SOUTH AFRICA – Sovereign Food Investments has received a firm intention from a special purpose vehicle controlled by Capitalworks to acquire a controlling interest in Sovereign Food for R907 million in an all-cash buy-out, the JSE-listed poultry producer said yesterday.
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KENYA – The Sugar Directorate has issued permits to nearly all private millers to import 150,000 tonnes of the commodity ahead of the expiry of the Common Market for Eastern and Central Africa (Comesa) duty-free window.
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SOUTH AFRICA – Astral Foods says a second outbreak of the highly pathogenic H5N8 avian flu virus has been confirmed and isolated at its poultry-breeding facility at the Grootdraai dam near Standerton in Mpumalanga.
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NIGERIA – Promasidor Nigeria Limited announced on Tuesday the appointment of Mr. Anders Einarsson as its new Managing Director, taking over from Mr. Olivier Thiry, who has now been moved up to the chief executive officer position.
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ZIMBABWE – Zimbabwe and South Africa have lost over one million chickens to Highly Pathogenic Avian Influenza (HPAI), it has been learnt.
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NIGERIA – In efforts to diversify the nation’s economy from the oil to non-oil sectors like agriculture and solid minerals, the Federal Government has set a target of 500,000 metric tonnes (MT) cocoa production and processing by year 2021.
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ZAMBIA – First Hatch Fisheries Limited is investing K150,000 (US$16,500) to increase fingerling production from 450,000 per month to 750,000 fingerlings.
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KENYA – The billionaire Rai family plans to spend Sh165 million (US$1.65m) to increase the production capacity of its Homa Bay-based sugar factory.
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ZAMBIA – Star Milling Company will spend US$20 million on constructing a milling plant in Ndola and the development will create about 300 jobs.
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