Government pension fund invested in DRC firm accused of rights abuses
Oakland Institute report sheds light on alleged wrongdoing at Plantations et Huileries du Congo
The Government Employees Pension Fund (GEPF) is invested in a Democratic Republic of the Congo palm oil business linked to human rights abuses and land expropriation.
The Public Investment Corporation (PIC), which manages trillions of rand on behalf of the government, confirmed that pension funds are indirectly invested in Plantations et Huileries du Congo (PHC). The funds are ploughed in via a US investment company, Kuramo Capital Management, PHC’s majority stakeholder...
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