu slaaur pue Mau pueJq aq 1|r,rn,!ope1 aql unJ ol parrnbre aq lllM teql ,laulqreu aql 1|y 'Atuouora auoal e:rars aql lo qlmor8 aqt pue luauJlsanur leqt SurAoJd :sie)npojd lelol u.loJl l!o r.uled apnJl 1o luauarn:o.rd slql ]noqP snouas a.re aql ro] stuaura8ue.rJe apeur pue puel parrnbre 'sapolle] snorJen aq1.ro1 ,{.raugqretu pue 1ue1d 11e Suurnb:e,(q luaurlsa,rul s!r.l] ol tuaurllurruo) e apeu ,(pear;e seq fLl) 'lso9 Jo uotlueup aql .ro1 ;esodold s;q1 uolpues ol papoap a^eq f1l) Jo sJoDarlo Jo pJeog aqg qBnoqlly ^aql '9 tOZ ul uo!ll!1,11 Z'€ gsn punorp le pateurlsa 'spnpo.rd asaql uro4 saxel uodtur lelol aql spealxa srql'r{;;enuue uo!ll!
}l| 9 gsn paalxa ol paleullsa sr suorlerado;o g -.rear( punore suorle.rado ssaursnq fll) aqf Jo asnp)aq ro urorJ palerauaB eq ol saxel lelol ro lunoure aql'saxe1 uorle:od.ro3 pue xel safrrues pue spoog u.roJJ'au'rlJo pouad e.rage pue Uels slrJo saxpl lAVd Luor]:tuauJou aqlle parnlde: lou are q)rqM (lla sJauodsuetl 'sjautel lleLus 'a'r) ,{uedu.ro: aqt qrlM ssaursnq Surop sasr.rdragua urorJ saxel auolur Jo r.uJoJ aql ur luauJulalog aql JoJ sanualal xel Mau aterauaB o] papadxa s!
palold sar]lsnpur lll) aq1 l)Edurl le)sll r!Jal-5uo'l ol urnlpol^l fulunor aql u!

suolleJado lprJlsnpur Mau sp llem se uolsuedxa pue quro.r8 olur lleq paq8nold aq o1 papadxa aJe sluaullsalur aql Jo sluauaq aql 'Iuedu.ro: pauMo ueauoa'l elJers e sy 'Iu.rouola aql ro1 a8ueq:xa uBra:o1 alerauaB ol paDadxa a.re sDnpold paqsruu ssa)xa slr Jo auJos;o syodx3 '1a1.reur )rlseurop aql ur seseaJlur asn aq1 se 'fuope1 aqt {q pa:npord aq 1pm 1eq1 spooB uodurr o1 pasn 3uraq,{;luarrn: s!
}eql a8ueq:xa u8rarollo uollllt Os $Sn or dn anes o1 papadxa sr Dal'o.rd aqf slu-5in-IEif 6bile-IEII s 'JO])aS aql ur saJnlue^ raqlo uo ale1 llrm sJotsanur raqlo sp peleurlsaJapun aq l,uplnoqs Suunpe;nueur ur sluaurlsa^ur raqlo 1o luauraBernorua s1 pue ssallns sfll) Jo DaJJa alddu aq1 'r!lunol aLll ul apeui sluauJlsalur Jo rqlsla^lp aql aseaJlul pue :a^rlerlrur ,,auoa'l prJals ul apey\,, Jno JoJ a^rlrsod sr qJqM ro]las Suunpelnueur aql ul luaurlsarrur a8erno:ua lllm luaurlsanu!
slll) Joj uoddns 'uorlrppp ul 'Fu:ouo:a auoal er.rars eqt uo luaulsanur sl1|) Jo peJJa aarlrsod lelol aql pue :slueulsalur Suunpelnueu a8erno:ua ot auop aleq sar,rlunol uerrJv reqto lpqr* ,(q lsanbar slqf Sul,(llfsn[ ase) poo8 e apeur a^eq am ';esodord srq] ur palqSllq3!t.l slsanba.r sa^r]ualur apeJl pue lelsr1 ol Dadsa.r qllM 'r(u.rouo:a auoal eJrars eql Jo] altltsod sl leq] lladsp larlloue os;e st spnpord fll) Ilrlpnb qBrq Iq parnflrsqns spodurr deaq:1o uotpnpet aql lo alueleg s,auoal prrars ro1 anrlrsod aq lpM ssaursnq Suunpe;nueu.r 'r{1leuor1rppy'sluau.rr(ed srql Jo DaJla aql 'suodxa .lol alqelre^e pue lalJeur auoal eJJars aql roJ spuetlap luarrnl ]aaul llp Jo rsrg ;1uvr spnpo.rd fll) lle Jo slndlno uorpnpo:d paDadxa aqt a)uts 'suorleuodrur .ro; parrnba.r a8ueqrxa u31a.ro; uo ureJls luarlnl aql But)npar r{11er:adsa ,(urouora auoal eJJarS aql uo sDaJJa anrlrsod pJolar llrM tuaurlsalul slql 'sJotfelluol raqto pup :sassaursnq srlls!8ol pue uorlelodsuerl :sDnpord 111y Surglas aq ll!M ]pqt sassaursnq pelal pue alesaloqM lOdl Jo sJalnpord le.rn1lnrr.r8e uaemtaq appll pesearlu!
qllM 'ulaql -ro; sra,{nq Surpurl pue spnpo.rd rlaql 3uluodxa Jo sa8uallpqr lellrs!3ol pue a^rlerlsrururpp aq1 qBnorql oB ol a^er.l 1ou 11rrvr,{aql pue la>npo.rd .r!ar{t }o ralet go ,{pea.r e a^eq IIM Odf ;o srarnpo.rd esaql se snourroua aq 11rm rllsnpuq ;eln1;n:u8e aql uo DaJJa aql'^lleuoltlppv 's8urql raqlo Suoue alrlerlrur lualuol ;e:o; s.luauu.ranoB aql laauJ pue appll leuJelur aspaJrur 'sqo[ aleaJ) l1M 1r se ,{uouora auoal eJJarS eLll uo DaJJa anrlrsod e aneq llrM snll 'srauJJe] lleus pue slllr.u 3rq uo.r1 663 arrnb:e ;1na 311y a:ur5 'sueauoa"l eJiars Iueul JoJ auro)ur 6ue.ren8 lpm fuolre1 aqt isJatu:eJ lleus tuojl r(;1e:o1 palinos aq ;;rrvr fuope1 aql JoJ sleualpur me:1o uoryod e leql Dp] arll pup lsqof par;pu; pue 1lalp alpart lltm ]!
'luaurr(oldura q8notql - uo\)alord topos :g )Dpd .

!^ t rpllrd ur pauorluaur se aleai) lpm t!
sqo[ er.l] qllm - yawloldwS puo lnoqq :9 rDlttd '^ 'enordu-rr lpM sueauoal errar5 .ro1 luaul{olduJa 'a^oqp errar5'spnpo.rd slr uodxa o1 ;er1ua1od aql ql!/vl - ssauant\adwo) louotlouJarul :t JDlltd .At 'anordtur lpM laIJeLu pliom aql ur ssauaarladtuo) s,auoal '3ur1a1reur pue uorlnqulstp'luauaBeueuJ ureq: Ilddns'3ur.rnpelnueu ur sllrls Meu uJeal ol ,t!unuoddo aql elpq lpM 'sueauoa"l er.rar5 Sunof,(11er:adsa 'suazrlrl 'aJoJeJaql 'slroMlau uorlnqrJtstp sqr qBno.rql sqof patlput OOg pue sqo[ palll)is paJrp 59 [ aleaJ] ol paDadxa sr fuope; a1l - luawdopnag uowng SurlotolD)V :€ )Dlld 9 'sa^lDa[qo )lruouola-oDos JaprM pue ssaulsnq sll sa^alq)P sDe[oJd luaurlsa^Ut fll] aql reqr aalueJenS pue petoid ot slaas pue 'uodau slrll u!
lno per.rJPl srs^IPUP aql Jo suoltepuaurLLtolal pue suolsnPuol aql tuno)le olur salel luauraaJSP ueJp aqt'tuaurerlJed pue laulqel Jo uorluaue aql roJ 'luauaaJSv uorssaruol lueurlsa^ul uPrp e Suliedeld sl fll) 'De[oJd eqt ]o /{rlllqe!^ urJal-8uol aql paJlp ,{;asranpe plnol leql sar:t1od u1 satueq:;o slstJ atlt aslullulul taqun1 oI 'saureqls apeJl lPUorleuJalu r raprM aql u1 seq ,{uouo)a auoal PrJars aql apsnu: antltladuol eql pue pa:npold aq o1 spnpo.rd aqr 1o ,(gddns pue uorpnpord aql .rol ade:spuel )aupt!
lpuottpulalul aql siaprsuor osle 1r :aJnDeJnueu ol suile ua[o.rd aqt leql asoq] Surpn;rur 'sDnpojd ia[!nsuo] ,(ueu 1o reuodlu!

lau p sr auoal erlars leql peJ aqt luno)le otut salpl 'suorluaruatur qlns lo sauro)lno pue stlnsal papadxa aqt pue luauula^og aq] uoJJ suolluarualul fuotelnBa.r pue {:rlod pa.rlnbar aql 'r(ruouora aqt ol sl!
}euaq ;eltuatod str 'sluaur}sanur aqt lo slrelap aql alpln)!ue ot slaas yodag ase3 ssautsng stql 'suotle:t;dulr lelsU pue lalJeur aneq teqt seinseau fuoleln8a.r pue r$;;od;o xtul e q8norql ]uauuJa^o5 aql uroJ; suorluaruatur arrnba.r plnoaa pue r{ueduor aq} ol snouaSoxa aq plnol sJolle} asaql Jo atlos teql paBesrnua sr ll 's.roDej 4sg.r aqt Surte8rtrur pue sropeJ ssa))ns aql Sullotuo.td 1o an;ua[qo lal atlt qtlrra 'auoal eJJarS a1r; ,{Luouo:a ue u!
aleJ plnom tt stpalql pup slsu ledt:ut:d aqt sp lleM sp 'ssaursnq aLll JoJ ssa)lns ]o salueql aq] aluequa plnol leql srol)e1 ,(11tuap1 o1 'ase: ssaursnq sluo Apnls slrlt pauolssrtxruor lll) 'sarlrlrlre luar-udolanap ssaursnq stl Jo ued sv Ipnl5 ase3 ssaulsng z'l 'uorterado aq11o saprs lndtno pue tndur aql uo suleql ^lddns plrnq dlaq pue l&lsnpu!
u1 sqo[ pa11r1s alea:> lsanlen lndlno leuol]eu asear)ul :sale5 a8ueqrx3 rbuarrn: u31a.ro1 uo sarnssard esee lsluaui,(ed Jo a)uele8 pue aperl ]o alueleE s,auoal prrers uo anordtur dlaq 's8ultlr raqto Suor.ue'ot paDadxa s!

