An inclusive approach adopted by the company has resulted in harmonious relations with surrounding communities that has helped cement the sense of security and perennity of the project. Following are the primary components of that process to ensure that all leased land is vetted, ensuring continuity.
Almost 98% of agricultural land doesn’t have title of property in Ivory Coast. This tedious process requires resources that village communities don’t have access to, leaving them vulnerable to eventual encroachment and possible extradition. KKO International and SOLEA innovates in its approach by financing and executing all of the administrative modalities that accompany the establishment of a land title. The company’s approach enables land owners to become true tenants in the eyes of the law. Such approach helps establish a bond of mutual trust between the communities and the company.
The company engages with the land owner/s through the signature of an official document in form of an 35 - 50 year emphyteutic lease (vetted by government) where the following articles are clearly stated:
Profit Distribution: 5% of gross profits generated from leased land are handed back to the tenant. Payments are made to bank accounts opened specifically for the purpose, thus avoiding cash payouts. This is done to ensure good record keeping and avoiding misuse.
70:30: 70% of the profits handed back can be used by the owner for his own usage. However, 30% of the profits are reserved for the community and common projects such as drinking water, health, education, electricity etc.
Management committees are setup that includes the tenant, representatives from the related community and the company. The aim of the committee is to meet regularly to discuss accounts, manage payouts, ensuring transparency, correct allocation and establishing future common projects..