Nigeria invites Russian farmers to invest
- Premium Times
- 11 November 2016
The Nigerian government extended an invitation to Russians to take advantage of the country’s arable land to produce and export agricultural products.
The Nigerian government extended an invitation to Russians to take advantage of the country’s arable land to produce and export agricultural products.
The Russian Direct Investment Fund (RDIF) and Abu Dhabi's Mubadala Development Company have confirmed plans for their joint investment in two of Russia's largest agricultural and food companies.
Sino-Russian fund of agricultural development is exploring the possibility of financing 17 agricultural enterprises in Russia’s Far East, with a decision to provide four projects with $480 million in funds soon to be taken.
The memorandum calls for establishing a major logistics corridor consisting of 30 facilities, including a grain terminal and 29 elevators in various parts of Russia to support shipments.
Trigon Agri shares tumbled 11%, matching their record low, after the former Soviet Union farm operator unveiled a widening in losses and weakening in its balance sheet, and termed 2016 a "year of challenges".
State-backed Russia Direct Investment Fund announced plans on Wednesday to sign an agreement with Thailand's Charoen Pokphand Group on joint investments in the construction of a $1 billion milk and dairy complex in the Ryazan region of Russia.
Russian billionaire Rashid Sardarov, who bought large tracts of land in Namibia, is among the long−serving clients of Mossack Fonseca, a disgraced law firm known for aiding the rich to hide their wealth in tax havens
Kremlin says 51% of the $9.8bn management company will be held by the Russian Federation and 49% by Chinese partners and specifies that land can only be provided to Russian companies for agricultural production.
"Our main priority in the Far East is to provide the conditions for investment in agricultural and infrastructure spheres," says Russian Agriculture Minister Alexander Tkachev, naming several regions near China's northeast.
Russia’s geopolitical conflicts, anemic oil prices and weakened ruble are working out rather well for the country’s biggest publicly traded farming company, which trades on the London Stock Exchange.
El Gobierno de Nicaragua ofreció cuatro millones de hectáreas disponibles del territorio nacional durante la Ronda de Negocios y Foro Mediático Rusia-América Latina, que se desarrolló el 30 de marzo en Uruguay.
The Canada Pension Plan Investment Board is in advanced talks to buy a stake in Miner and commodity trader Glencore Plc's agricultural business, which has farming operations covering 270,000ha in Argentina, Australia, Kazakhstan, Russia and the Ukraine.
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