As part of their fulfillment of a particular statutory requirement, Abanga Group says it has paid a surface rent of at least Le240,000,000 Old Leones to six landowning family representatives in the Mambolo Chiefdom in Kambia District on Wednesday, 9th October 2024.
ABANGA GROUP are a legally registered Ghanaian Agribusiness value chain also operating in Nambia, Liberia and Sierra Leone, with its Head Office based in Ghana.
The Group has subsidieries of A&G Agro-mechnical Inditries, Abanga Foods , Abanga Farms & Food Systems and Abanga Direct Farm Services.
The Group supply modern tractors and implements, power tillers, combine harvesters and other Agro machinery for land preparation, seeding, plant protection and harvesting.
According to the Founder & CEO, Dr. Thomas Abanga, he says “their vision is to empower the agricultural community to eradicate hunger and poverty by providing mechanised and innovative systems to farmers to improve their current agarian practices beyond mere subsistence into sustainable businesses and farming practices.”
In Sierra Leone, Abanga Group, in partnership with the world renounced Memmonite Economic Development Associate (MEDA) of Canada will be embarking on large scale rice farming of about 50,000 hectares of increased yield production through improved mechanisation, seeds and input supplies, and Improved aggregation and process through strengthened market linkage.
At the ceremony in Kobia, he further stated that they would be adopting agri-tech and climate-smart agricultural practices through the application of technology, thus increasing mechanisation in food production and processing.
“This project will create about 250,000 jobs within 5 years, with 70% of the beneficiaries below 35 years, and with at least 50% being young women.”
He also said that they would increase large-scale production which will will undoubtedly contribute to the reduction of importation of rice, hence reduce the use of foreign exchange.
During the payment of the surface rent, the Founder & CEO, Thomas Abanga, thanked the Local Leaders, Landowners and the community for entrusting their land to the Abanga group for undertaking such an investment.
He said the payment of surface rent demonstrates their commitment to following the legal framework of the country as well as fostering partnership with the community.
He called on the community to support and own the project, stating that the investment will create many opportunities that will bring economic benefits to the people of Mambolo, Kambia District, and that the project will support the FEED-SALONE agenda of the government.
The CEO thanked the Minister of Agriculture for the support they had been receiving from the government of sierra Leon since they came to Sierra Leone.
The Paramount Chief of Mambolo Chiefdom, PC Bai Shebora Lion II, thanked the Abanga Group for honouring their obligations to the landowners, stating that the support and commitments received from Abanga Group has been overwhelming. He commits to supporting the project’s goal of improving rice cultivation through technology and mechanization.
The Abanga Group and partners, MEDA have engaged various government officials and agencies, including the Minister of Agriculture and Food Security and some private agro-enterprises in their line with their initiative.
©Abanga Group Media