28/06/2012 (Bernama) - FELDA Global Ventures Holdings Bhd (FGVH), which made its debut on the Main Market of Bursa Malaysia at RM5.39 per share, is looking to penetrate a number of markets in the African continent.

"We will implement the Felda model -- a successful social engineering scheme -- in the continent within one to three years," its Group President Datuk Sabri Ahmad said after FGV's listing ceremony Thursday.

The third largest oil palm operator, based on planted hectarage, would participate in nucleus estate development and place more emphasis on processing as well as provide advisory service on planting materials.

"Our Felda model is successful in Malaysia and we have 50 years experience. We want to share our experience with African countries like Cameroon," he said.

It currently operates approximately 350,000 hectares of oil palm plantation in Malaysia which produced 5.2 million metric tonnes of fresh fruit bunches last year.