Orascom Telecom Media and Technology Holding (OTMT) confirmed that it is considering plans to invest in several agribusiness projects in Africa, the company said in a statement to the EGX (pdf) on Monday. The company said it was looking into nut and grain production as well as a vegetable oil factory. Countries on its target list include Côte d’Ivoire, Sudan, and South Sudan. The statement follows announcements by Naguib Sawiris that the company is planning two agri-business projects in Côte d’Ivoire in 2018 worth about USD 30 mn each and it was looking at similar projects in Mali, Burkina Faso, Sudan and South Sudan. Sawiris had also said that the OTMT is studying mining projects in Niger and Mauritania. However, the company’s disclosure noted that announced mining projects were investments by Sawiris personally. It is unclear whether they are referencing the Niger and Mauritania projects or Sawiris’ upcoming gold mining investment vehicle.

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