Nigeria’s grain imports hits US$2.44 billion as production stagnates

NIGERIA – Nigeria’s grains shipment – rice, maize and wheat, has gulped US$2.44 billion from Nigeria importers in 2018 as production remains constant, reports New Telegraph. The country spent US$1.1billion to import 5.5 million tons of wheat in the period as production remained static at 60,000 tons which constituted 99% of wheat consumed. Rice imports…

Ethiopia’s Dina Gezahegn to establish US$7.1 million flour and biscuit factories

ETHIOPIA – Dina Gezahegn Import & Export, Ethiopia’s major importer and exporter of agricultural commodities and meat has invested US$7.1 million to set up separate flour processing and biscuit manufacturing factories in the country. According to the Addis Fortune, the two factories sit on a 20,000Square metre land in Oromia Regional State, the plants will…

Nigeria’s CWAY diversifies into alcoholic beverage, launches Cheers Cocktail

NIGERIA – CWAY Foods and Beverages Nigeria Limited, a renowned fruit-flavoured milk drinks and drinking water company has diversified its operations into the alcoholic Ready-to-drink (RTDs) with the launch of “Cheers Cocktail”, reports Beverage Industry. Speaking during the commissioning of the factory, General Manager, Mr. Wang Bing said that the new premium brand has been…

Kenya to host 9th International Macadamia Symposium

KENYA- Kenya is set to host the 9th International Macadamia Symposium in August 2021 owing to its increased small scale production of macadamia nuts, reports Business Daily. Nut Processors Association of Kenya (NutPAK) CEO Charles Muigai said Kenya was chosen to host the event due to the success of the sector through small-scale farming, which…

European investors pump US$12.4m in a new liquor plant in Ethiopia

ETHIOPIA - European investors have pumped US$12.44 million into the establishment of a new liquor factory, Komari Beverages Plc in Amhara Regional State, reports the AddisFortune. Komari Beverages Plc, the 13th liquor processing plant in the country will have a production capacity of bottling and packaging 27,000 bottles an hour, processing whiskey, rum and vodka.…

Kenya’s Tuskys sets up US$0.29 million online mall amid NSE listing plans

Kenya – Tusker Mattresses, one of the major Kenyan retailer, has invested US$0.29million (kshs 30 million) in setting up a virtual mall- Tuskys Online Store and a suppliers’ portal. The group’s chief executive Dan Githua said the cloud-based platform will enable customers shop for furniture, electronics, crockery, clothes, mobile accessories and home appliances among others…

China approves five genetically modified crop imports amid US talks

CHINA – China has approved five new genetically modified crops for import in the midst of the just-began trade talks with the United States, the Ministry of Agriculture and Rural Affairs revealed. The move which aims to boost its overseas trade saw the approval of two rapeseed products, one corn and two soybean products. The…

Fonterra sells Farm Source livestock division to Carrfields Livestock

NEW ZEALAND – The global dairy giant has announced that it will sell the Farm Source™ livestock division to Carrfields Livestock, a family-owned livestock and dairy herd agency. The deal whose price was not disclosed is expected to be effective March 1, 2019. According to Richard Allen, Farm Source™ Stores Director, the divestment plan was…

Mondelez International plans to move headquarters to Chicago

USA – Mondelez International has unveiled plans to move its corporate headquarters from Deerfield, Illinois to Chicago in April 2020. The company which makes Oreo, Ritz, Triscuits and other brands will move its 400 employees from the Deerfield site to a newly-constructed five-story office building at 905 West Fulton, in the Fulton Market area in…

Arla Foods sells German cheese factory to Belgian packer Vache Bleue

GERMANY – The Danish dairy producer, Arla Foods has sold its German cheese production site in Bad Worishofen, Bavaria to Vache Bleue, a Belgian seller, distributor and packer of cheese. As part of the sale, Arla has sold its shares in Muhlbach-sur-Munster based French cheese processor, Martin Sengele Produits Laitiers to Vache Bleue. Bad Worishofen…