Africa: China Earmarks US$5 Billion for Food Production on Continent
Only five years after reestablishing diplomatic relations with Liberia, China plans to invest billions into Liberia’s agriculture industry. From All Africa:
A visiting Chinese delegation headed by the Chief Executive Officer of China-Africa Development Fund says about 5 billion United States dollars have been earmarked for the production of food and cash crops in Liberia and other African countries over a 50-year period.
Mr. Chi Jianxin, at a head of a Chinese delegation, is in the country to explore investment opportunities in the agricultural sector.
Chi said his company has the financial capacity and expertise to develop and stabilize the food situation in Liberia “particularly in rice production and other cash crops”.
During an acquaintance visit with Liberia’s Agriculture Minister Chris Toe, the Chinese delegation summed up its exploratory visit in averring that an increased investment in the agricultural sector would provide more food as well as jobs for thousands of Liberians.
Origin: T. Michael Johnny, AllAfrica.com