Daford aql'uor3al svMo]l aq] u!

salJlunol raqlo ol suodxa ro] pue :sDnpojd JelluJls Jo suodut!
Jo, satnlllsqns se lalJeul )lsetuop aql ur ,tl.rer.u;.rd plos aq llrM spnpo.rd asaql 'rellnq Burloor pue auueSleur 'deos Surpnpur spnpord patplar raqlo pue;ro 3ur>1oo: (OgU) pasuopoao pue paqlpale pauuau ;o uorpnpo.rd pue :lro laural uled pue 11o uled Jo uorlpuortrpr1 pue Surugar aqt iol'rrabrd luauJlsalur lprllsnpu!

ue 3u;leuapun s!
ue 3u;leuapun s!

'auoal errars ur paralstBar,(uedtuo: alenud e'319y punortlreg l't NO[)nOOU.r.Nl 0'l L 'pa[o.rd eql .roJ ]opeJ ssa))ns ,(a1 e se sarpoq luauJuralog qllm suollellnsuol Jo srseq aql uroj ol papadxa sr q)rqM 'uraraq pautluapt surral uorsseluo: aqllo fueuruns e saprno.rd 9 uorl)as 'sDnpo.rd sttJo applt leuottpuJalut aql u!
adelspuel arrlrladu.ro: aql ua^!8 pup stuauaq lpllualod eql Jo suiJal ur 'suorlerado s,311y og pat;dde aq ol suorssa)uo: ;eoads .rog uorlelrllsnf e sluasa.rd S uorDes 's;ro alqrpa 1o ,{lddns pue uorpnpold leuolleuJalu!

'sanle^ pue saunlon lodur 'suodLu!

aqt Jo ulSUo Jo sarJlunol aql uo Sursnrol :l!)
parnDelnueur aq ol sDnpord rgr:ads aql JoJ suorllpuol telteul ;erauaB aql )e slool , uorDes 'sa.rnlrpuadxa ;e1;de: pue luaurdo;arap ureqt,(lddns 's1aBte1 1nd1no pue uorpnpold 'paJnlre;nueur aq o1 sunpo.rd 'spadse luaudolanap aq] lo suJrel ur :adors pa[o.rd aql Jo uolldU]sap e saruB € uorpas 'luatluorlua Sulle.rado lpoueuu pue llurouola aql lo Merruelo ue sanrB Z uolDas 'suorDas (9) xrs olut peptntp sl yodat srql ^roDe] ^q Uodau aql ,o sluauall €'l 8 'ra^ol uodur!
Jo sqluolu 5't lseal lp lo saruesar a8ueq)xa uEraJoJ uretulpuJ ol alqP uaaq sPq ll '3u !puelsqllMlou slrll 'uorlltru slr pasParlur auoal eJrars Jo lueS aql E$ Ol Uollllur !$ ruo.r] uolDnP aSueqlxa uSraroJ '9lOZ aunful '9toz pue gooz uaaruaq uolllltr{ osn t!

'62- paSe]a^e auoal elJars ur aperl}o a)uele8 '9 toz ,o aunl ul uo!lllt/!
osn 68'zs Jo lr)uap apeJl e papJo]al auoal errars 'sa)ueleq luno)le lualJn) pue apeJl alrle8au lualsrsuor 3u1plo:a.r 'lauodurr ,"la r, aroa] ^llaaM =rr"'S apeJl lPUorleuJalul tp paDafo.rd s!

/I0z rol uorpallo) anua^ar lllsaurop lerol'9102 u!

%['8- or s[02 u!

do9 a.ro uor-uou Jo %9'6- u.ror1 ,{;lq8rgs ra^o)er ol paUa[o.rd sem (sluer8 3urpnl:xa) a]ueleq le)su llpra^o aql '9IOz u!
las uorl|rl 89'zal uoJl dn'uor;;r.r1 S'€al @ '(.rear(-uo-.reaI) 9 IOZ raquraraq q%1L'BZ Aq paler:ardap peq (auoa'] aLll) Itualnl le)ol aq1 'paleqeun uleurar sarnssard ale.r a8ueqrxl '9tOZ raqualaq q %Ln'Ll paqteal uorlpgur 'S lOZ JaqtlalaO ul %5'6 Jo aseq e uroJJ Sulslu 'aruels fuelauour a^rlepoururo))e pue q8norql-ssed aleJ a8ueq)xa ro lunof,re uo asu ol sanurluor uollegul a)ud raurnsuol) uo!leuul '9t02 %S'9 puno:e ol dn 1r1d ot qyrro.r8 urat-urnrpaur spafo.rd lNl eLlJ.
'ltOZ ur %€', uro4 OZOZ ul %r'S ol SLOZ ul %9'OZ- urorJ ra^olar ol paDafo.rd s!

(d6g) qlmorg )rlsauro6 ssorg lpau do9 ^q ^q 'saleurlsa 1sagel aq1 og Surprorre S IOZ papprluol .rauparaql pue t lOZ ur %9'?

ol t IOZ ul % t'OZ lue,(onq e u.ro4 paurllap ul %s'tZ qlmorB llu.rouora se rOo1:a[e.rl quao.r8 anrltsod agqel.retua.r s!1uno) aql pasrale.r pue I1r;rqels le!
)ueuU-oJleur paDaJJe aur;rap arr.rd aro uo.r aq1 'sa:ud ,llpoururor u1 do.rp Surpr:urot pue Iparqtno aql uJorJ slalolar fulunor aqt se qy'lo.rB prlos o] urnla.r ol paDa[old sr auoa] eJJarS 'qtrvro.rB an;1e8au Burprpa.rd s loz roJ stse)alol pue , loz ]oJ saleultsa qllM 's!s!Jr ploql eql Jo tqBraq aqlSuunp llal srq] apqM'tua: rad 67 F;aleurrxo.rdde ser,r qvrao.rB dO9 leal s,auoal elrars IOZ ul 'uorlrsodo.rd luaurlsanur alrltreJue ue luasald sleluauepun] lluJouola s,euoe"l eJJatS '€ Ioollno le!
)ueulJ pue ,!urouo)l l'z rNrv{NoutANf DNlrwrdo rHl o'z 6 'lualuo) lelol a^oiduJr ol paau eql Bu!pnllur erJalrJl lue^elar Jo uorpelslles aLll uo tuaSutluo) are sanrluarur q)ns 'suorlduJaxa xe1 sa)rruas pue spoog pue suortduraxa ,{tnp uodru!
'sasodrnd xel au.ro)ul JoJ suorpnpap 'suorlduaxa xel auolul apnl)ur aseql 'auoa'l erJatS olut ,{3olouqra1pue le1tde: u8ga.rollo MoUur aql alouJold pue luaur}salu r ro}les ale^;.rd aBetno:ua ol sa^rlualur snorJe^ urPluol sllv elueulj snorJe^ pue 0002 rrv xel auJolul s,auoal pltats 'lso9 aql Iq par(e1ap Jo paDnJlsqo uaaq a^eq leql sluaullsa^ur(q) Jo'asudrelua sseursnq p ur luaujlsa^ur ue (e) o] lradsa.r qllrvr lsog aql pue rolsa^Ur up ueaMlaq alndsrp e 1o tua^a eql ur (eaJBe r(eu sarued aqt se r{.raulq:eur leuorleuialur Jaq}o qlns repun uorlnlosal Jo) uor}eJlrqJe (.lwll)Nn) Mel aperl leuorteuJalul uo uorssrr.lJuro) suollpN pallun ro; Surprnord 'ulnroJ leuoupurelur ue ur salndsrp Jo luaualuas aql Joj IJoMauJer] e qtlm salrlua)ur asaql sluaura;ddns y61 aql 'aprn9 ro5a^ul srql Jo I sued ur lrelap ralearS ul paroldxa aJe asaql 'suorldu.raxa ,tnp uodur!
pue sasodrnd xel auJolur .rol suorpnpap 'suorldu:axa xel auolu!

apnllur sanrlua)ul uorDnrlsuol pue Suunpelnueu.i 'saulsnpu r-o.rBe 'arnlln:r.r8e ur sDa[o.rd uorsuedxa pue sasr.rdtalua rvrau alqr8r;a u1 luatua8e8ua aBerno:ua pue sau5npu!
:gr:ads o1 sluaurtsanur lauueql ol pauBrsap uaaq eleq srolsalur uBrarol pue 1e:ol rlloq JoJ salrlua)urxel-uou pue xello,taueaV sa^lluarul xel- L'z'z 'sarlruJe, raqt pup sra{roM aler.rledxa .ro1 suorlduaxa sr..L/olsn) pue r(latlugapur sassol pJeM.roJ r0Jet ol salueduor toJ {Iltqe aql 'uotDtJlsal lnoqlrm lellder pue sluord aler.rledar ol A!llqe aqt Sulpnl)ul 'auoal prJars u!
srolsa^ur uBtarol o1 santluarul luerUluBrs sraJJo Vdl arll ,,'sarlrunuoddo luaurlsanur pue uorlea.r: yodxa 'sarlrunuoddo Surppe-an;ea,ro luaudolanap aql .ro1,, 'u31a.ro1 pup lltsaulop qloq 'luaulsa^ul aterl.td lo uotDeJlle pue uollotuo.rd aql asod.rnd $r se spq'auoal errers ur aurBar luaurlsanur ale,urd aql Jo uollepunoJ aql se saruas qllqM'(vdl) rooz trv uorlourord luaullsa^ul aLll lroi aurE4 &g;o6 luarulsarug Z'Z 'saxel pue apEJl lPuolleuJalu!
'sqo[ pa1;;1s-q3;q '1nd1no uo slraga rolras-sso], s11 uaal3 'qyuo.rt pue {r;ltqers rlurouo)a uo lredu!

rural-3uol qt;q e aleq plno, qrlqi 'Lrtsnpu; tuglnlrelnueur aql u!

