Nigeria’s southeast Cross River Basin Development Authority (RBDA) is collaborating with a Chinese firm, Ruyi Holdings Group, on large-scale cassava production. The partnership would also include the construction of a hydro-electric power plant for the catchment area, Bassey Nkposong, Managing Director of the Authority, said in a statement reaching Xinhua on Wednesday [31 January 2018]…Full Article: Xinhua Jan 2018
- In January 2018, China’s Ruyi Holdings Group and Cross River Basin Development Authority (CRBDA) agreed to cooperate on cassava production in Cross River State, southeastern Nigeria.
- In April 2017, China announced it would loan USD 4.5 billion loan to Nigeria for agriculture development. The loan will have a 20 year repayment term and moratorium of 5 years (if needed) and will be used to increase Nigeria’s farm mechanization and boost its rural infrastructure. This includes constructing rural earth dams and developing Nigeria’s irrigation systems.
- In January 2017, the Tanzanian government announced a cassava production and export agreement with Agricultural Export Processing Zone Limited and Epoch Agriculture (TAEPZ). As a result of the agreement, China’s Epoch Agriculture (TAEPZ) will annually consume 2.5 million MTs of dry cassava. The first phase of the agreements entails the establishment of cassava processing facilities to produce cassava flour, starch, animal feed, organic fertilizer, and paper pulp in the regions of Mtwara, Lindi, and Pwani/Coast (southern and eastern Tanzania). The second phase of the agreement is to develop sugar and ethanol production.
- In October 2016, Chinese investors and government officials from northern Nigeria’s Bauchi State signed a MoU. The MoU was signed after a team of Chinese investors carried out a three day tour of Bauchi State. The Chinese delegation was led by a representative of the China General Engineering and Construction Company.
- In August 2016, China’s Wuhan Longfecund Agriculture Development announced it would promote sweet corn cultivation and construct a feed mill to produce glucose syrup in Cross River State, southeastern Nigeria.
- In June 2016, a five-day training program was carried out by the China Geo-Engineering Corporation (CGC) to train 40 officials from Nigeria’s Ministry of Agriculture and Rural Development. The training covered rice production, vegetables cultivation, soil/fertilizer management, seed production, farm machinery training, and plant protection practices.
- In August 2015, two Chinese companies stated they would invest in northern Nigeria’s agriculture sector. The first, China Geo-Engineering Corporation (CGC) announced plans to develop 9,000 ha of agricultural land in Jigawa. The company has previously carried out road construction and irrigation projects in Jigawa’s largest city, Hadejia. The second, China’s Lee Group, which produces shoes in Jigawa, announced plans to expand into sugar production, molasses and seasoning (e.g. spices) in the near future.
- In September 2014, the coordinator of the World Bank’s Third National Fadama Development (Fadama III) Project in Nigeria announced a Chinese company was going to establish a cassava processing plant in Yakurr, Cross River State, southeastern Nigeria.
Hong Kong Trends