Orabank invests in the transformation of local rice

Thursday, 12 December 2019 15:24
Orabank invests in the transformation of local rice

(Togo First) - Orabank recently invested XOF106 million in the installation of a transformation unit of paddy rice into white rice. The facility will be located in Kovié, about 30km from Lomé. 

The pan-African bank, let's note is the first bank to support the agricultural financing incentive mechanism (MIFA) since it was launched.  

The rice transformation project is led by Vabhekos, a firm owned by Kossivi Amentana. Rice processed will be sold under the La Paix brand. 

The Ris La Paix, according to Amentana, is available in 1kg, 5kg, and 25kg bags. 

Each year, let's recall, Togo produces more than 100,000 tons of paddy rice. 

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