Blumberg Grain was just featured in an African Business article titled "Asian example perfectly suited to Africa" in which the new initiatives by Blumberg to add value to agricultural production by processing that output within Africa. In July, Blumberg Grain signed a memorandum of understanding with the government of Ghana regarding the development of a processing plant and export hub in the north of Ghana. An excerpt from the article follows:
US firm Blumberg intends to employ about 1,000 people at the new facility. The government hopes that the scheme will reduce crop losses and encourage agricultural investment in the north of the country by providing a ready market for production, although the hub will seek to attract supplies from the wider West African region.
Blumberg plans to invest in local, privately owned farms, where it can introduce high-yield farming technology. A new Agriculture and Farming Institute will also be opened at the selected location, which has yet to be confirmed, in conjunction with Ghana’s Food and Agriculture Ministry, Iowa State University and several non-governmental organisations.
To read the full article, click here. For more news and information visit Blumberg Capital Partners.
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