Russian firm to invest 500 mln euros in Republic of Congo's agriculture
2012-08-21 17:10:03
The Premium group, a Russian firm, intends to invest over 500 million euros in the Republic of Congo's agricultural sector, a source from the Congolese Agriculture Ministry has said.
The officials of the Russian company, who had visited Congo recently made these revelations during a meeting with Congolese Agriculture Minister Rigobert Maboundou.
"Our Russian friends from the Premium group want 25,000 hectares for farming and livestock keeping activities and they intend to invest over 500 million euros. We shall work with them and help them locate the land from where they will carry out their activities," Maboundou said on Monday.
For the first phase, the Russian investors are expected to carry out an analysis of the soil samples, so that they can determine the crops that they will grow on the land.