LAC school system
It is company policy to invest in education and support the schools within our concession and surrounding communities. LAC plantation in Liberia is a good example of this company commitment.
Most of the countries in which we operate, have a high level of illiteracy. Opportunities for local recruitment of qualified staff are limited and hiring and retaining qualified staff is quite a challenge. It is therefore company policy to invest in education and support the schools within our concession and surrounding communities, both directly and indirectly: we construct schools, pay teachers, provide school equipment and organise school transport.
LAC plantation in Liberia is a good example of this company commitment. LAC school system comprises 3 big school sites and 4 smaller satellite schools. Daily 57 teachers educate the 4 466 children attending our schools, from kindergarten to high school. School tuition is entirely free for children of employees and only at a small fee for outsiders (…$/year/child).
Since highest student enrolment occurs in grade 1 till 5, the so-called post-war babies, we expect a sharp rise in the number of students the following years. Further investing in our school facilities is thus indispensable. With the help of Safmarine Containers a new school will be built, providing education for 260 students. Construction of Nain Camp Elementary school will start this month and opening is planned at the start of the new academic year. Several other investments are in the pipeline: renovation of existing school buildings, construction of 36 bus stop shelters, and purchase of new school buses.
Apart from the Safmarine project, we have also prolonged our cooperation with the German Development bank (DEG) for 3 years. The total budget for the new project is € 773 000, 50% of total expenses is paid by LAC, 50% is reimbursed by DEG. The 2 main components are health care and education and the objective is to improve education and health status of our employees, their families and the surrounding communities.