sluaulsaaul alea;.rd 1o ;e.r;ds p'uollour u!

las plno) leql auo s; 1ra[o.r6 f,IlI aql 'alnDnrlserJU r uodsuerl pue raleM ',{8raua ur sluauraloldurr 'a)uelsur to1 'qBno.rql qulolB pa1-.ropas alenud lo} luauJuoJtnua But;qeua aqt 3u;ao.rdu.rg pue {ulouo:a aqr Bu!!
!sJaA!p uo snlo},le;n:ryed e qtrnir'qyrrol8 pel-Jopas alent:d sastseqdua auurerSo.rd aq1 ',(lrlqels ;e:rlr;od luarrnr aq] uo Sursllelrder pup eleuJrl) tuauJlsalur slluno: aql 8ul5ooq te paulte sr au.rutetSo:d d?V s,lsog eql OI 'tual .rad €]o aler,(lnp uodu.r!

pe)npal e lleJue oslp slprlalpt!

me6 'luaudrnba pue IJaurqleur 1ueld 1o Dadsa.r ur saltnp lodru!
uo uorlduraxa rear{-aalql e,ro uorDnpollur aql apnl)ur asaq1'luauJlsanur ;ern11n:u8e a8ernolua o1 pau8rsap uaaq aneq stlJo1al lualau 'ssarord Surunsuo: -aurl pue pale:rldtuo: e r(lsnornard seM leqm ol uorlelupell Surpno.rd 'stuau:a:rnbar uodxa pue uodur; paurJo1ar JequnJ [ IOZ DV sr.uolsn] at1J_'SSOOZ I;rea aql ur pagr;dr.urs sem spoo8 payodrur rol arupreal) suJolsnl aa.r1r{rnp aJe sale5 nUyt; Jaq}o uo.rl syodrul 'sluauJlrlltlo) Surpulq 91tr1 s,auoal er.rals ulr.lllM a.re saler lll aql se '0_j)) JJI-rpl leulaua uoulr.llo) SVMOf l aql Jo uolleluauraldur!
lua:a.r aql ,{q pauage uaaq lou spq srql 'sraqurau\ o1.

',M raqlo ol par;dde are saleJ JJlrer (Nl hl) ,,uorleu-parno^eJ-lsour,, s,auoa'l e.rrats 'OIM aq]ro laqurouJ e sV aperl ut;alo1 7'7'g 'uolle.rls!3a.r pue uorle,l8!u.rr.u!
'su-rolsnl 3urpnl:ur salrruas ]uatlutano8 pallpadxa pue s,(ep;;oq xel alerodlo> real-aarql 'suorlduaxa ,!np uodxa pue uodu.rr Surpnpur 's(Z3S) auoz lrrxouo)J lerrad5 o1 paprnold aJe salrlua)ur leuorltppv 'Molaq ll Ued ur suortfes luplalal eqt ur paurllno aJe asaql 'slelrlnaretuJeqd pue usunol 'aJnDnrtserrur 'r{3raua'a.rn}lntUBe ursluaurlsalurJo} paluauJepdur uaaq osle eleq salrluerur tU!
:ads-to1:aS '(slelldsoq pue slooq:s1o Surplrnq aqt se qlns) salrruas ;er:os;o luaurdolanap aq1 pue'3u;ure.r1 'luaudolaaap pue qlrpasar uo arnlpuadxa roJ suorpnpap xel lua:lad OO!

pue :slpuatpul MeJ Jol sale: ,{lnp yodrur rar*o; :}uaurdrnba ro fuaurq:eu 'sgueld Suryodu.r!
sassaursnq Surtsrxa pup Meu roJ sarlnp uodulr uo pouad arerB reafi-aarql e :luaudrnba pue fuaurqteut 'lue;d uolar;ar xel aurolu r epnllur sa^rlualurleJauag'Molaq lretapJaqynl u1 pa.roldxa st q)tqM 3.0 THE PRoJEcr DEscRrPTroN 3,1 Overview KITC has committed resources to develop and operate a vertically integrated industrial operation, which will utilise all types of Crude Palm Oil (CPO) - red palm oil and yellow masanki palm oil.
The red palm oil is used mainly in the food chain in Sierra Leone and this will not be used in the production process of KITC.

The yellow masanki palm oil, which is usually smuggled to neighbouring countries will be used in the production process.

There are two types of yellow masanki palm oil, namely low acidity produced by palm oil mills (by SOCFIN, Gold Tree and Sierra Leone Agriculture) and high acidity produced by small farmers.
Beside the main factory plant, a 65 ton milliing plant for Palm Kernel nuts to produce a range of other finished oil-based products will be operational bearing in mind most of the palm kernel nuts are been wasted.

The operation is expected to serve as a bulk purchaser of palm kernels and crude palm oils from large oil palm plantations to smallholder farmers at international market price, to be used as inputs in its factory production line.
The production capacity ofthe factory is designed to enable complete replacement of importation of the key products, as well as enable the export of other value-added products to other sub-regional markets.

All the machinery and structures for the factory have been ordered and have started to arrive at the port, showing the commitment of KITC to this project.

The factory can handle crude palm oil inputs of up to 120 Metric Tons per day [1 20 MUd].
lt is also establishing a palm kernel nut-cracking line and pressing line that can handle up to 65 Metric Tons milling of nuts per day and 25 Metric Tons of Crude Palm Kernel Oil per day.

The business operation is expected to establish an input supply chain that will create palm oil purchase networks that include up to 15,000 smallholder farmers and medium sized oil palm farm estates.
The business is also expected to generate up to'165 new skilled industrial jobs and more than 500 indirect jobs through purchasing, distribution and contracting.

The distribution network for the finished products is projected to include over 1.000 small to medium sized businesses and create new business for domestic transport, logistics.

wholesale and retail enterprises.


The project is also expected to save up to US$ 50 Million of foreign exchange that is currently being used to import goods that will be produced by the factory, as the use increases in the domestic market.

Exports of some of its excess finished products are expected to generate foreign exchange for the economy.
As a Sierra Leonean owned company, the benefits of the investments are expected to be ploughed back into growth and expansion as well as new industrial operations in the country.
'11 zt ^aql uled Io pazrs runrpaur 'suJJp] raploq lleuJs uJo4 slaural uled l)allol llrM leql uolleJado ue a^pq lllM fIl) 'alnpoid iaqt jo Ja{PlJ}o ue a^eLl Mou l[M are sJa[xJeJ llPLls Jo apeJl pue auolur aql asearlur llrM LrolleJ aql JoJ lerJaleur MeJ P se slqlJo asn eql'sel)!unuiuro) aql ul alseM se ual aJe sllo uled apnrl Jo uolpnpord aLll u!
pa^uap slaural uled aqtlo uoruod aSrel e 'Illuasard 'strnrj uled lrO aql Jo slauJal palrp aql uorj pa^r.rap sr lrO laura) urled pauUaU sllo laura)l urled pauueu t'z't 'saunlon uorllnpoJd ssalxa aql dn-doru ol paDadxa are slalleui Suunoqq8rau.raqto alrqrvr 's1:npoJd aql JoJ lalreu .loqrue uP aq ot paDadxa sr lal.reuj auoal eJ.rars aql 'llnsa./ e sV 'pauodtul ,(ltuarnr s1 ueql sunpo.rd asaql Jo saurnlo^ arou a:npo.rd o1 rloeder aq1 seq &ope1111y aq1 'selrJatuv aql pue ado.tn3 'elsV ul stelJeuJ snorJpA ruoJ] pauodlur are speards p;gos {.reuoqualuol raqto pue raunq 'auue8reur 11e 1o 1ua:rad 691 '{epot auoal er.rars ul 's)lls!raDereql 1e:rsr{qd alqeueA aJou.r seq aJolaiaql pue 'lualuo) leJ p!los slr Jo suiral ur ,{;;eDadsa'Io urled }o uortlPr} prnb1l aqt 'ura;o ur;ed ueql uolllsoduol ur elqpupn eroLu s!
]l 'arnleradtual palloJluo) te uoltezlllelsfu: lplued Iq pa:npo.rd s!

leql llo uled 1o uort:e4 prlos aqt sr urrpals urled 'uralo ulpd aqt 3ur:npord ur lro r.rrled apnrl aql 1o ssa:o.rd rtaugar aql ]o pnpo.rd-,(q e s!
teql uueats [uled aql uo]J spea.rds fueuol]:eJuo) raqto pue auueS.reu;o a8uer e a:npo.td lgrivr fuope1 111y speerdg fueuolpaluo) pue au;.retrey1 7'7'g 'slrnpord aql lo sa:1-rd l1aqs anrlereduor lnoqllM uollnlrlsqns slql aleur ot sr ll_l) 1o leo8 aq1 'suodur r{1r1enb.ramo; ul saseailul rlllm pnpord ,{1r1enb raq8rq Surlnlrlsqns salgdrul ,!rsnpur Surloor lltsaurop aql JoJ ulalo LUIed OgU lo uorDnpord aql'sar.rluno: Sur.rnoqqBrau ol slunoure ssarxa Suruodxa JoJ pue :la)irpuJ )rlsaurop roJ sa^laqs uo raJlo.rol 'Dnpo.rd patlsluU e se qloq pasllltn aq ll!M Dnpord s!ql ^ue 'slnuead pue sueaqr{os'paasader'rarv\ouuns UJoJJ pa}lerua slro sa;qelaSaa peuual Jo suroJ Jaqto ot pareduror enlel pue ,(trlenb .raqSrq 1o sr 1g 'Burloor leulsnpur pue lrlsaLlJop JoJ pasn slro alqela8aa 1o sadiq lle Jo] atnltsqns Da;:ad e sr '3ur1oo: pue Burfu1 .ro1 alqPlrns r(||er:adsa sr Lpr.lM'DnpoJd srql'sarnleradual pallorluol 1e uorlezr;1e1srt) Jaue |o u;ed apn.r:;o uorteuorppr; arll {q pauregqo uopuod prnbrl aql sr uralO urled 'ulel6 urlEd (OeU) pasrJopoao pue paqreal6 peugag a:npo.rd olgndur ureur s1!
se od) asllrln llrrvr,to1rel 31;y aq1 ua!lo uled pauueu l'z'€ sMolloJ se paqulsap,(gar.rq are asaql'satelsa uollelueld aBre; pue srau,t.re] UJoJJ paseq)rnd slauray uJlpd pup po uled epnrl 1o slndur r{a1 aq1 u-ro.r1 spnpord 1o a8ue: aprr* e a>npo.rd l1eqs suorlerado fuorre} flty aqf statrpl tndlno pue spnpoJd Z'€, €r lla slnlr!8 u!lo'spooj orseN'patrun-ao'spooj lla/v\AauoH',ra^atrun I uorpnpord rlaqtJo uorsuedxa alqeua llrM srql'IJluno) aqt ur sureJ leurue ioJ urPql e ^lddns qsrlqPlsa pue spaa] lPUrue prepuels alnpoJd lllM fuoDP, l1l) slPrxrue raqt roj paal Jo alrnos alqerlal p sp aru3s llrM slel pup uralord Jo alrnos srql'la)jreu aql ur paqsrlqelsa Suraq aJe salJaSSrd pue sautlnod pazrs urnrpaLU ol llprus aJot!
pup arou.r sV'seulsnpur rOaSSrd pue fulgnod aq1.ro1 spaa; leurue a)npord ot pau;quor aq upl slaural aql Sutssard u.tor1 palerauaB alpl lauiel uled aq1 pue spea.rds fueuorlraluor'saurle8reLu 1o uorpnpord aql uro.rl salseM aql'paa1 lpr.urue pa)npoJd o1 paurqtuo: aq ue) sllo 1aura1 urled pue slro uled 1o ssarord fuaur1a.r pue Surssa.rd '3ur;1rr.u aql tuo.r1 palerauaB sDnpo.td elseM pue s1:npo.rd-r{q aq1 ^lddns pael lpu.r!uv s'z'E 'uorBal -qns aLll ur slalleur Sur.rnoqqBrau ot uodxa JoJ pue stauPul lttsaulop eqt u!
ales ro; sdeos 3ulqteq paterlpau pup reln8a.r 'slua8ratap plnbrg pue parapmod 'sreq deos fupune; re;nBar lo saperS-r$1;enb snouen a:npo.rd 1;eqs suorle.rado fuol:el sl!

