Wed, 23 Nov 2016 11:36:10 +0000 WESTERN province will be exporting an average of 15, 000 tons of cashew nuts per annum with a turnover of US$90 million at the lowest prices of US$ 6, 000 per ton once the US$ 55.42 million Cashew Infrastructures Development Project is implemented, Agriculture Minister Dora Siliya has said. Updating Parliament on the project, Ms Siliya said funding to finance the project was already in government coffers and would not be used for any other programme apart from its intended purpose. Ms Siliya explained that US$45 million was a loan from the Africa Development Bank, US$8.31 million and was government’s contribution, while the remaining US$2.11 million was a beneficiary contribution. “The loan will be paid over a period of 20 years with a grace period of 5 years at 0.06 percent interest rate,” Ms Siliya said. The minister said the project would be implemented for a period of five […]
