By Fatima Saka
Abuja, Nigeria — In a major boost to Liberia’s food security and agricultural development, New Frontier Developments Limited (NFD) and Ducor have signed a Joint Venture Agreement to establish Billhook Foods Limited, a new agribusiness company targeting the country’s rice value chain.
The agreement, signed at the African Natural Resources & Energy Investment Summit (AFNIS) 2026, signals the start of a long-term strategic partnership aimed at strengthening rice supply systems, creating jobs, and enhancing local agricultural productivity.
Billhook Foods Limited will operate across the entire rice value chain, including importation, production, processing, and distribution. The company will begin operations with a US$10 million rice importation and distribution programme, with projections to scale up to US$50 million per quarter as operations expand.
The partners said the initiative is designed not only to ensure a steady supply of quality rice to the Liberian market but also to drive investments in local production and processing. This, they noted, will support farmers, stimulate rural economies, and reduce reliance on imports over time.
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Speaking after the signing ceremony, representatives of both NFD and Ducor described the venture as a milestone investment that reflects a shared commitment to building a sustainable agribusiness platform capable of delivering long-term economic value to Liberia and the wider West African region.
They further emphasised that the establishment of Billhook Foods Limited marks the first phase of what is expected to become a transformative intervention in Liberia’s agricultural sector, particularly in addressing food security challenges and unlocking the country’s agribusiness potential.
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