• March 20, 2018
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Sahel Capital, fund managers for the Fund for Agricultural Finance in Nigeria (“FAFIN”), and Coscharis Group, a Nigerian Conglomerate with interests across several sectors of the Nigerian economy, are pleased to announce that definitive agreements have been executed for an investment in Coscharis Farms Limited, a subsidiary of Coscharis Group.

Coscharis Farms is an integrated rice processor that started operations in 2014 to meet part of the estimated 5.9 million MT annual rice demand in Nigeria. Coscharis Farms currently has 2,500ha of land for rice cultivation, and is in the process of installing a 40,000 MT per year rice mill and an irrigation system on its farm to enable multi‐cycle rice cultivation. Both are expected to be completed by 4Q18. Coscharis Farms also plans to incorporate a robust farmer out‐grower development programme within Ayamelum, Anambra State, and neighbouring communities to reach 2,000 farmers that could provide rice paddy to its mill when completed.

Read more: AVCA

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