This investment project, which mobilizes foreign capital, is also a boost for the implementation of the National Agricultural Sector Development Plan (NADP) adopted in 2024.
FAS forecasts a 2.2% rise in corn imports for MY 2025-26, reaching 15.8 million tonnes, the highest volume in six years.
Under the terms of the lease, Nile Logistics is required to build sustainable market linkages for both raw and processed rice and employ at least 60% of its staff from within the local community.
The investment is expected to accelerate growth in the company’s rice business and increase rice’s contribution to revenue.
Despite the closure of the Olen factory, the company plans to continue its broader operational presence in Belgium.