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Tuesday, April 1, 2025

St. Kitts-Nevis signs MoU with Nigerian company to establish regional agro hub

by

Newsdesk
4 days ago
20250328

The St. Kits-Nevis gov­ern­ment Fri­day signed a Mem­o­ran­dum of Un­der­stand­ing (MoU) with the Nige­ria-based Green Eco­nom­ic Zone (GEZ) Spe­cial Eco­nom­ic Zone Man­age­ment Com­pa­ny for the es­tab­lish­ment of a state-of-the-art Agro Hub Ware­house and Lo­gis­tics Cen­tre on the Caribbean coun­try.

A gov­ern­ment state­ment said that the part­ner­ship fol­lows a suc­cess­ful en­gage­ment at the Afri-Caribbean In­vest­ment Sum­mit (AACIS 25), held here, where both par­ties ex­plored op­por­tu­ni­ties to deep­en trade and eco­nom­ic co­op­er­a­tion be­tween Africa and the Caribbean.

The GEZ Agro Hub Ware­house and Lo­gis­tics Cen­tre is de­scribed as a re­gion­al sales and dis­tri­b­u­tion hub, fa­cil­i­tat­ing the flow of agri­cul­tur­al and food prod­ucts from Nige­ria to the wider Caribbean.

Prod­ucts will in­clude sta­ples such as rice, maize, and soy­bean, as well as val­ue-added goods like dairy prod­ucts, ba­by food, snack bars, and non-al­co­holic bev­er­ages, all sourced and processed through GEZ’s ex­pan­sive op­er­a­tions in Nige­ria.

“This col­lab­o­ra­tion rep­re­sents a sig­nif­i­cant step to­ward strength­en­ing food se­cu­ri­ty, pro­mot­ing South-South co­op­er­a­tion, and po­si­tion­ing St. Kitts and Nevis as a vi­tal bridge be­tween African pro­duc­ers and Caribbean mar­kets,” the state­ment said.

“It al­so re­in­forces the gov­ern­ment’s com­mit­ment to build­ing sus­tain­able in­ter­na­tion­al part­ner­ships, boost­ing eco­nom­ic re­silience, and cre­at­ing new op­por­tu­ni­ties for growth and de­vel­op­ment across the re­gion,” it added.

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