Chinese firm funds CFA53b Congo cashew nut project
Chinese Company Clets Industry Ltd will invest 53 billion CFA francs in the production of cashew nuts in Loudima in Niari district in southern Congo, APA learned on Thursday from the Congolese Ministry of Agriculture.
According to the same source, the 60-year lease contract for the exploitation of more than 22 thousand hectares for the production of cashew nuts, was signed on Wednesday in Brazzaville between the Congolese Minister of Agriculture, Henri Djombo, and Guo Li of the Chinese company CELTS Industry Ltd.
Through the signing of this agreement, Guo Li said his company “intends to make the Congo, in a few years, a cashew exporter, through its future agro-industrial complex of fruit production and processing.”
It is in the context of “producing and consuming Congolese products” that this contract of lease has been signed", Minister Henri Djombo said, while assuring all that the contract provides for “all environmental security and protection mechanisms.”