State Set to Acquire Shares in Ramu Agri Industries Limited

The State of Papua New Guinea is set to increase its stake in a key player of the agricultural industry, Ramu Agri Industries (RAI) Limited, through its investment arm, Kumul Consolidated Holdings (KCH). This strategic move, confirmed by Minister for International Trade and Investment, Richard Maru, underscores the government's intent to bolster its presence and influence in vital economic sectors.

Minister Maru announced on Friday, May 22, 2026, that the independent valuation of Ramu Agri Industries is scheduled for completion next week. This valuation is a critical step in the process of acquiring shares, ensuring that the State's investment is based on a fair and accurate assessment of the company's worth.

The potential acquisition signifies a broader government agenda to secure national interests and potentially enhance local participation and benefits from industries like agriculture, which are crucial for the nation's economy and food security. Further details are anticipated once the valuation is finalized, shedding more light on the terms and implications of this significant share acquisition.