The document proposes a leasehold model where Sierra Leone negotiates a 66-year lease of Sherbro Island with the Norwegian government. Norway would invest $20 billion over the leasehold period to develop the island into a tourism and residential destination, paying Sierra Leone between $5-50 million annually. This arrangement would transform the island, attract substantial additional private investment, and facilitate further successful external investment in Africa while maintaining Sierra Leone's long-term ownership of the land. The precedent of Hong Kong shows how such a leasehold can greatly benefit both parties through economic development and access to new capital and markets.

1. I N V I G O R AT E A F R I C A
B A S T I A T C A P I TA L P R E S E N T S :

2. H Y P O T H E T I C A L :
Individual inherits 10,000 acres of beach front property.
Condition: None of it can be sold to raise
capital for development.

3. O P P O R T U N I T Y:
How does one partner with experienced investors to
take advantage of the property?

4. C A P I TA L I Z E :
Leasehold: Developer buys the right to occupy land
for a set period of time (often measured in decades).

5. L A N D O W N E R
R E C E I V E S
• Long-term guaranteed
annual lease payment
• Developer agrees to
spend a minimum amount
developing the property
• Developed property
returns to landowner after
leasehold expires

6. W I N - W I N
L e s s e e re c e i v e s re t u r n o n c a p i t a l e a s i l y
e x c e e d i n g c o s t o f i n v e s t m e n t
L a n d o w n e r m a i n t a i n s l o n g - t e r m o w n e r s h i p o f
l a n d

7. P R E C E D E N T:
China leased Hong Kong to
Great Britain for 99 Years

8. H O N G K O N G :
A N E C O N O M I C
B R I D G E
• Hong Kong transferred back
to China in 1997
• Hong Kong’s 1997 GDP: $212
billion, China’s 1997 GDP:
$953 billion
• Hong Kong’s Population was
only 0.6% of China
• Hong Kong’s GDP was an
incredible 18% of combined
GDP

9. H O N G K O N G ’ S
I N F L U E N C E
• Hong Kong influenced
China’s adoption of
capitalist ideals
• Hong Kong remains the
‘gateway to China’ for
further investor capital

10. A N O T H E R P R E C E D E N T:
United States built the Panama Canal
using similar leasehold model

11. PA N A M A
C A N A L
• Hay-Bunau-Varilla Treaty (1903)
granted the U.S. rights to build
& administer the Panama
Canal Zone and its defenses
• Construction cost the U.S.
$375 million (>$9 billion today)
making it the most expensive
construction project in U.S.
history
• The U.S. paid Panama
$250,000 per year

12. M U T U A L LY
B E N E F I C I A L
• Canal revolutionized world-
shipping patterns - the trip
from San Francisco to N.Y.
became 7,800 miles shorter
• Without a leasehold
arrangement, this level of
spending and development
would not have been possible
• 65 years since construction,
the U.S. returned full control of
the Canal to Panama in 1979

13. S H E R B R O I S L A N D
S I E R R A L I O N E - H O N G K O N G R E D U X ?

14. S H E R B R O
I S L A N D
• Located along the Atlantic
Ocean
• 230 Square Miles - 1/2 size of
Hong Kong
• More than 65 miles of tropical
beaches
• Earmarked by Sierra Leone’s
Ministry of Tourism for tourism
development
• Population only 29,000

15. O P P O R T U N I T Y:
Norway has a sovereign wealth fund totaling $900
billion. And very cold winters.

16. C A P I TA L I Z E :
Leasehold: Sierra Leone negotiates a multi-decade
leasehold on Sherbro Island
with the Norwegian Government

17. W I N - W I N
N o r w e g i a n s i n v e s t u s i n g t h e i r $ 9 0 0 b i l l i o n
s o v e re i g n w e a l t h f u n d t o s e e k a n i n v e s t m e n t
re t u r n a n d c re a t e a w i n t e r re f u g e .
S i e r r a L e o n e b e n e f i t s f ro m a g a t e w a y t o f u r t h e r
i n v e s t m e n t f ro m N o r w a y a n d o t h e r w e a l t h y
c o u n t r i e s .

18. P O S S I B L E
A R R A N G E M E N T
• Siera Leone negotiates a 66-
year leasehold on Sherbro
Island with Norwegian
government
• Norway commits to invest $20
billion over the leasehold
period.
• Norway pays Sierra Leone $5
million to maximum of $50
million, based on 0.25% tax on
property values of $20 billion

19. E N D R E S U LT
• Assuming private investment
matches Norwegian government
investment at 3:1, Sierra Leone
will receive back a developed
island worth more than $80 billion
• Properties would include tourist
attractions, airport, hospitals,
residential communities, schools,
office complexes
• Facilitate further successful
external investment in other parts
of Africa

20. C O N TA C T
Albert Meyer
President, Bastiat Capital
972-267-2031
ameyer@bastiatfunds.com
Ejike Okpa
The OKPA Company
972-960-1417
eokpa@airmail.net