Public Management

India injects $30 mln into rice production in Sierra Leone

India injects $30 mln into rice production in Sierra Leone
Wednesday, 16 October 2019 14:44

India is giving Sierra Leone $30 million to boost rice production, Venkaiah Naidu, the Indian Vice President, said after a meeting with the beneficiary country’s President, Julius Maada Bio.

The money will be pumped into the rice development project ongoing in Tomabom, according to daily Sierra Leone Telegraph. This project needs a total of $500 and aims to develop 110,000 ha of rice farms in the focus region.   

To reach this goal, the government plans to purchase the required machinery and tools and set up a seed multiplication unit. The construction of access roads is also planned.

According to authorities, the project’s completion will push rice production to 1.6 million tons by 2023, of which 900,000 tons will go for domestic consumption.

Espoir Olodo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $25 million and $40 million. The acquisition...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian businessman Abdul Samad Rabiu posted the largest...
Kenya Pipeline Company will list on the Nairobi Securities Exchange by the end of January 2026. The IPO targets local and foreign investors as part of...
The Bank of Ghana plans to sell up to $1 billion on the FX market in January 2026. The central bank aims to limit exchange-rate volatility...
Most Read
01

The BCID-AES launches with 500B CFA to fund Sahel infrastructure, asserting sovereignty from the B...

AES Launches Confederal Investment Bank: A Strategic Pivot Toward Sahelian Financial Sovereignty
02

Togo passes new law tightening anti-money laundering and terrorism financing rules Legislat...

Togo Overhauls Anti-Money Laundering Rules to Meet Global Standards
03

Nigeria confirms tax reform takes effect Jan. 1, 2026 despite opposition PDP alleges illegal inse...

Nigeria’s Tax Overhaul Set to Take Effect Amid Fury Over ‘Illegal’ Changes
04

Gabon names Thierry Minko economy and finance minister in Jan. 1 reshuffle Move follows tra...

Gabon Appoints Thierry Minko Economy Minister in Post-Transition Reshuffle
05

Creditinfo licensed to operate credit bureau across six CEMAC countries Bureau to collect b...

CEMAC Bloc Clears Way for Private Credit Bureau: New Implications for Regional Lending
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.