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Liberia: Chinese Agro Investment Team Visits Country
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The Inquirer (Monrovia)
23 April 2008
Posted to the web 23 April 2008
A High-Power Chinese delegation is in Liberia to explore investment opportunities in the Agricultural sector.
Speaking during an acquaintance meeting at the Ministry of Agriculture on Monday, Mr. Chi Jianxin, and Chief Executive Officer of China-Africa Development Fund disclosed that his company has an investment package of five billion United States Dollars to invest both in food and cash crops production for a period of fifty years in Africa.
He averred that China-Africa Development Fund has the financial capacity and experts to develop and stabilize the food situation in Liberia particularly in the production of rice and other cash crops.
Also speaking, Agriculture Minister, Dr. J Chris Toe said commercial rice and cassava production are critical priorities to reduce poverty in Liberia.
He said there are several investment opportunities in Liberia that could steadily be looked into for partnership.
Minister Toe pointed out that a good investment partnership could be in the areas of food and tree crops, agro processing technology and the training of Liberian farmers in commercial farming activities as a way of making Liberia self reliant in food production.
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The Minister Commended the Government and People of China for the numerous assistance they continue to render the agricultural sector including the China-Liberia Agricultural Technology Demonstration Center at the Central Agriculture Research Institute (CARI), bamboo weaving training program, hybrid rice production as well as the provision of assorted farming tools among others.
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