Zim, SA lose 1m chickens to bird flu
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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Month: August 2017
Nigeria targets 500,000 MT cocoa production by 2021
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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Firm invests to increase fingerling production
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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Sukari Industries set to triple capacity in Sh165m expansion plan
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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Star Milling to set up new $20 million plant
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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WACOT opens new rice mill, to increase capacity to 500,000 MT
NIGERIA – WACOT Rice Limited has said that it intends to increase its rice milling capacity in Nigeria to 500,000 metric tonnes per annum in the next few years in order to reduce Nigeria’s dependence on imported rice.
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Dangote Sugar declares dividend as profit grows by 132%
NIGERIA – The current earning season for listed company has favoured shareholders of Dangote Sugar Refinery (DSR) Plc as the company has declared an interim dividend of 50 kobo per share for the half year ended June 30, 2017.
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Trade lobby petitions President to lift ban on plastic bags
KENYA – Manufacturers have petitioned President Uhuru Kenyatta to lift the ban on plastic bags, warning that it could cripple the economy.
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Lagos State buys rice milling equipment, to produce 2.6m bags of rice a year
NIGERIA – Governor Akinwunmi Ambode of Lagos State yesterday in Zurich, Switzerland, led a team of the State Executive Committee members to sign an agreement with Bühler AG (“Bühler”), a leading rice-mill producer in the world, for the acquisition of 32 tons per hour rice mill.
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Distell acquires Angola’s biggest spirits player
SOUTH AFRICA – Africa’s leading spirits and wines operator Distell has completed the acquisition of an initial 26% of the ordinary shares of Best Global Brands Limited for US$54.6 million, a leading spirits producer in Angola and Nigeria.
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