se 'sDnpold Jo spurl asaql .ro1 s8urnes xl aleraua8 ot sure )jl) 'urnuue:ad uo!lllli{ S', osn r(lateurxo.rdde ot lunoure spnpord pale;er-deos pue slua8ralap;o syodu.rr leouJo leqt Mor1s sprolau uodurl futuno: aq] u!

3ulqlpq pue Suruea;: 'Surqseru ro; pasn sdeos 1o %s6 Ja^o Jo] tuno)le sluaS.ralap pue sdeos pauodrul ',tlunor aql u!
sdeos.roJ pueurap a8nq aql ssarppe ol slua8ratap pue sdeos 1o aBue.r aprna e a:npo.rd lpr'n 'spnpold r{q pue sunpord lro pau4ar Sursn 'rtopel l1l) aql sluatralao pue sdeog parellpay{ ,'Z'€ 'leupqg pue elra8rp ur sarJlsnpur uolunpo.rd pool pue sarJpuorpe1uol la8rel r{1a8le; |Ifir SyOdxa O)O€U aqt'speards fueuo;Da;uor pue sauueSreu 'uueals urled qllM paulqurol uaqm 'pue slua8ratap 'sdeos fupune; lo %OOl pue po alqelaBan ;o syodurr Jo lua)rad %OZ ol dn alnlllsqns upl fllx r{q pa:npord aq ol saurnlol aq1 'stal.reu lrtsaurop aql .roJ sluaSralap pue sdeos 'au1.re3reu;o uorpnpo.rd uMo slr ur slndur se pasn pue :sar.rlsnpur pooJ Jaqlo pue sapeuolpeluol ol lndur se payodxa aq ol O)6EU a:npo.rd ;1rvr suorle.rado 311y 'slueDP!ns pue 'sllo Ie.rds 'sdeos 'soodu.reqs 'au;le8.reu 'sluled 'slua8ralap 'r{.rauorpa}uor;o uorg:npord aql u!
slndur se pasn ,(;uor-uuo: sr Dnpord slql'uolllppe ul 'fu]uno: aql ur suorlelado ,arlal pooJ raqlo pup SurpaeJ looqrs sl!

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O)OEU Sursn sr alufo (dJM) atutue.r3o.r6 pool p1.ro6 aqg ',{11uasard 'sIo alqela8aa paugar;o sad&,laqlo roJ alntr}sqns e se 3ur>lool lerJtsnpur pue )rlsaurop roJ pasn aq ue) (O)O8U) llo laura) urled pasUopoac pue paq)ealg pauuau 'slro laulal urled paugar 1o uorpnpo.rd pue 3ur11rtu ro] pasn aq ol'fulunor eql punorp slur po u.rled pue suorlelueld t- scales, as feed suppries have been identified by poultries and pig farms as a major barrier to expansion efforts.
3.2.6 Organic Fertiliser The palm kernel cake can also be used to produce organic fertiliser.

KlTc facory will utilise excess palm kerner cakes not used in the production of animar feed, to produce organrc fertilisers, which will be supplied to the nurseries and small holder oil palm farmers.

This will help reduce the long-term volumes of fertiliser imports in the country.
3.2.7 Production Operation Targets The instalred factory capacity, production systems and pranned operations are designed to enable the following levels of outputs of the various products.

The palm oil fractionalisation line is designed to handre up to 1oo Metric Tons of crude parm oir per day and a parm kerner crushing line that can handle 4oo Metric Tons of palm nuts in a week.

with this level of inputs, varied levels of production can be achieved for the other types of finished products.
The operational targets for the oil palm based production line is summarised in the following Table.
Production Line Measure Crude Palm Oll Reflnery and Fractionisation Mt/Month Crude Palm KernelOil Refine Palm Olein Production Margarine Production Toilet/Laundry Soaps Powdered Soap production Mt/Month Mt/Month Kg/Month Cartoons/Month Cartoons/Month Liquid Soap Production Litres/Month Animal Feed Stock Organl( Fertiliser Mt/Month Mt/Month Production Targets (Approx) 2,OOO 500 1,500 66,ooo 192,0OO 16,ooo 12,OOO 120 120 14 st 'paJnl)eJnueu aq ol sDnpord Jo sadll snoue^ aql Jo slsp)aroJ uorDnpord aqt salPjtsnll!
alqel SurMolloJ aql 'sluauJaJn)oJd leuateu MeJ jo sla^al alqrspa] pue suortprado pauueld aql 'fuolre; fll) aqr ]o ,tr:ede: uolunpord pallplsur aql uo paseg slserero1 uollrnpord tndtng paqslull 8'Z't $10xYJ 'S3rrrwgol 'sdvos lo stdll, l tv 't3lJ,ns gilrlool 'luuvgtvl^r olll tvhltNv t3srlllu]l I I I I I )tf,ols dvos B SODV Allvl I I I NIU\B$ ntvd J tlvl 'lltilul)l nlvd slllHs J.nN WlVd 'llo , t8v.lit9tA N:Nlo .EI{U3I firvdlxtno rnvd o!xEru 'lto 1!ilf,tx vtlvd rcntl 'lto ntvd lonul rooH!/u srnf, r3lll SIIYd stllHs HlIM SINN 'llNulx wtvd lotto uoltt b.t!
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oo3 aoJ Nr]d .to'td turl 'Gl Ud Clnmmcm oudYr 'toKEn MxnoH : lxJrK, 'o1'r 'r d sl|to.tYto€Yl SEr E orvra .
r rc(iE Yn a -{a -:=|ron EEI naff- I f g t t g g b J t--;;;- ; E E 8 o 6 h t g I t' avol airr,lrxt v-d v 'palaldurol erp sassa)ord Surru e,{arruo: pue; aql a)uo aluetrrtlrol aqt ol palradxa sr qlrq/v\ 'fuopp1 aqt rol sraaulBu3 orde[ qtlm peJluo] uorpnJtsuo] pue 3u;.raau;3u3 ue pau8rs seq l1l)l 'r*o;aq arn8rl aql u!
uMor.ls se'uorDnrlsuol fuope1 aqt lo1 tugrdangq uBrsap e padogaaap a^eq 'lp^e"l enly 'sra:npo.rd fuope1 aq1 uoltrnrlsuo1 pue luauaJnro.r6 tu;raau;tu3 {.rotrel l't't 3.3.2 Factory Specifications and Capacity Palm Oil Refinery .

Manufacturers: Alfa Laval Refinery and Fractionation Equipment (Japro Engineering lndia) .

Tanks and Structures .

Daily Production Capacity: 120 tons Margarine Plant .

Manufacturers: Cangrren (Unilever) China .

Daily Production Capacity: 25 tons Palm Kernel Oil Mill .
Manufacturers:Japro Engineering .

Daily Production: 25 tons Soap Plant .

Manufacturers:Japro Engineering .

Daily Production: 15 tons Plastic Machinery and Plant .

Manufactu rers:Jagmohan lndia .

Daily Production: 15 tons All Plant and Machinery (including Oil Refinery) .

Technical Life Span: 25 years .

Purchase Condition: New .

Expected delivery dates: July to Dec 2017 .


