The investment will support international field trials, research and development, and partnerships with seed companies as the business expands its portfolio of crops designed to withstand environmental stresses.
Ethiopia imports about 80% of the rice it consumes, while the government aims to reach 1.93 million tonnes of paddy rice output by 2030.
Ghana has lined up two fertilizer projects that could sharply expand domestic production, including a 500,000-ton plant in the Eastern Region and a separate US$10 million organic fertilizer facility.
The commission approved the vertical merger subject to conditions aimed at preserving competition in the flour market, protecting rival bakeries and limiting merger-related job losses.
Construction is expected to begin in the coming weeks, with the facility targeted for completion in fall 2028.