Côte d’Ivoire has signed a €134 million ($156.8 million) farm investment deal with Italian agribusiness group Bonifiche Ferraresi. The agreement, signed by Agriculture Minister Kobenan Kouassi Adjoumani on September 25, covers a 10,000-hectare pilot farm in Tagadi, Sorobango.
Officials explain that the project aims to boost food security by cutting imports of wheat and rice. It will also promote local crops like yams, corn, millet, chili peppers, and eggplant. The UNCTAD notes Côte d’Ivoire imported nearly $2.9 billion in food annually between 2021 and 2023. For BF Group, the venture offers a chance to tap into this large import market.
The project expands BF’s footprint in West Africa, after similar ventures in Ghana and Senegal. Details on when activities in Tagadi will begin have not yet been disclosed.
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