Feronia Inc. announced that it has entered into a share subscription agreement with the African Agriculture Fund managed by Phatisa Fund Managers Limited
A law meant to breathe new life into agriculture in Democratic Republic of Congo risks scaring off needed foreign investment due to a clause calling for farms to be majority-owned by Congolese, according to investors and other sector players.
Q&A with Bill Dry, CEO of Feronia, the largest agriculture company in the Democratic Republic of the Congo, with over 107,000 hectares of arable farmlands and plantations.
Feronia Arable holds a 10,000 hectare concession in the Bas-Congo province of the Democratic Republic of Congo, 200km from the national capital, Kinshasa.
Feronia Inc. got into the palm oil business in September 2009 through the purchase of a 100,000 hectare plantation in the Democratic Republic of Congo from Unilever.
Indian businessman also has major stakes in farmland investors Ruchi Soya, KS Oils and Equitorial Palm Oil.
The African Agriculture Fund and its portfolio companies commit themselves to these principles and guidelines in undertaking agricultural and agribusiness investments across Africa.
The Africa farms operator, whose company mission is to be "the largest agricultural producer in Africa", raised the cash from both institutions and private investors
|
Italy supports sustainable agriculture projects in Ghana
|
