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Guinea<br />
Guinea Will Invest US$21 Million In Crop Year <strong>2014</strong>-2015<br />
The Guinean Agriculture Minister, Jacqueline Sultan, announced US$ 21 million investment for the <strong>2014</strong>-2015 crop year for the<br />
acquisition of inputs and farm equipment to improve domestic rice production. Guinea currently imports 500,000 tonnes of rice<br />
p.a. A dependency that the country aims to reduce.<br />
[Ecofin 21/05/14]<br />
Kenya<br />
Kenchic To Invest In Poultry Processing Plant<br />
Kenyan company Kenchic, which specialises in the production of poultry will invest 350 million shillings in a poultry processing<br />
unit in Thika (Kiambu County). The unit will have a daily slaughter capacity of 30,000 chickens. Construction should last 2- years<br />
Sales of chickens and eggs in the Kenya generated 7 billion shilling in 2013, 9% more than the previous year. Kenchic services<br />
clients such as Steers, Galitos and KFC.<br />
[Ecofin 28/05/14]<br />
Madagascar<br />
Castel Beer Takes Control Of NBM Brewer<br />
The Castel Group has officially taken control the Nouvelle Brasserie de Madagascar [NBM]). The group which holds the<br />
Antananarivo refrigeration company [Star], will continue to operate its competitor brands as well as promote ‘Skol’, one of the<br />
leading products of NMB.<br />
[Ecofin 24/05/14]<br />
Rwanda<br />
Government Moves to Promote Rwanda’s Fruit & Vegetable Exports<br />
Plans aimed at widening Rwanda’s exports base and promoting<br />
agribusiness have gained pace after the government unveiled an<br />
initiative to attract investors into the horticulture sector.<br />
The government seeks a consultant to develop promotion<br />
materials for horticulture products, including pineapples, passion<br />
fruits and tree tomato with a view of attracting more private sector<br />
investments into agribusiness and improving access to agriculture<br />
development information. Other targeted crops are macadamia,<br />
chillies, French beans, fruits, vegetables, peas, tomatoes, nuts and<br />
eggplants.<br />
The consultancy will be funded by the World Bank. Currently,<br />
Rwanda’s fruit and vegetable exports are largely dominated by<br />
informal cross-border trade that accounts for 19% of Rwanda’s<br />
total exports.<br />
The country targets earnings of US$225m by 2017, up from<br />
US$20m presently. Rwanda’s main foreign exchange earners are<br />
coffee, tourism, minerals and tea.<br />
[New Times 07/05/14]<br />
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