NEWS
Moringa to invest US$5m in
B-BOVID Limited’s polyculture
project in Ghana
B-BOVID’s credibility and viability as
a social enterprise. He further added
that the partnership will go a long way
towards providing sustainable solutions
to deforestation, unemployment and
poverty in the country.
Mr. Ouedraogo also explained that
Moringa was an investment company
that provided equity financing for
sustainable agroforestry projects
in sub-Saharan Africa and Latin
America. He added that B-BOVID
was committed to transforming
agribusiness in Ghana and called for
support from the government and the
banks to make agriculture attractive to
the youth.
B-BOVID Limited, which was
established in 2004, produces
crude and palm kernel oil from fruits
harvested from more than 2,000
farmers and trained several farmers and
students on climate smart agriculture.
M
oringa SCA SICAR, is looking
to invest US $5m in B-BOVID
Limited’s polyculture project.
The investment firm announced its
ownership of a stake in the Ghanaian
Company earlier on this week. This,
according to a statement released by
the company, will serve to enhance
and strengthen the B-BOVID Limited’s
out-grower palm oil polyculture model
that is aimed at engaging up to 4,000
farmers within the next few years.
6 |November - December 2018
Additionally, the investment would
support the modernization of
B-BOVID’s manufacturing plant. This is
in addition to expanding its production
capacity to meet growing local and
regional demand as well as improve the
livelihood of the out-grower farmers.
Managing Director of B-BOVID, Issa
Ouedraogo, said the agreement with
Moringa was recognition by the
international investor community of
The Investment Director of Moringa,
Adrien Henry noted that the
cooperation with B-BOVID was the
first investment in Ghana. He also
added that it aimed to reinforce
its presence in Western Africa as
part of the strategy to create strong
sustainable practices on the continent.
Currently, Moringa is reportedly
working to strengthen B-BOVID’s human
resource base. This is in addition to and
increasing its overall efficiency.