Expected commencement date for production: 1 st Aug 201 8 3.4 lnput Purchasing and Supply Chain Analysis The primary source of crude oil inputs for the factory operations will be from the established oil palm plantations of SOCFIN, Gold Tree and Sierra Leone Agriculture.

ln addition, the company will also engage in the purchase of Mosankipalm oil and palm kernel nuts from small holder farms and communities.
18 6 AUOIf,VJ )It)t u aseqr.rnd u aseqrJnd l=,'"r,^l ]d aseqlrnd sal!dlrolS aSJel rlu!od uolDallol lerlual s)iln]l rrol-sz sllnrl uol-t snlpov allw 09 'tlozul uir^op paMols suorlpredo Sururur raue padu-inls peq q)rqM ssaulsnq (ld€) s)!ls!3ol ,(ued p.,E aql 1o aruaS:nser elqeua ol 'urJU lelol aleredas e ol suorle.rado srlts!3ol pue uodsuerl eql afrnoslno o1 sr ;eo8 aq1 'r(ss1y le uolte)ol ,{.roDeJ ureu aql ot seurnlon a8lel ur palrodsueJl aq 11eqs ,(aq1 aJaqM uJo4 'slauJal aql pue slo aql JoJ slurod a8erols pue uorDallor lerlual se aruas lpM slodap asaql slua8e slr ,(q paqsr;qe1sa slurod Surseq:rnd Jo salrn OS ulqrlm arp lpqt sarto pue sumol rofetu ur slodap le.rlua: ale.rado lllm ll_l) U6|IEEddSNENFUTO{tu-IEI 'srauJrPJ lleuJs UIoJJ slerJaleuJ MeJ slr Suunbre uaLlm pe^lo^ur sllls!8ol aql lle lo arel ale] lllm lll) 'uollrppe ul 'auoel prrars Jo lno spnpold Jlaql alSSnLus ol anrlualur ssal uaql aruS;pivr pue ssaursnq asaqtJo ssuarrrlrladuro: aql anordu-rr lllM slql'xapul ersle;ey1 aql uo paseq sa:ud lal.reu.r leuorteuratur le lr.l8noq aq 11ru sa;uedulor 1ern1;nru8e 3lq pue sJaureJ lleuis rxo.U,(;;e:o; palrnbre sleualeur MeU 'sarueduror a)uprnsur pue suollnlllsu!
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Jalua ol Alreder leuotlestue8ro ssaursnq pup lppueuU aql a^eq oqr'a srauodsueJl Jolpue sJeperl eq llPqs oqM 's.role3a.r33e Surseqrrnd er1 'sura1 rtarulap pue sauJnlo^ 'sar!.rd alerlpu!
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aleu q)rLlM'[o ]nuolol pup lro leulal uled apn.r: sp lllns slolrledtuo: sl!
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{t aq ol uaddeq oqm'(ersr{e1ey1 pue prsauopul) s.ra:npotd roleul s1r uo {;ueurr.rd SursnroS 'sa:r.rd s1r pup apeJl leqolS'uorldurnsuot'uorl)npoJd stt Jo slutal u!

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llo r.uted JoJ spueurap SuwrorS lueauu seq sDnpord paseq-urnalorlad uro.rl ,(er'ae pua.r1 aql'tueuodur ,{;Sursea.rrur Sururo:aq are seaJe poo;-uou 'spnpo.rd paseq lro r.uled Jo asn aql u!
areqs taupur aqlJo 9669 1o sasr.rdu-ro) roDas pool aql q8noql;e 'uo!lel!lddp ]o surral ul 'aper1 q8norql laur eJe $uauraJrnba.r aqg lo q:nr.u 'uorpnpo.rd aql ot q)nLlJ alnquluol lou op suorBar Sururnsuo: aq1 sV 'erslelpr\ pup prsauopul r.uor; uorpnpord uo sa;1a.r lapeur lro r.uled 'Alleqolg 'sl!o olqela8a^ lo sad,t llp ls8uoue uorDnpo.rd lse8re; aql ol salnqrJtuo) llo uled 'uollelueld ur;ed rapun puel Jo slunoure let!rurur Surrreq 1o alrds ul 'r{:uaoUla puel q8rq pue ,t!llqptuoJd q8rq 'do.r: aqt 1o plar,{ q8rq palnqrJue sr I11eqo13 spo alqelaBan aql Suoure a.reqs q3rq s1; ',{11eqo13 1a1.retu aqt ot lro paseq alqela3an aqt u; a.reqs lsaqSrq eql seq ll 'suialr poo]-uou reqlo puP spooJ u1 Dnpo.rd .lauJnsuo) e sP qloq :sla{Jeu ,!rpotuuro: leuorlPuralur aq} u!
rofeu: P sr lro urlPd ^lurpur ^llporuuJor srs^-rvNv rrxuvl l 'Ilot l,{'rvd 0', tz pue pauUaJun aql s!

rlllrlM'(llo urled pau se uMoul osle) llo tuled apnrl Jo s!odLur ',(1lua:ar aJof{ 'auoa'l errals olu!

peuodtur spnpo.rd deos pue slro alqela8arr llp Jo %0s ueql a.roul JoJ lunor)e raqlaSol saulunor oml asaql 'yoda.r srql ,o suorl)as luanbasqns ur umor.1s sv '1ro u-rled sr!Jo %S8 sl.rodxa ers,(e;e1r1 'fu1unor aql u!

Ill)ar!p pauJnsuol sr po r.u;ed aqt Jo %S !


punoty 'rear( tad suol lpla4 uotlltr.rl OZ punoie paleutlsa ,!luno: aql ur uorpnpo.rd po r.uged letol r.ltrm:plJoM aqt ur po u:1ed Jo pr€l I lnoqp satnpo.rd ersIeleyl 'r(g;errlsar.uop 1ro u;ed llp ]o %O€-SZ ueeMtaq saunsuo) ,ttuno: aq1 '1ro utled ]o Jauinsuo) 1sa3le1 aqt osle sr &luno: aqt'rauodxa lsaSSrq aql 3u1aq sapgsag 'suol uorllrul O€ punore s!

,tlunor aLll u!

uolDnpo.rd gro r-u1ed letol 'plroM aqt u!


lro uged aqt lle lo Jleq lnoqe suodxe pue plroM aql u!

llo uled aql llp Jo Jlpr'l lnoqe sa:npoJd elsauopul 'ersauopul rlg rlr $n rl|.

ror lrr io!

or tflr r.r pue ers'(e1ey1 ut pa:npo'rd sl pljoM aql ur ;ro utled aql llp lo 9699 {gageu.rrxo.rddy :lc rte ne to trc !r.
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suol lrrler\l uorlly!

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u!

suol )Utan uotlltl s !


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Sulperr € ZLOZ pue !
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pue uorllnpord .rol queld plrM uo r(lurelu sarlar ]ndtno lelol lo %OL sa:npo.rd q:rqr* 'ua1s(s leuorlpeJl ale)s-llpu.rs aq1 'splarr( Mol a^eq ot anurluo) lllls asaql :parellllqer.lar a:anr paBe pue papa;8au aJaM leql suorlelueld luaulure^og '(OOOZ - [66 !)

JeM lrlrr aql.raUV'fuluno: slqt u!

do.r: uodxa pue r{se: lueuodur ue uaaq seq tuled 116 uo!lrnpoJd)!lseuroo l'z't 'soz pue sO96 t aqt ur fulsnpur u.rled 1ro aLll u!
sra^eld .ro[er-u tou aJaM q)!qM Jo r]loq 'elsauopul pue ers,{e;e4 ol pareduro: '8el ol ,tlsnpur aql pasnel -raqunl qvvro.r8 pue ,!r;rqels lr.rJouo)a,o srelup se lueuiuranog ,(q saulsnpur Sururu aql uo sn)o1 aq1 'slea{ !

!

lnoqp ioJ palsel qlrqM reM lllo aql o} anp s066 [ eq] ur pup gl d'ls aql;o sualqold tuaura8eueu.r ol anp so6 pue so86 L aql ur pa8ueq: 'ra^aMoq 'uorpnpord lro u-r;ed s,auoal errars Jo saunuo1 aql '(gkIdlS) p.reog 3u;1a1rey1 arnpo:d auoal elrals aqr q8no.rqr talJet!
llo ul;ed p;.rorvr aqt ol pauodxa spM ssa)xa aql pup uolldunsuor rllsaurop aLll papaarxa 1o uled 1o uorl:npord aql tapeuJ 1;o Luled p;-rorvr BurBraura pue elu]V lsaM aqt u!

ra^eld Aa1 e sem auoal errars 'sO/6 [ pue sO96 [ aql ul su!eqf enleA pue {lddns pue uollrnpord )!lsauroo z't 'lt!

910!

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ot uodxa estmlaqlo lltM oqm s1lrur lro urled a3.re1 laqto pue aaJf plog 'NHIOS uro4 aq lllM (Odf) slel.ratpur Mpr slr ,to salJnos urPuJ aql asne)aq 00'oee ue;d ;eoueug s1 u!
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oda q4nqF.a.!

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000'9€ suol )rrlan 000'?s rnoqe 1o lead e o1 Sursea:lur .rage 'uorpnpo.rd r-u;ed po 'arn8r; eLll u!

uMor-ls sV 'saJel)aq E s'z pue I uae/v\]aq Sur8e.rane I sazrs [uJe] qllM uort)npold uled-gro rap;oq;leurslo tluoJ eql u!

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puel uuled lro patenrtln),o saJBllaq ]noqe 'uorlrppP ul salelsa 000'z€ uorlelueld peuMo-luauru;anog ,{;snorna-rd aiaM q)!qM }o tsou-r 'BurBe 1o saa.r8ap snouen ur aJe saleDoq 000'8I }noqe ]eqt stsaSSns fulsnpul pup apprlro fulsrurl aql uJo4 ptep alqppenv'sasodrnd uortdunsuo: lc.A lq uolpnpord lrO urled.uoal erlals at 09 9Z 'apeu aq uef, suorssa)uo) ,totelnBa.r pue r(]rlod leDads Surtue.r8 JoJ ase) 3uo:1s e uaqt isaxeluodur!

paa)xa Jo q)leul uel paleraua8 saxel;eltuatod pue :s;ara; uod r.r.r!
tuatrn) qlleur uel suorlerado )ll) uJorl uorpnpord aql leql pateilsuourap aq uel lr 11 'syodurr aql uolj tuauura^og r(q pasr;ear sauolu!

Daual ,(aql se 'sanua^ar xel pue pueq auo aqt uo sla^al pueuap luarJn) DaUaJ asaql sp'saurnlon uodur!

