Tuesday 20 March 2012

Egypt's Citadel to grow staple crops in South Sudan | Reuters

A unit of Egyptian private equity firm Citadel Capital plans to cultivate up to 40,000 acres of farmland in South Sudan to sell staple foods such as maize in the newly-independent nation, an executive said on Tuesday.

South Sudan seceded from Sudan in July under a peace agreement that ended decades of civil war with Khartoum, but the new nation is struggling with food shortages and widespread tribal and rebel violence.

The United Nations warns that around a third of the country's roughly 8 million people will need food assistance this year after bad weather and violence hit farming.

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