Nu Agri Asia to invest $250m in Ghana’s Agric Sector – Abhulimhen

Nu Agri Asia Corporation of the Philippines is to invest $250 million in the agriculture sector of Ghana to boost sugar production. This was part of the corporation’s desire to expand its investments in Africa.

Lead investor and president of Jose Global Consulting Limited, Dr Matins Abhulimhen, in a press release yesterday said of the amount, $129 million will go into the establishment of a sugar mill to process 10,000 tonnes of crushed sugarcane daily, whilst the remainder will go into the setting up of a 1 million coconut-per-day and multi-fruit processing units.

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