Jo ualuo) aqt u; pasr{leue aq ol speau srql 'rope1aq1,{q parnpord asoql qtlm spnpord r{a11o syodur atnlrlsqns ot sr leo8 aq1 'F|a1er.ur116 'sluauJlsalur Jll) ro spaJla auro)ur xel pup uollnltlsqns aqlualuo: olurlnd ol s!

s!rlJ_'fulunol aql olu!
sDnpo.rd deos pue sgro alqetaBan alqlpa ]o uolteuodu.rr aql slsr(leue uorpes srql auoa'I e.uals ug s1.rodurl 1o sps{1euy €'t 'sasodrnd 3u11oor.ro1 pasn r(lpreq sr qrqM'g1o tlled apnrl rluespy{ aql Supnpo.rd slauJrpJ raplor.l lleurs taBJel ol {.rom1au ureqt {;ddns Burseq:tnd e qsllqelsa 'Ja^aMoq '||rna ,(ueduo: aq1 'fuauga.r )Il) aqr or odl Jo stallddns {.retuud aql aq o] papadxa a.le satp1sa letJ$npul aa.lql asaql 's.reer{ 9 ulqllM suof lrlal OOO'OZ lnoqe 1e lead ol paDadxa s1 uled 11o 1o uorpnpold )rlsauop 'sDafo.rd aurladrd aseqr lle qllM 'uortenrtlnl uled po 1o sareDaq OOO'O7 Bulra8rel ue;d luaurlsarur u.lat-u.,nrpauJ p spq VAIS dnor8 uerpul aql r(q tq8noq seM r{lrqM 'arnlln:r.rBv auoa"l eJJarS arntrn-IIEYEUOETE ElS '1ro urled apnrr lo rW OOO'Z 'strnr; ]o urnuue rad lW 000'0 l. leuortrppe ue ate.rauaB ot paDadxa sr srql lpr.rr slr Jo snrper url-o, e ulqllM srauirel lleus ,(q paumo surled plo jo sareDaq 696'1 1o 3ur1ue1da.r aql Surtelrlnel r(q auoal pJrars ur su.rled 1;o Japlot{lleus 1o uorle.raua8al aql uels-lr)i ot sasodo.rd aaJl plog 'srea{ ang }xau aLll Ja^O 'slalrpu, ;euorBar-qns aql u!
pauodxa pue sasod.rnd 3u11oo: rol ,(;lelltseuiop patalJpru sr pue urnuue Jad po uled apnJ) Jo suol lulay!
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pauodur!

aJaM sDnpoJd patPlar pue soodulPqs 'slua8ralap prnbrl pue perepMod 'Surqreq pue rtpuneg roJ sreq deos 3urpnl:ur 'spnpo.rd deo5 1o suol )rrlan 6OG'!

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ro] palunol)e aur.rpBreul :lua)rad tz Jol paluno))e st:npo.rd ura;o ur;ed paugar lpayodr.ur aLunlol lelol aql Jo lua:.rad 6t lnoqe ro] paluno)re st:npord OdJ lunoujP slr.ll JO 'uorllrg EZ'09 al lnoqP ]o anle^ lll lelol P qrlm '9 tOZ ul pauodu.rr alar'ir sDnpo.rd lro r.u;ed elqrpa Jo suol lulal l LL9'€.1 ,{laleurxo.rddy zs'Ett'E Ll'wt'l tI 106'6 I9'ros?I et'Lw'61 (q uqrunl (u{} aqE Jll uplemssorg adll pnpoid,lg sanleA,8 saurnlo1 liodrullo slsteuv lr0lnu0t0l pauueu auuPtreW ulalo urled ll0 urled epnrl uolldprsao ueI %80'rz %27 5t lo luarrad 000t lel01 SLS,L '9 r.02 u!
flr) Iq pa:npold aq ol sulatr snorJpAlo saurnlon uodu.r lueJrnl eql ale)lpu!

salqe1 Surrraol;o1 aqg sB ealdstlqlFl pue stro sanleA pue saurnlol lrodrug 1'g'9 Oils and Edible Spreads Country of Origin Analysis of lmport by country of Origin 6ross Weitht (Mt) 4,20L Edible palm oil and other vegetable oils originated primarily from lndonesia, lndia and Malaysia, with these 3 countries accounting for about 64 percent of the CIF values of imports.
lmports from the EU countries accounted for about '18 percent, followed by the UAE with 12 percent and all other countries accounting for about 6 percent.

The only African country that exported edible oil products to Sierra Leone in 2016 was Senegal, and imports from this country accounted for only 0.003 percent of total imports.
Percent of Total 28.88% 78.70% t6.59% L8.40% lndonesia lndia Malaysia European Union CIF Value (Million Le) t7,392 10,903 7,647 u5 13,573 9,991 Lt,o82 7,283 UAE Others Total 3,580 60,231 5.94% 700% L2.O9% 2,873 2,030 2,O75 Country of Origin CIF Value (Million Le) Analysis of lmport by Country of Origin Soaps Soaps and soap based products are imported from a wider spread of countries, with the EU, Malaysia and lndia accounting for 19.95 percent, 16.93 percent and 12.21 percent respectively.
Malaysia and the UAE both account for about 8 percent each, while imports from about 16 other countries account for about 34 percent of the total CIF value of imports.

Soap imports from three African countries of Nigeria, Senegal and Togo accounted for approximately 4 percent oftotal imports in 2016.
Gross Weitht (Mtl 4,873,693 1,304 a.63vo 12.2t% L,524 5,895,584 9,560,407 L6.93% 2,965 t,oo2 lL,264,643 L9.95% 4,579,452 8.lLYo 1,005 19,302,740 34.L4% 4,109 11,909 56,476,ss9 LOO% INDONESIA lndia Malaysia European Union UNITED ARAB EMIRA' Others Total Percent of Total 27 'senua^ar xel luauruJa^og uo Da[oJd ]Ix aqrJo ]rpduJr aql SuunseauJ ut ljpuJq)uaq lueuodur ue se aNas plnoqs 'sanua^al xet SuroBaJo, aq1 'uorllnpold lrlsaulop qllM suoduit lo uor)nlrlsqns aql uro4 pereldsrp saxet uodur aql lasJJo ot qSnoua q8!q aq llrM an.,lle lllM teql saxel lerlualod aqt'sDnpord urled lro uo uorlrppe enle^ le sulle lll) sv patplauaS sexel 3r.ll JaqSrLl aql 'uorlrppe anle^ aql telparS aql leql s!
slslleue slql Jo aluessa aq1 I lelol %9191 9650 fs eeg d?q 6610t110'5 $99r09t'r sanl ppl spnporddrosraqlo rPl ur4l l40I %00'001 86'f09?m'll 8t56zt8r1 5t'5il'!tf'tn'6801t5'8 gtrst?tr /$?il18s',t8610i1fi'., ,i9ls?8?

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Lfits'LUt %fl 02 ,fItdffrt $ 919'ttr oz'ffi'mil 0z'02d09/l nl spet 'strnpord llo uled pauuar pue lro uled qloq ol pelpduiol senus^ei xel raLlSlr.l ua^a pale.rauaB aurJpSrer{ lo rn oo6't 'sDnpold odf JoJ tuallad sz lnoqe o] pareduo) 'sDnpoJd pauual ol palnqrJue aJaM saxel uodur lplol Jo lua)rad 6z ,{la1eu1xo.rddy 'paxel Uodur a.rotu pateraua8 sDnpo.rd uralg Lulpd pau4ar Jo l!,11 OO'€ tnoqp ,{;uo 'payodurr spnpo.rd 9431o ttl\l OOS'I aqr ot paredruol 'Odf pauodu.rr ol paJeduo) saxpr req8rq agerauaS spnpo-rd lro ul;ed pauUaJ uo saxpl leql sMoqs aaoqe srs,(;eu e xet aq1 saxel Surp;oqqlwr Suraq uollllg ,8'O al pue serlnq uoduil Suraq uolll!8 8I', a"l 'xel sa)rruas puP spoo9 aJaM uorlIS z6'9 a1 qlrqM ro :[uorl|y{ L't $Sn,{1a1eu;xo.rddel 9t0z ur uo!ll!8 s6't t al ol palunouJe slrnpold 10 r.uled alqrpe uo pred saxel uodul 'xet Surploqqtrm pue IS9 'sartnp yodtur 1o r.u.ro; aql u!
papallo) are spooS pauodrur uo pred saxel ffi xt07 I$t8 861, /Etta.

/o'I09 r q0{qEata peuuaur{o fim9 f6 ozt tl'tL lt't l 5I'[0, l,i]-'t| f€tsd€ $$ mffi6'I SIZUT 96tf5z 99?z0t l9z9t t0lt, m66t'z r$95t Sr-Ir8 UAI'' rs'flJt ffireg_E_--ni-;*i*iEffFEeE:-=tH5ffi rrl9r!

ris 8{0q nl ual Flol.


sarl Flol lolu Fd lo liu@o] peuueu s1uafiap6 puapmtr (sauoal uolpyi)sare1 uondosag uiel uqldmsao ue l0 u$Dd Surploqqm l$009 qW $$0 adll pnpord,lq saxel uodurllo srteul auuetueyl ll0 rlrled Uodu{ Flol Uodu4 xEl TPI slsr(leuv xel uodurl t'E't 4.3.4 Balance of Trade Sierra Leone's import levels are consistently high.
lmports decreased to 113.75 USD Million in June 2016 from 116.73 USD Million in Mayof 201 6. lmports in Sierra Leone averaged 62.67 USD Million between 2010 and 201 6, reaching an all-time high of 289.44 USD Million in November of 2011. rltmt r09 5ct v.N1, n.w !9$ 01.!4 ,t{ E TEE o(t tt5 lrr!1r .

!l I0r!

t{.m x1.7{, I n I rt0 r@ I & , I gfr!

ruDcaoaflad t id c lEtr tlot The high import bills, coupled with low export levels, create unfavourable balance of trade and payments.
As seen in the figures, there is a correlation between import levels and balance of trade levels; as exports remain fairly constant.

The KITC project will help reduce import bills, month-on-month, and ease the balance of trade pressures.

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aAltDwJolsuD4 o noqluvt (sDuD uDq)n aqt ut sqof puuolu!)

sulNas ,{yrlpnpotd uo1 ol lpaqp sDarD ptru aLfi u saDt^tDD ptrylnqBo Ilwpnpotd no1 wol salo.tSlw tnoqol so uotlowtotsu l p)npnrls s,auoal u)a,S u1 ,,t1u11 3u1ss1ut,, aqt t SuynDotnuow, ' LLOZ looltno lrr.lrouorf s,r;ueg luaudola^ao uerUJV aqt 8ulprortv sNorssr)No1.r.NryrrsrlNl orsodouduol torrvltrrrsn[ 0'S tE luau^oldu.ra DaJrp aLll leqt palpuJrlsa s!
I 'uoddns pup leuorlelo^ 'lelru r.lrel 'luauro8eu eur lo sla^al snoue^ le sqof fuoDeJ Mau alea]l lllM Dafo]d aqr :luauAolou./f l)alrc :s,{pM earqt ur sqol alear] ol paDadxa s!

Dalord ]ll) eql 's.roDas sa)AJas eql u!
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ll_l),o lapour leuollprad o aq] IIELIAO|dur:l ]rarlpu I ^l!^!Dnpord 'uorlelnpa ur slual!

]sa^Ur uo uJn]al aql Sulseerlu!

