INTERVIEW: Agriterra Eyes Expansion Across Africa

18th Jun 2010 14:06

By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Agriculture company Agriterra Ltd. (AGTA.LN) Friday said it is eager to expand its operations outside of Mozambique, and is considering moves into Zambia, Tanzania and other African countries. Executive Director Euan Kay told Dow Jones Newswires Agriterra wants to set up similar operations to its maize processing and cattle ranching businesses in Mozambique. The company buys raw maize from small farmers, processes it in its mills and sells it as staples like white maize and "mielie". It provides a market for 350,000 small farmers in the southern African state. Kay said the company intends to expand elsewhere on the continent and is eyeing moves in Zambia, Tanzania, Ethiopia, Ghana and Liberia, and into other crops, like cocoa. -By Jason Douglas, Dow Jones Newswires; 44-20-7842-9272; [email protected] (END) Dow Jones Newswires June 18, 2010 09:06 ET (13:06 GMT)