USDA seals pact with Nigeria to boost cashew production guardian.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from guardian.ng Daily Mail and Mail on Sunday newspapers.
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Okechukwu Nnodim, Abuja
The Federal Government on Sunday put the country’s earnings from the export of cashew at $500m and stated that this was supporting about 500,000 families across the country.
Minister of Agriculture and Rural Development, Sabo Nanono, disclosed this in Abuja when he signed a Memorandum of Understanding with the United States Department of Agriculture West Africa PRO-Cashew Project.
The Federal Ministry of Agriculture and Rural Development said in a statement issued in Abuja by an officer in the press department, Okeh Juliet, that the project would be for the development of the cashew agro industry.
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Cashew value chain receives boost as FG, US sign MoU to increase productivity
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By Gabriel Ewepu – Abuja
Cashew production and export received a boost at the weekend, as the Federal Government and the United States Department of Agriculture, USDA, West Africa PRO-Cashew Project, signed Memorandum of Understanding, MoU, to develop the nation’s cashew industry.
This was contained in a statement signed by the Director, Information, Federal Ministry of Agriculture and Rural Development, Theodore Ogaziechi, where the Minister of Agriculture and Rural Development, Mohammed Nanono signed on behalf of Nigeria with the team from USDA, West Africa PRO-Cashew Project.
Acquisition of a further 16.7% interest in cashew project Dekel Agri-Vision Plc, the West African focused agriculture company, is pleased to announce it has entered into an agreement to acquire an additional 16.7% interest in the large scale raw cashew nut ( RCN ) processing project at Tiebissou, Côte d Ivoire (the Cashew Project ), which will increase its interest in the Project to 70.7% (the Acquisition ). The Cashew Project is on course to become Dekel s second producing asset in Q2 2021, alongside the 100%-owned palm oil asset at Ayenouan. Cash and shares settlement at request of vendor to retain exposure to upside potential Dekel is increasing its interest in the Cashew Project via the acquisition of a 16.7% beneficial interest in Pearlside Holdings Ltd ( Pearlside ), the wholly owned parent of Capro CI SA, the entity developing the Project, for a total consideration of £1.062m. £708,000 of the consideration is t
Details of the Offer The Company highly values its retail investor base which has supported the Company alongside institutional investors over several years. Given the longstanding support of retail shareholders, the Company believes that it is appropriate to provide retail and other interested investors the opportunity to participate in the Offer. The Company is therefore making the Offer available exclusively through PrimaryBid.com. The Offer is offered under the exemptions against the need for a prospectus allowed under the Prospectus Rules. As such, there is no need for publication of a prospectus pursuant to the Prospectus Rules, or for approval of the same by the Financial Conduct Authority in its capacity as the UK Listing Authority. The Offer is not being made into any Restricted Jurisdiction or any other jurisdiction where it would be unlawful to do so.