Rice
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Imota Rice Mill seeks US$216M to fully exploit its production capacity
NIGERIA – The Lagos State government has signed a funding agreement with the Lagos Commodities and Futures Exchange (LCFE) to raise US$ 216M from investors…
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Jospong Group partners Komptech in US$ 33M deal to boost rice production
GHANA – The Jospong Group of Ghana (JGC), a diversified holding company has signed a 30-million-euro (US$33.1 million) agreement with the Austrian company Komptech in an initiative…
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AfDB invests US$ 20M to boost cereals and oilseeds production in Madagascar
MADAGASCAR- The African Development Bank (AFDB) in partnership with the government of Madagascar has launched a US$ 20 million Emergency Food Production Reinforcement Project, envisioned…
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Rwanda scraps VAT, sets new retail prices for maize and rice commodities
RWANDA – The Rwandese Ministry of Trade and Commerce has announced a scrap of Value Added Tax (VAT) on essential foods amid increased food prices.…
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Ghana’s rice production to increase by 16% in 2023/2024 as the import demand contracts in Sub Sahara Africa
GHANA – Paddy rice production in Ghana is expected to stand at 1.1 million tonnes in the 2023/24 rice season which starts in April, according…