Iqa:aql:suol]nl]sut leuollelo^ puP leltuqlal laqlo pue IllsJenrun Surnea; sqlnor{ JoJ paleerl aq ;1rrrr sqol lp]ruq)a] pue SuuaaulBue pallrls ,{ltlSlq reqr r(gdur .raqynl suo!
}erado fuopel aql }o sluau.ra.rrnbar eql 'setlrulPJ rtaql puP saar(oldua aqllo lel)os aql uo e^ordurr sdlaq oslp ]t 'sau.lo)u!,{1rure1 pue leuostad seleraua8 ,{1uo 1ou srql 'sqo[ 00[ pue oS uaaM]aq aq llrart pafo.td slq] patpaJr aq o] ^tUnlas ^q slpualeuJ Mer auJos sase) auJos ur pup Jll) Aq pa:npord aq ol sl:npord Jo salnlrlsqns asol) aje leql sapol sH rlllM sural!

lJoduJr .ro1 palerlu!


aq ol saDrlod q:ns ro18ur;;er sr lesodo.rd srql 'aaor8 ol saulsnpul alo8ueO alrl saruedulol SurrntleJnupuJ padlaq a^pq sar)rlod lsruorpato.rd asaql saulsnpur Surssaro.rd lpurup pup spooj 'arntrurnl ';e:rlnaretur eqd aql u!
suJa]r JauJnsuol Jo aSupr aprM e ur Sur.rnpelnueu-r ur sluaurtsa^Ur alenud alourold padlaLl seq r$r;od agBurs slql' ) 'oo'oo'05'zorE - oo'0 t'I l,' lor€ apo) 's'H sluaS:atao pue sdeo5 'po a^rlo pue rolse) 'paasurl pauga.r Surpnlrxa lnq'00'06'0Z'9 tS I-OO'OO'O t'1.691 gro alqela8e^ peuuau suro5n3 ueuaBrN aqlJo uollerel)ao aqI 'paull ararrr saurrSar uolDaloJd atll pue lsuoduj!

qllM aladurol ol alPls Jo sarurouo)a qBnoua anrlrtaduol aJour auJoraq pue a8raura ol sarJtsnpu!
Sur.rnpe;nueu le)ol aql dlaq ol palelllu!

aJaM suorl]e ,{rrlod asaql sluaS.lalap pue sdeos 'spea.rds alqrpa pue sauUeBJeur 'spnpold po a;qetaBan paullal aJaM qrrqna 8uoue ,{a) 'uorleuodu.r!
uorJ parlq!qord araM leql surallJo ls!l e paqstlqnd luaruutanog ueuaSrl aql'soooz-plLu eql ul 'saulsnpur SuunDe1nueur le)ol raqt Jo tueudole^ep aql pansrnd {aq1 se sgg67 aq} ul sauluno) uelrJ,rv lsaM raqlo ,{q paluaura;du.rr saurrBar ,orlod aru}ra}o.rd;o aruaprne sr aJeql ^lree 'sr.u.rat arlrd uo aladuo: o1 a;q rssodr.u r lsoule pue lln)UJrp lr srapuar 's1o;3 fuotualur anpq teql srarldd ns u.ro.r1 sDnpo.rd deaq: pue rtllenb-mol 8ur:rnos 1o DaJJa paulquiol aql'euoel prrars a)irl seulunol lleuJs ur sDnpo]d asaql du.rnp {1;errpe.rd pue lsllols .rgaql 1o asodstp o1 aneq ,(aqt asnplaq sarud mo1 fuan le srauodu!
ot plos are spnpo.td asaql 'slapeur uersv troJl ,{llertadsa sDnpold ,(1rgenb-ivro1 ,(;aualxa ro1 oB o1 puat 'sa:r.rd qBnoua-q8tq se llas pue Mol stsol daal ol a.lrsap eq) Iq palenrtour aJe oqM 'sra!odu.rr leql setelrpur oslp atuaptna aql'fll) Jo azrs aql ssaursnq e o1 paredu.ro: aluanuutlauetu lalealS aAPq nl aql pue ersr(e|ey1 'erpu1 'ersauopul uro.rl spnpo:d palelal Jaqlo pue sluaS.ralap 'sdeos 'speatds a;qtpa pue sautteBteu 's1o alqelaBan pauqar jo s.rapodx3 'sart.td lo.rluo: or aqt puP aluPurulop laryeu.r qtoq Jo salrDadsrad aql uo.r1 a8eluenpe anllttaduo: lue:Uru8rs aleq leql satu.rouola ut Surle.rado a.re leql s.ra,(eld lsure8e Sultaduo: aq ll!M lJ-t) leqt sMoqs aluaptna pue elep aqI ^rlllqe p1a;1 tuu(e16 aperl leuolleu,ralul ar{t tu!llaaa'I Z'S 'sa:r.rd pool:rlsaurop pup aler aSueq:xa aql uo paJJe uo-Iloul aalllsod e spq slqf ',(tuouo:a aqt.rol a8ueq:xa u8ta.rol ale:aua8 osle llrM spnpord paqsruu auros Jo uodxa atu 's]:npord asaql Jo uotleuodt-ut lol aBueq:xa u8tarol uo pueuap Butsea o] atnquluol lllM asaqt 'uolllllA s€ $sn ol dn ]o sanle^ uoll:npold patladxa qllM 'sallasaJ pue luarur(ed Jo elueleq'uollPlJur sl^ e sl^ sautSa: lltllouolaoJlPtrl alqets Suruleluteru ro} € € 'luauJnlop,$t;od ;euorleu e ur ol pauruuro) seq ll leqM aleilsuouap ol ,t!unloddo ue luauuJa^oD aqt sJaJJo lesodotd slLll 'uoqs ul 'llasll r(:r1o6 aql lo sleoB petels eqlJo luauJs^arLlle eql ol sJotnquluol ler1ua1od 1sa3.re| aql sr qlrqM '.roDas Bu rssa:o.rd-or8e aqt ur Suunpe;nueur leutsnpur alets a8.re1 .ro;,,sa8apnudTsarlrp:e1 lerrads Surp.ro)1e,, pue ,,sluauluolAUa Ilpuat.U-luauJlsalu r Surureluretu slleJ uraraq papnput lesodo:d aq1 pue Surlear:,, ]o salSalplls a^oqe aLlt ulqllm ^larenbs lsat:tlod r(3o1ouq:a1 pup salrluarur 'saorlod 3ur:ueug'sar:r;od uorlou.rord uodxa a^rDaJJa apn;:ur ,{eu: qlrqM'saulsnpul Uoddns o} sluauinJlsur r$rlod aler.rdo.rdde u8rsa6:sJoDas pue sarJlsnpur reln:rued o1 sa8alrnudTsartrp:e; 1er:ads Surp.ro::e ro] euelrJ) do;ane6 .
a^rletrlr)e] p Surpnllur'luauruoJrlua,{;puar.r;-luaLulsanur puP :ssaloJd a^rleJlsrurupe ue urPlureur pue qsrlqelsl :s8urql .raqto Suoure '11eqs auoa"l eJJarS Jo luauJUJaAog aq] teql salPls Jaqun] ]uaLun)op r{:11o6 aqr 'anoqe sanrpalqo aqt a^erq)e ol ]apro ul 'yodsueJl pue suortplrunuruJol'uolleuuoJUr Jo seaJe aql u!
,{llplredsa 'ernpnJ}se4ur ,{1r;enb pue ssaua^r}r}aduor ;eulsnpur % [ ot % I'O Surlsrxa 'sllrls lo luaudola^ap pue luauieluequa aql qBnorLll 'OESZ aql uo4 [11e:o1 parnpelnueu-r spooB Jo suodxe Jo aurnlon aql esper]u!

,{;arrlssa-r3or6 ^q pue :sDnpoJd paJnDeJnueuJ u!

tualuol lelol aql Jo eleqs 3ql esPej:ur ,(;anrssat30t6 :OSOZ u!

