19 January 2012

Sierra Leone: Chinese Investors to Boost Rice, Rubber Production

Photo: David Njagi
Communal agriculture.

A group of Chinese companies have expressed interest in boosting the rice and rubber production in Sierra Leone's agricultural sector, says the minister of agriculture forestry and food security at the ministry's conference hall in Freetown yesterday.

Dr. Sam Sesay stated that the Hainah Group of Companies for International Economic Development is determined to invest millions of dollars in the country's agricultural sector to provide job opportunities and other economic benefits for Sierra Leoneans.

The minister noted that the government of Sierra Leone will provide necessary documentations and land as part of the agreement to fast- track the project.

"These investors are determined to expend millions of dollars in this project. They want to produce rubber and rice in commercial quantities. Additionally, the project will provide enormous revenue for the government and also job opportunities for Sierra Leoneans," he said. "The project is expected to kick-start next month and we have already provided a parcel of land at Mile 91 for the construction of offices."

Dr. Sesay added that the investment is timely as it is one of the biggest projects for the ministry.

Chairman of the company, Zhoughen emphasized that the Shanghai-based company has been operating for the past sixty years with an outstanding international record.

He said the company is ready to invest both financial and technical expertise to ensure that the project is successful.

"We have what it takes to improve on the rubber industry in the country. The government of Sierra Leone through the ministry of agriculture has done remarkably well to ensure that this project is implemented within the shortest possible time," he said.

Copyright © 2012 Concord Times. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.