date:Jul 26, 2013
Ivory Coast palm-oil refinery Sifca has announced plans to invest $417m over the next five years in plantations and factories in Ghana, Nigeria and Liberia.
The development is part of the company's efforts to expand its palm oil operations in West Africa.
The company will use $70m it raised through the sale of bonds last week to finance the expansion.
Sifca chief executive officer Bertrand Vignes was quoted by Bloomberg as saying that the company will fund about 36% of the expansion project, w