Ningxia Province to invest in rice production at Weta

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Diamond Radio | 17 March 2014
Under an agreement between the Volta Regional Coordinating Council and China's Ningxia Province, the Ningxia Agricultural Development Group will begin investing in 100 hectares acquired at the irrigation site. (Photo: GBC)

Ningxia Province to invest in rice production at Weta

The Volta Regional Coordinating Council (VRCC) and the Ningxia Province of the Republic of China have entered into a bilateral agreement for the cultivation of rice on a large scale at the Weta irrigation site in the Ketu South District in the Volta Region.

Under the agreement, Ningxia Agricultural Development Group will invest in the 100 hectares acquired at the irrigation site.

Signing

The outgoing Volta Regional Minister, Mr Joseph Nii Laryea Afotey-Agbo, signed on behalf of the VRCC while the Vice-governor of Ningxia Province, Mr Fun Xing Guo, who led a 10-member Chinese delegation, signed on behalf of the Ningxia Agricultural Group.

The investment marked the concretisation of efforts initiated by the Agbogbomefia of Ho Asogli and President of the Volta Region House of Chiefs, Togbe Afede XIV, in conjunction with the Volta Region Development Agency, to attract investment into the region.

Prior to the signing of the agreement, several exchange visits had taken place between Ningxia and the Volta Region during which politicians, chiefs and businessmen visited China  to sign letters of intent and to further explore collaboration between the two sides.

Togbe Afede

The Agbogbomefia expressed the hope that the Chinese would venture into other sectors such as tourism and unexplored mineral potentials including oil and gas deposits in the region.

Togbe Afede urged the Chinese investors to take advantage of the favourable investment climate in the country.

Ningxia Vice-Governor

The Vice-governor of Ningxia Province, Mr Fun Xing Guo, said the signing of the agreement was the first step for further cooperation and development of the region.

Earlier, Mr Afotey-Agbo expressed delight that the ceremony, which was initiated about three years ago, was being held.

He disclosed that a 4,000-hectare oil palm plantation had been cultivated in the northern sector of the region to create employment opportunities for the youth.

“This shows that what can be done in other regions can be done in the Volta Region too,” he said, and called for more investments in the region, giving an assurance that investors would experience good hospitality.

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GBC | 14 March 2014

VRDA & VRCC Sign Rice Agreement Pact With Ningxia Autonomous Province of China

The Volta Regional Development Agency in collaboration with the Volta Regional Coordinating Council has signed an investment agreement with the Ningxia Autonomous Province of China to begin an agriculture development project at Wheta in the Ketu North District.

The ceremony was witnessed by traditional authorities and political heads of the Volta Region and a delegation from Ningxia Autonomous Province of China.

The outgoing Volta Regional Minister, Nii Laryea Afotey-Agbo expressed satisfaction for the manifestation of the agreement. He entreated the Ningxia delegation to exploit other potential investment avenues available in the region.

He gave them the assurance of government’s support and security in their operations to bring development to the people.

The Agbogbomefia of Asogli State and President of the Volta Regional House of Chiefs Togbe Afede XIV gave an account of what has transpired throughout the Ningxia deal.

He encouraged the delegation to invest in the tourism landmarks and be the pioneers to exploit the virgin minerals, oil and gas resources in the region.

He pledged the collaboration of traditional rulers and the people to ensure development.

The Vice Governor of the Ningxia Autonomous Province of China, Fu Xing Guo expressed his gratitude for the hospitality shown them.

He noted that the agreement is a milestone of what will eventually provide mutual benefit to both regions. He pledged that they would work to increase the efficiency in agriculture in the region.

The Wheta Irrigation Scheme has an allocation of about 100 hectares of land which will be exploited by the Ningxia Nonken Group.
Original source: Diamond Radio
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