- Search Results
 
 
Ministry of Commerce Purchases Local Rice to Endorse 25% Local Procurement Act
Date Uploaded: Jul 25, 2014

Ministry of Commerce and Industry Boss Axel M. Addy

 

 

 

Ministry of Commerce Purchases Local Rice to Endorse 25% Local Procurement Act

MONROVIA, July 24 (LINA)—The Ministry of Commerce and Industry (MoCI) has purchased 100 bags (5 MT) of rice grown in Liberia from local rice processor, Fabrar Liberia.

The action is part of the MoCI’s initiative to support the Government of Liberia (GoL) in requiring GoL entities to set aside at least 25% of all public procurement opportunities for Liberian businesses.

According to a USAID press release issued Thursday, the Small Business Empowerment Act would provide a lucrative opportunity for rice farmers and processors.

Each year, the GoL procures large quantities of rice for government employees, school feeding programs, and various humanitarian assistance projects amounting to over 70,000 bags annually
(approximately 3,500 MT).

Previously, that rice was supplied entirely by foreign imports due to a lack of domestic supply.

The GoL purchased rice grown in Lofa County by farmers participating in the USAID Food and Enterprise Development (FED) Program and processed by local rice mill Fabrar Liberia.

“With this initial purchase, MoCI hopes to kick start the process and encourage other ministries to follow suit. MoCI is committed to supporting local farmers and expects to purchase more locally grown
rice to fulfill our rice requirement in the future,” explains Pewee Reed, Director of MoCI’s Micro, Small & Medium Enterprise Division.

In May, Fabrar Liberia bought 3,260 bags (163 MT) of rice worth $63,500 USD from 550 farmers in Lofa County. Fabrar Liberia plans to sell the rice on the local market, targeting consumers in Monrovia as
well as large scale rice contracts in the private sector and the GoL.

Since 2012, the farmers have received support from the USAID FED  program ranging from improved seeds, tools and inputs to technical support. USAID FED also provides strategic assistance in land
preparation, such as facilitating access to power tillers and building permanent irrigation structures on lowland fields.

USAID FED has supported Fabrar Liberia through the renovation of its warehouse facilities in Kakata, the purchase and installation of Liberia’s first automated rice milling line, and an electric power
generator which runs on non-edible palm oil instead of gasoline.

“The rice sector is improving in production and organization, and our capacity to mill rice is higher than it’s ever been in Liberia’s history. While USAID FED increases the capacity of farmers, the
government and the private sector need to unite under a moral obligation to buy local rice,” says the CEO of Fabrar Liberia, Fabio Lavelanet.

Fabrar Liberia plans to procure an additional 20 MT of rice—worth  $7,200 USD—from farmers in Nimba County, which will be sourced through USAID FED supported community rice business hubs.

Fabrar Liberia is a fully incorporated Liberian owned and run agriculture holding firm created in 2009 to tackle food insecurity in Liberia by improving the livelihoods of farmers and providing them with increased access to domestic and international food markets.

Through private equity and equity financing from West Africa Venture Fund, Fabrar Liberia secured funding worth $500,000 USD in 2013 to expand the milling site in Kakata to a capacity of 30 MT of rice per day. To reach full capacity, Fabrar has a strategy to expand and nurture its network of paddy-rice suppliers.
LINA/TSS

 

latest headlines
Judge Kaba Reserves Ruling In E.J. Roye Building Case
Judge Yussuf D. Kaba of the Civil Law Court has reserved ruling in a motion for Declaratory Judgment filed by some individuals calling themselves ...more
CENTAL Raises Eyebrow About Political Parties Spending
The Center for Transparency and Accountability in Liberia (CENTAL) has expressed concern over the expenditure of political parties on fleets of n ...more
LTA, Partners End Int’l Internet Workshop
The Liberia Telecommunications Authority (LTA) and partners have ended a two-day international workshop on ICANN (the Internet Cooperation for As ...more
Liberia To Host GIABA Plenary, Ministerial Meetings
Liberia will host the Intergovernmental Action Group against Money Laundering in West Africa (GIABA) 27th Technical Commission/Plenary and 17th M ...more
GOL, Sweden Sign US$21.6m Accord On Feeder Roads In 7 Counties
The Governments of Liberia and Sweden have signed a US$21.6 million agreement to support the third phase of the Liberia-Swedish Feeder Roads Proj ...more
Defense Ministry Relaxes Camp Ramrod Eviction
The Ministry of Defense has with immediate effect put on hold its notice of eviction to inhabitants of the 72nd Camp Ramrod Barracks in Paynesvil ...more
 
All rights reserved © 2013 - 2014
Liberia News Agency