date:Jun 11, 2012
The company is in discussions with the government of Ivory Coast to lease 300,000 hectares of land, on which it initially plans to grow rice. Cevital also plans to set up a cocoa processing plant in Ivory Coast.
According to the company, the initial investment in the rice sector is expected to be $35m to $40m, while the total investment in the future could reach up to $200m. These investments could help in the economic recovery of the country, which has been affected by economic stagnation.
Cevi