World Bank pumps US$95m to transform Malawi’s agricultural sector

MALAWI – Malawi’sagricultural sector is set to receive US$95 million from the World Bank through a six-year Agricultural Commercialization (AGCOM) Project that seeks to transform the sector into a high productive commercial division. Malawi News […]

Rwanda’s SKOL Brewery commissions US$10m packaging line

RWANDA – SKOL Breweries Limited, has unveiled a new packaging line at an investment worth US$10 million as it aims at consolidating the brewer’s market share that currently stands at 20%, reports New Times Rwanda. […]

Kenya’s tea agency projects lower prices as production increases

KENYA – Kenya Tea Development Agency (KTDA) projects low earnings for tea farmers this year following a 17% drop in the price of the beverage in the first half of the 2018/2019 financial year, reports […]

Flour Mills of Nigeria profit after tax dip 40.3% to US$21.7m in nine months

NIGERIA – Flour Mills of Nigeria (FMN) Plc has reported a profit after tax of US$21.7 million for the period nine months ending 31st December 2018 down from US$36.4 million recorded in the same period […]

Alltech estimates world feed production increase 3% with rapid growth in Europe

USA – Global feed production has grown by 3% to 1.103 billion metric tons in the year 2018, with Europe forming the second-fastest growing region around the world, according to the 2019 Alltech Global Feed […]

GEA Group to build new infant formula plant for Junlebao Dairy in China

CHINA – GEA Group, the Dutch multinational equipment and process technology provider has secured the deal to build a new infant formula plant in China for Junlebao Dairy. GEA will be responsible for the plant […]

Kenya to lift ban on Ugandan poultry imports as condition normalises

KENYA – Kenya is set to lift ban placed on Ugandan poultry products following a report submitted by Uganda to the World Organisation for Animal Health (OIE) on eradication of avian flu disease, reports Business […]

Zomato in talks to sell UAE business to Dutch delivery firm for US$200m

INDIA – Indian restaurant search and discovery service, Zomato is in ‘advanced discussions’ to offload its business in United Arab Emirates (UAE) to Berlin-based food-delivery service, Delivery Hero for about US$200-250 million. According to ET […]

ADM partners in achieving gender parity in leadership structure by 2030

USA – The American grain merchant, Archer Daniels Midland Company (ADM) has partnered Paradigm for Parity in commitment to achieve gender parity within its senior leadership structure by 2030. ADM becomes one of the first […]