%02 ra^o ]o a8erane ue ot %8', Jo aBerane ue 1e r{11uarrnr'dog eqr ot uorlnquluo) s^rsnpu!
Sullnpelnueu aq} asleJ I;aarssar3oj6 :sanrpa[qo Surivrollo] aqt ans.rnd lleqs luatuujo^og 'leo8 a^oqe aLll ]o luaulrlln] u1 'luaudolanap leoos pup lrurouola s,auoal er.rars Jo uortou.ro.rd aql JoJ sa)!^Jas pue spoo8 Jo uorpnpord alqeurelsns pue anlllladurol ,{gleuor8ar 'pal-talrpu uoddns ot s!
'L L0z jo lerrlsnpul leuorteN aqt ul patplnrllre se '/brlod lprrtsnpul leuorleN aq] lo lpo8 aqt ^)rlod Arglo6 1e;rlsnput leuolleN ql!,n luauuS!lV €'s 'atur1;o pouad uoqs e ur sllnsar anrtrsod aql aleraua8 pue atpJ gsel r(1anr1e1ar e te morB ol ssaursnq aql JoJ lueuruor^ua alqPJno^ej e aprno]d lllM slql 'sJatlreJ lleuJs luaueq lllM leql 9€ :leql sasodord uraJaq llly 'uorpnpo.rd )tlsauJop rrJo4 uotlnltlsqns luaoUlns ueqt aJou alqeua ol luaDUJns ate ,{.rlunor aLll u!
sla^al r{1ddns ler.raleut Mel pue rtr:edet uorDnpo]d s"luegd aql leql ua^!9 'spouad 8uo; .ro1 sturod Surterado ua^eleatq-u pqt-ssal le sla^al sales pue lndlno ssa.rddns lou saop 311y Fq patnpold aq ot sulalr aql Jo srauodxa uBraJoJ.ro slayodrur lo ued aql uo satrDetd apelt anrle8au leql alnsue ot s!
leo8 aql sa^llualul apeJl z'g 'srea{ g;o pouad e lo1 spnpord peqsruU uo xel salrruas pue spoog Jo sra^re6 'z 'rUo'td pauoda: ql1m.rea,{ ;etsg uro.r1 Suryels s.rea,( g 1o por.rad e JoJ antluatul xel uorlerod.ro3 'p 1o srear{ 11o pouad e JoJ slerja}pLu r*el pauodulr loJ saxel Uodut uo sJaAteM 'l 'uorle.rado paldnJJalurun 'srea^ € Jo pouad p rol syed aleds pue luau.rdrnba 1;e rol (r0ral SVMOf3 pue xel auro)ul Surploqqlr6 'xe1 salrruas pue spoog ',{f nO Uodurl) saxel Uodurr uo sra^teM 'q 's:eaI E jo pouad e ro1 s.re;1o6 Sn uo!ll!tA O I ra^o le penle^ sr q:rqaa fuaurqreu pue tueld ,tot:e; ro] (^^al SVMO)3 pue xel eurorul SulploqqflM'xej sa)rruas pue spoog ,tno UodLul) saxetUodurr uo sJaAreM p :ol palrurl 1ou 1nq Surpn;tur lsDV arueurl pue DV uorlotuoJd tuauJlsalul Surlsrxa aqr u!
palsll saltlualut xet llv 't :pasodo.rd urereq ere saArlua)ut lersr1 Sutivro;;o1 aqt'p.re8ar srqt ul 'sassol uJJal-Uor..ls aql lasJJo ueql aJouJ lllM lplruarod llnJ saqleal ssaursnq aql ueqM saxel raq8rq;o spaga 3u1q1oouls ural-8uo; aql lnq 'tuaururanog 1o ped aqt uo sJJo-aperl anuanar ural-uoqs ,{1dLur l1rrr selrlualur pasodoJd aq1 pa[ord aqllo stlJauaq Jaqlo aqt anarqre ot 3urfut apqm'peruasard are uorlelaprsuor rapun spnpord aql uo saxel ro LuroJ etll ur uorlrsod 1e:sr; tural-3uo1 sJuauruJanog ]eqt eJnsua o1 sr leo8 aql se^lluaful lelsll L'g 'apert ([) pue llelsrl (r):sauo8ate) oMl olu!
pa[!ssel) a]e suorssaluol aq]'arnlpJ]o slsrJ aprsuivrop SuDnpa.r elrqm 'palarqle aq ue: san;pafqo ]lurouo)a pue lelrueuu persep aqt qrlqM te ared aql 3ulsea.nu1 Jo sueauJ e se palntrlsur aq saurrBar,$rlod pue suorsseluo) 1er:ads Buraaolgol aqt leql'auoa"l PJJars ro luaurure^og eql ol SursodoJd s!
ftt> 'srs^leuP SuroSaro; aql uo pasP8 snu3l NorssllNoJ LNrv{ls3^Nl oSsodoud 0'9 (deos pa.raplrod Surpnpur) stuJo] raqlo ur sdeo5 ;1e1ar ro1 sdeo5 sdeo5 pale:rpay1 sdeos qleq puP talrol s1e1 alqelaBan paxu Jaqlg auueBreur prnbr; Surpnpxa'auueBreyl spnpord raqlo Jo arnDeJnueur ro] Io apnrf deo5;o arnlrelnueui rol llo apnrl 9€ 00002018 q ooozzon€'B 0t t I t.orE J 'a 0t.

t I tor€ 0062s rs r. 'p 000ll.tsr') 0606 r rs rq 0t0t ttsI e aql rapun pa4rssell suialr Jo uorleyodurl aql ro] sa!
)!lod anrlrqrqo.rd sasodu.rr luaururanog 'Z :s:ea,( 61 1o pouad e JoJ sapof 5g 6141 3urrvro1lo1 NllfOS auoal pJJarS eq) olu!

Odf lpueleu ^q ^ '963,Qr|enb nol 3u!Uodu!

lou JJo raUaq sr auoal errars ''rta er e sp Od),{rrlenb qSrq 1o uo;unpord ug asear:ur qllM '}alreur no1;o,furdurnp,, Burruauadxa are aM'luauJour aql lV l?Ual?u mer I1;genb rrrol Jo uolteuodru!

eql alnpau '!!!
eql alnpau '!!!

^lrlenb 'sDnpord pa:npold A1;e:o1 Dalo.rd ol suorDrJlsal aperl auJos pa1uau.ra1du1 osle seq eueLlg 'Odl parnpo:d I;;ero; uatold ot Odf uo lll aqt Jo %S, ol aleurrxordde sr qlrqM aa1 Irnp uodurr leg e sasodtur eaurng 'uorlrppe ul '&lsnpur Sur.rnDelnueur raql u!

qvrao.rB prde.r uees eleq Aaql 'luatuurarroB uer.ra8rll aq1 r(q paluaua;dLur se.rnseaur aarl:alold asaLlt lo llnsal e sy ',(l1;od slqt 1o uoltetuauraldu.r r aqt 1o alduexa )ea.rB auo sr S ued u!
palels alduexa ueuaBtg aq1 'sarJlunol raq) u!

pa:npo.rd spnpo.rd qllm uolllladuJol parp ur are leqt s1:npord 1o a1e.r ,{rnp uodul aql Sulsearrug r(q sarllsnpur .rlaql palralo.td alpq sarJlunol uplrJJV Jaqlo sauluno, uErlJrv Jaqlo u!

erllrerd poog '!!
'snou.rJoua sr ,(u.rouota auoal errars aqt ol uoltnquluol Jlaql se seasla^o suodtur tlro4 uraqt palord ol paau eM 'lalreur auoa'l eJlars aql lo1 963 qBnoua arnpold uer sra:npo.rd asaql a)u!s 'aroJaJaqI 'auoal pJJerS urqllm u-roJJ pa)Jnos aq llrM 111y ,{q spnpo.rd 1;e a:npord ol pasn Odf Jo lunoure eq1 'sexP} puB uorleaJ) ssautsnq 'uollearl qof 'sluaurtsarrur qBno.rql ,{urouora auoa] p.uers aql ol alnqutuor r(1Dar!p q:rqm arnllnru8y auoa'l eJrars pue eaJl plog 'N lllos 's.lauJJel lleuJs eql Datotd ol Lrtsnpul le.rnllnrutv aql Jol uollralord I :podar srql ur rarlrea parl:ads asoql ot uotltppp ur suosear 3urano1lo1 aql ro1 slea,{ 61 1o por.red e Jo} apo) sH aqr lo E 1 raldeq3 .lapun paulssell slPlrelet!
MeJ sP pauodLur llo pauuau lulas Jo pue 116 apnrl lo %Sz ol %€ ruo.t1 ,!np 1o eseerlut tty:ad5 ; LE 'suotsDap r(rt;od asaql lueJrem ol slgauaq tuetglu8gs iaJJo uotDnpar lllgap apeJl pue saxel'sqof 'seurolur ale3ar33e raqSrq Jo sDaJla a;ddu ur.ra1-8uol aql etsv pup (alduexa etra8tN aql) uo;3ar ue:r.r1y aql u!

seglunol raqlo u!Jopas SurlnpeJnupur lrtsauop lueJqra e1o qyvro.r8 aql SuJlelnuills ur aArDaJJa aq o1 uano.rd a^pq sarnseauJ esaqt'passnlstp Ilsnornatd sy '8roz lllS arueu!J Suruo:dn aql u!
peluaua;dur a.re sa^rluarur aperl asaLll leql lsaSSns r(1qr.unq aaa 'slql Jo lq3!l ul 'Ja^o pue suol lrJlaN OO I Jo I]ltedp) uorpnpo.rd Igrep lo.ropas SuunDeJnueut lrO salrlua)uraperl asaqllpql puauuora.r ,{1pur1 all urled aql ul sluaulsanur 8rq llJauaq 'suodur uBrarol r.uo.r1 sar,tlsnpu r ]:alo.rd ol peurllur are luau.lulanoB q8notl] uana 'lJanaMoH 't ^luo 'laueur auoa'l PJrars or.llJo spueurap aql laauJ ot surl re^o saseaJlu!
fll) lo uotlrnpold aq1 se saunlo^ uodr.ur o] slrrurl osle pue saxel lodur ur seseeJlur epnllur lltM sal)!lod altltqtqotd asaql APPENDIX 1 - CAPITAL EXPENDITURE BUDCET CAPITAL EXPENDITURE AND WORKING CAPITAL BUDGET ITEM DESCRIPTION Units Unit cost {S} A FACTORY CONSTRUCTION COSTS La nd Site Development & lnfrastructure Building Costs utilities Total Construction Costs B MACHINERY AND EQUIPMENT COSTS Core Factory Line Ancillary Equipment Spares Total Machinery & Equipment Costs C. STOCI( OF IMPORTED RAW MATERIATS Bleaching Chemicals Packaging Material PVC Material Deodorising Chemicals Total lmponed Raw Materials Lump Sum Provisional Sum Lump Sum Provisional Sum 1 1 Stock Stock Stock Stock Stock D. INITIAL WORKING CAPITAL & CONTINGENCIES 250,000 1,750,000 5,250,000 7,250,000 8,000,000 400,000 100,000 8,500,000 60,000 90,000 475,000 75,000 700,000 3,200,000 E TOTAT PROJECT COST 19,550,000.00 38 Factory: Kissy Dock Yard Oflice: Country Lodge, HillStation Freetown Phone: +232 76 60E345 +232 76 604346 +232 76 212 808 THANKgOU 39 APPENDIX B LIST OF PRODUCTS TO BE COVERED BY THE TARRIF REGIME t9 Government imposes prohlbitive policies for the importotion of items clossified under the following WTO HS Codes for o period of l0 yeors: o b c d e f. s h r51Ir0r0 r 5l I 9090 I5t7r000 r 5r 52900 3401r r r0 340llll0 34022000 34020000 Crude Oil for monufocture of Soop Crude Oil for monufocture of Olher Products Morgorine, excluding liquid morgorine Other fixed vegetoble fots Toilet ond both soops Medicoted Soops Soops for retoil Soops in other forms (including powdered soop) These prohibilive policies will include increoses in import toxes ond olso limits to import volumes os the production of KITC increoses over lime to meet the demonds of lhe Sieno Leone morket.
20 APPENDIX C NON.EXCLUSIVE LIST OF PLANTS, MACHINERY AND EQUIPMENTS EXEMPT FROM IMPORT DUTIES AND TAXES 21 APPENDIX D LIST OF PRODUCTS TO BE MANUFACTURED BY THE COMPANY )) The Kissy lnduslry ond Troding Compony foctory operolions sholl produce o wide ronge of products os follows: .

Refined Polm Oil (Polm Olien) .

Morgorine ond Confeclionory Spreods .

Refined Polm Kernel Oil .

Toilet ond Loundry Soop .

Liquid Soop .

Powdered Soop .

Animol Feedstocks .


Orgonic Fertilisers 23 a. tl ..- Bf.r -'J it :\_- - r lNfF )r i, -/..\