Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Millions in funding from IDB for Red Stripe’s Project Grow
Inter-American Development Bank (IDB) country representative for Jamaica, Therese Turner-Jones (left), pictured with from second left - ‎Local Raw Material Business Development Manager at Red Stripe, Cavell Francis- Rhiney; Executive Director for Bahamas, Barbados, Guyana, Jamaica, and Trinidad and Tobago, Jerry Butler; and General Manager of the Multilateral Investment Fund, Brigit Helms enjoying a cold Red Stripe after touring Red Stripe's cassava processing plant. 
News
November 2, 2016

Millions in funding from IDB for Red Stripe’s Project Grow

KINGSTON, Jamaica — Red Stripe’s local raw materials sourcing initiative Project Grow has received a major endorsement from the Inter-American Development (IDB) in the form of a US$814,417 grant funding.

IDB President Luis Moreno signed a technical cooperation agreement with Chairman of the Desnoes and Geddes Foundation Noel daCosta in Montego Bay on Monday.

“We want to congratulate Red Stripe for the initiative which is providing employment and reducing Jamaica’s import bill,” said Moreno.

Under the agreement, the IDB will fund training for 1000 young people in cassava crop production as part of Project Grow, which is seeking to create a network of 200 small and medium farms.

The company’s ultimate objective is to have year-round suppliers of cassava, which will be industrially processed for use in the brewing of its iconic Red Stripe beer.

Monday’s signing was followed by a tour of the beer company’s cassava farm in Bernard Lodge, St Catherine where board members of the IDB got a first-hand look at the cultivation.

The IDB delegation also got a chance to tour the company’s Cassava Starch Processing Plant at its Spanish Town Road brewery in Kingston.

The technical agreement runs to 2018 and will see the Desnoes and Geddes Foundation investing US$4.01 million.

Major growth targets to create jobs

Project Grow is expected to become a local sourcing supply chain model to substitute imported high maltose corn syrup (HMCS) with locally produced cassava starch in the brewing process.

Red Stripe aims to substitute 40 per cent of its HMCS imports with cassava starch by 2019. This 40 per cent substitution requires a significant expansion in cassava production to 65,000 metric tons of tubers (roots) annually, well above the current national production level of 17,300 metric tons.  

According to Red Stripe managing director Ricardo Nuncio, this increase in projected demand will also mean more jobs for more Jamaicans.

“We have already completed training for almost 100 farmers in cassava production. The IDB funding will allow us to increase the number of farms we have and provide employment for many young people, particularly in farming communities, some of which are struggling,” said Nuncio.

Project Grow is spearheaded by the Desnoes & Geddes Foundation, with contributions from international entities such as the IDB and local technical expertise from the Ministry of Agriculture and Fisheries among others.

According to the United Nations Food and Agricultural Organization, global cassava production is likely to accelerate over the current decade. Booming demand for starch and other related products offers millions of cassava growers the opportunity to intensify production, earn higher incomes, and increase food security.  In Jamaica, the use of cassava in agro processing is rapidly emerging.

Balford Henry

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

48-hour curfew imposed in sections of St Mary
Latest News, News
48-hour curfew imposed in sections of St Mary
January 21, 2026
KINGSTON, Jamaica — A 48-hour curfew has been imposed in sections of the St Mary policing division. The curfew began at 6:00 pm on Wednesday, January ...
{"jamaica-observer":"Jamaica Observer"}
Gov’t to chart course on access to information reform
Latest News, News
Gov’t to chart course on access to information reform
January 21, 2026
KINGSTON, Jamaica — Parliamentary Secretary in the Ministry of Education, Skills, Youth and Information, Senator Marlon Morgan, has announced that Cab...
{"jamaica-observer":"Jamaica Observer"}
Cavalier SC, MBU score five goals each in JPL wins
Football, Latest News, Sports
Cavalier SC, MBU score five goals each in JPL wins
January 21, 2026
KINGSTON, Jamaica — Defending champions Cavalier Soccer Club (SC) and leaders Montego Bay United both scored five goals in wins over Dunbeholden FC an...
{"jamaica-observer":"Jamaica Observer"}
‘Mother Moon’ love song by Fyah George generating major buzz
Entertainment, Latest News
‘Mother Moon’ love song by Fyah George generating major buzz
January 21, 2026
‘When love is at a distance, the moon gets a mission’. That’s the message behind veteran reggae singer Fyah George’s latest release, Mother Moon . Rel...
{"jamaica-observer":"Jamaica Observer"}
Sagicor Foundation says 2023 Sigma Run funds used to purchase CT scanner for UHWI
Latest News, News
Sagicor Foundation says 2023 Sigma Run funds used to purchase CT scanner for UHWI
January 21, 2026
KINGSTON, Jamaica — The Sagicor Foundation has sought to clarify how funds raised from the 2023 Sigma Corporate Run were used, stating that the procee...
{"jamaica-observer":"Jamaica Observer"}
Gas prices up $0.45, $0.47, diesel up $2.00
Latest News, News
Gas prices up $0.45, $0.47, diesel up $2.00
January 21, 2026
KINGSTON, Jamaica — Motorists should see an increase at the pumps in the price of gasoline effective Thursday, January 22, according to the latest ex-...
{"jamaica-observer":"Jamaica Observer"}
Forex: $158.00 to one US dollar
Latest News, News
Forex: $158.00 to one US dollar
January 21, 2026
KINGSTON, Jamaica — The United States (US) dollar on Wednesday, January 21, ended trading at $158.00 according to the Bank of Jamaica’s daily exchange...
{"jamaica-observer":"Jamaica Observer"}
Libra-Don to release Unstoppable EP on January 23
Entertainment, Latest News
Libra-Don to release Unstoppable EP on January 23
BY KEVIN JACKSON Observer Writer 
January 21, 2026
KINGSTON, Jamaica — Fresh from a recent promotional run in Jamaica, United States-based dancehall artiste Libra-Don is gearing up for the release of h...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct