African Palm Corp. Signs New Agreement With The Congo

African Palm Corp. plans on breaking ground on its Congolese operation in the first quarter of 2019 with support from its local partner, Ngalipomi. The two companies will use existing infrastructure found along the Congo River, the second longest river in Africa after the Nile, to transport its harvested palm fruits to APC’s production facilities. The project is expected to generate a total of 120,000 new direct and indirect jobs, while improving Congo’s GDP by 22 percent. African Palm Corp. guarantees a contribution of 10 percent of its profits from the Congolese operation back into social programs such as schools, hospitals, and local infrastructure, providing water and electricity for the communities.

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