The Ivorian government wants to increase its domestic rice production while also aiming to become food self-sufficient by 2020.
To achieve this objective the country has just received a 30 million dollar loan facility from the Exim bank of India
The money will be used to build new infrastructure to boost rice production.
According to a government spokesperson, 30 production units with a capacity of 25,000 tons per year should be operational by the end of the year.
Twelve out of the 30 production units are already in operation.
In order for the government’s lofty ambitions to be realised, it has to reduce the prices of local rice to stave off competition form imported rice into the country.
Imported rice is still very popular, and import numbers have even increased from 1.25 million tonnes to 1.45 million tonnes between 2016 and 2017.
Côte d’Ivoire in 2016 set an ambitious target to become food self-sufficient.
Future infrastructure should help Ivory Coast to produce 2 million tons of rice in order to boost the competitiveness of local rice.
- Government to face difficult refinancing options in repaying maturing T-Bills – Report
- Ayew brothers dropped as Inaki Williams starts for Black Stars in Nicaragua clash
- 3rd-year Mechanical Engineering student tells story of how he begged for a plate of food
- Aisha Huang denied bail again as judge calls on judiciary to help save water bodies
- Fatawu Issahaku scores debut goal as Black Stars record narrow win over Nicaragua
- Luv News uncovers degradation of Tano Nimri Forest Reserve
- ‘Nicaragua won’t be as tough as Brazil’ – Otto Addo
- Pressure mounts on government to scrap SIM re-registration deadline
- Samuel Boadu leaves Hearts of Oak by mutual termination
- Aisha Huang trial: We need to take a strong stance against illegal mining – Judge
- IMF sounds alarm on UK tax cut plans
- Malawi’s John Chilembwe gets statue in London’s Trafalgar Square
- Medical and Dental Council’s directive only applies to students who are yet to graduate – Dr. Banyubala
- We provided opportunities for medical students from Ukraine to enroll in Ghanaian universities – Dr. Banyubala
- Galamsey takes over rice farms in Upper Denkyira East
- Claims GNPC is causing financial loss to the state in Genser deal misleading – Deputy Energy Minister
- The Council from 2017 had issues with medical training from certain parts of the world – Dr. Banyubala
- Police investigate drowning of Officer at Sefwi Amoaya
- Bui Power Authority committed to harnessing football talents within its enclave – Management
- Andre Ayew becomes Ghana’s joint most capped player alongside Asamoah Gyan
- West Africa Crypto and Fintech summit held in Accra
- Sthenjwa Luthuli explores freedom and social restriction in Imbewu Yokhokho exhibition
- Global Citizen Festival: Dancegod Lloyd couldn’t join us on stage because he was unavailable – DWP Academy’s Afrobeast
- Livestream: PM Express discusses the dilemma of Ghanaian medical students from Ukraine
- Player Ratings: Black Stars beat Nicaragua in Spain