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Chinese state-owned company to build cashew processing units in Guinea-Bissau

Entire crop, some 250,000 tonnes, sold to Chinese company which has plans to revolutionise country’s cashew industry.

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Entire crop, some 250,000 tonnes, sold to Chinese company which has plans to revolutionise country’s cashew industry.

ARTICLE BY

PUBLISHED

READING TIME

Less than 1 minute Minutes

UPDATED: 22 Dec 2023, 12:47 am

Grupo Human Construção e Investimentos, a Chinese state-owned company, has agreed with the Guinea-Bissau authorities to buy the country’s cashew nuts production, with a view to building cashew processing units at a later date.

Grupo Human signed two memoranda of understanding with the ministries of Commerce and Energy and Industry of Guinea-Bissau, after four days of market prospecting in the country.

Abdu Jaquité, delegate of the Government of Guinea-Bissau to the Permanent Secretariat of Forum Macao for the Economic and Trade Cooperation between China and Portuguese-speaking countries, said that initially, the Chinese will buy almost the entire production of cashew nuts.

In a second phase, Human plans to build processing units in the country, Jaquité said at the signing of the agreements.

“They want to buy, if possible, 250,000 tonnes, which means practically all agricultural production,” he underlined, adding the Chinese plan includes “to establish a factory for processing cashew nuts in Guinea-Bissau”.

The Chinese province of Hunan may serve as Guinea-Bissau’s gateway to the world’s largest market with around 1.5 billion consumers.

 

UPDATED: 22 Dec 2023, 12:47 am

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