Sustainable fashion materials made from natural grains like corn and rice in eco-friendly packaging.
China’s Sinohydro Group is investing over $100 million in Angola to boost grain production, just days after another Chinese firm pledged $250 million to establish large-scale soybean and corn farms in the country. Under the terms of the agreement, the Angolan government granted Sinohydro Group 25 years of tax-free access to 30,000 hectares across six provinces. With the deal, the Angolan government seeks to revive large-scale farming in the country and cut food imports. Sinohydro will leverage existing equipment to fast-track the development of Angola’s logistics and agricultural support infrastructure. Sixty percent of the produce harvested through this venture, mostly soybeans, will head to China. The rest will support domestic consumption. A seed research center is also planned to enhance yields and lure more Chinese agribusinesses.
Business Insider Africa