Agripalma

The flourishing palm groves of Agripalma are the only industrial oil palm plantations in the Republic of São Tomé and Príncipe.

Given the huge need for palm oil to meet local market demand, the São Toméan government has decided to introduce investment policies to attract agro-industrial investors. In 2009, São Tomé and the Socfin Group concluded an agreement for the creation of Agripalma, a concession of around 2 400 hectares in the south of the island to be used for industrial oil palm cultivation.

On the 2 400 ha of concession devoted to oil palm plantations, today, 1 9100 hectares of palm groves have been planted and the palm oil mill had its first production in 2019.

For Agripalma, the development of the plantation is necessarily coupled with that of its workers and of the surrounding communities, including building and maintaining schools and kindergartens, donating equipment and toys, financial support for the schools fees, monthly oil distribution…

As a major player in the development of the region, the plantation has integrated into the local area in various ways, including by supporting the annual community festivals of the plantation’s local population.

The economic activity created by the plantation provides additional income for the local community, where many small and medium-sized businesses have flourished since 2010. This economic dynamism is changing the character of this area, where the average daily income was less than €1 before the creation of the plantation.

Today, Agripalma is a major economic player on the island, and it has become the largest private employer in São Tomé and Príncipe, Agripalma is also the only large-scale plantation on the island.