Blumberg in the News

David Blumberg, Chief Executive Officer of Blumberg Grain – West Africa, was interviewed this month in Business Today Egypt in an article titled Blumberg Grain Provides Solutions to Egypt's Grain Spoiling Problem. An excerpt follows:

Egypt has a major issue with grain spoiling. Some 40% of grain spoils every year, why?
Egypt regularly faces post-harvest wheat losses of approximately 40% due to spoilage occurring in the traditional, open-air storage facilities currently being used, commonly known as Shouna. This loss is due to depletion by pests, pilferage, rot and inclement weather.

What is the solution that Blumberg Grain provide to this problem? And how much can it reduce the percentage of spoiled grain?
The Shouna Development Project is a unique collaboration between the Ministry of Supply, Ministry of Defense and Blumberg Grain. The first phase of the project will revamp 93 Shouna (of 164 total planned) located across the country with modernized food security warehouses, known as Blumberg Grain Aggregation Centers.

This first phase of the project will enable primary processing of 3. 7 million metric tons of wheat per year across a platform of 3.6 million square feet of storage space.

The project will create one of the world’s largest and most sophisticated integrated food security systems for grain storage.

The Blumberg Grain Aggregation Centers, when properly implemented, can reduce postharvest losses down to 5% or less. The system will support the government in recovering crops lost to post harvest losses, saving Egypt up to an estimated USD 200 million annually.

To read the full interview, click here. For more news and information, visit Blumberg Partners.

Blumberg In the News

Blumberg Grain was featured this week in an AllAfrica article after having been awarded an agri-warehousing project in the Democratic Republic of Congo. An excerpt of the article follows:

Following the Nigerian Ministry of Agriculture's recent contract for Blumberg Grain food security and storage systems, Blumberg Grain has also been chosen to provide its grain warehousing in the Democratic Republic of Congo (DRC). The DRC project includes the installation of the company's Grain Vault product line with integrated security systems.

David Blumberg, CEO of Blumberg Grain - West Africa, commented that "This initial DRC order represents another important deployment of Blumberg Grain's food security storage and systems. Throughout Africa, governments emphasize the need to lower post-harvest losses in order to increase farmer incomes and boost agricultural output. That's a key focus of Blumberg Grain's food security systems." Philip Blumberg, CEO of Blumberg Capital Partners, stated "We will also be looking into investing in processing plants, cleaning, drying and packaging facilities in the DRC."

To read the full story, click here. For more news and information, visit Blumberg Capital Partners.

Blumberg Grain in the News

Blumberg Grain was featured in an article titled Blumberg Grain Makes Ghana A Finalist For West African Manufacturing Hub published by The Investor yesterday. The article makes note of an impending investment decision to possibly locate a multi-million dollar Manufacturing Plant and Export Hub in Ghana by Blumberg Grain. An excerpt:

If Ghana is selected, the Blumberg Grain Hub would employ over 1,000 Ghanaians, generate USD 1.25 billion in sales/export, increasing Ghana's GDP by 3 percent, and house an agricultural institute that provides programming on best practices in agricultural development.

Blumberg's investment will make the winning country the major agribusiness center in the sub-continent. Ghana is in contention with sister African economies, but Blumberg's CEO, Philip Blumberg, said he was impressed with Ghanaian Minister of Food and Agriculture, Mr. Kwesi Ahoi's response, with whom he had personal contact during his 5-day visit.

Mr. Blumberg noted, "Minister Ahwoi has passion, an understanding of the business of agriculture, and a strong desire to see Ghana transformed into a vibrant and critical agricultural commune. Minister Ahwoi introduced us to his team in Accra, who were extremely impressive as well, both in their technical knowledge and their vision for a comprehensive system for Ghana", describing the response as, "extremely impressive."

Speaking about Ghana, the Blumberg team noted that this country is a good place for the Hub as according to them Ghana's Minister is committed to working within the political system to achieve for Ghanaian farmers improvement and support. "He's very focused on that. And that makes a difference to us because it means not only do we have ministerial support, but we also have a government advocate for the center. I was very encouraged by that."

To read the full article, click here. More news and information is available at Blumberg Capital Partners.