Feronia: Community Relations

(asked on 30th October 2020) - View Source

Question to the Foreign, Commonwealth & Development Office:

To ask the Secretary of State for Foreign, Commonwealth and Development Affairs, whether CDC Group made and assessment of the potential development benefits of issuing shares in Feronia Inc. to local community co-operatives.


Answered by
James Duddridge Portrait
James Duddridge
This question was answered on 5th November 2020

In managing its investment in Feronia CDC considered the option of transferring some, or all, of the Company's assets into a community-led structure.

Since CDC first invested in Feronia in 2013, workers' wages have more than doubled, and protective clothing is now mandatory. Housing has begun to be renewed and restored and around $7 million has been spent on clean water provision, healthcare and educational facilities. 72 wells have been drilled or renovated, and restored medical facilities are helping thousands of workers and non-workers every year.

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