Flour Mills Nigeria enters partnership with DowDuPont for maize hybrid development

NIGERIA - Flour Mills of Nigeria PLC, one of Nigeria’s leading food and agro-allied companies and Corteva Agriscience, Agriculture Division of DowDuPont have entered into partnership for maize hybrid seed development in Nigeria. According to the company, this move reiterates the commitment of Flour Mills of Nigeria Plc (FMN) to be a catalyst in the…

Dairibord’s revenue up 17% on overall volumes growth

ZIMBABWE - Dairibord Holdings, Zimbabwe’s leading processor of food and dairy has reported 17% growth in revenue in the first quarter ended April as compared to the same period last year. The company indicated that overall volumes grew 8% above same period last year while demand was firm across all categories, reported the Herald. During…

Famous Brands expects to report US$9.21m loss from Gourmet Burger deal

SOUTH AFRICA - The South African fast-food franchises, Famous Brands said it expected to report a US$9.21m operating loss from the UK acquisition of Gourmet Burger Kitchen (GBK) in the financial year ending February results. Business Day reported its share price fell 5.4% to US$8.03 on Thursday morning after it warned shareholders it expected to…

Kenyan mango juice processor receives US$1.09m in funding from EU

KENYA - The European Union has extended US$1.09 million funding to Makueni County for a mango juice processor, Kalamba Fruit Processing plant, following an agreement between the Kenyan government and the EU. According to Business Daily, this agreement involves funding economic projects across 15 counties under the Instrument for Devolution Advice and Support (IDEAS) programme.…

CDC and Standard Chartered Bank announce investments in Zimbabwe’s agric business

ZIMBABWE - CDC Group plc (CDC), the UK’s development finance institution, and Standard Chartered Bank have announced an investment facility that will lend up to US$100 million to growing businesses in Zimbabwe. According to CDC, this risk-sharing agreement provides much needed foreign currency capital for local businesses, allowing them to grow, create jobs and improve…

Morocco to receive US$236m from AfDB to reinforce agricultural value chains

MOROCCO - The Board of Directors of the African Development Bank, Côte d’Ivoire’s multilateral development finance institution has approved US$236 million loan for Agricultural development in Morocco. The funding will finance the Program for Supporting the Inclusive and Sustainable Development of Agricultural Value Chains (PADIDFA) while reinforcing sustainable job creation. The program aims to support…

Cadbury Nigeria unveils stakeholders training to promote healthy living

NIGERIA - Cadbury Nigeria has unveiled training of its stakeholders to build on its recently launched healthy lifestyle programme to promote healthy living among children and adults, reported the Guardian. The project aims to inculcate healthy habits in children and in the long run improve the wellbeing of Nigerians. In partnership with Helen Keller International…

Coca-Cola inaugurates new hot-fill juice line at the Nairobi plant

KENYA - Nairobi Bottlers, the Kenyan soft drinks bottling company under the newly formed Coca-Cola Beverages Africa (CCBA) has launched a new processing line at its recently opened juice plant. The line which has a production capacity of 28,000 bottles per hour will be used to process fresh juices, iced teas and sports drinks and…

Kenyan mobile platform that boosts agric sector to showcase at Expo 2020 Dubai

KENYA - Kenyan startup and mobile-driven platform for sourcing fresh agric produce is set to showcase its solutions at the Expo 2020 Dubai, run by organizers of World Expo, an event that introduces the world to innovations including agricultural exhibitions. Selina Wamucii, a GLOBALG.A.P. certified farm sources smallholder fresh produce such as fruits, vegetables, herbs…

Registration starts for AFMASS Southern Africa 2018 edition in Zambia

ZAMBIA– The organisers of the Africa Food Manufacturing (AFMASS) Conference & Expo Southern Africa edition have announced that bookings for the southern Africa edition of the event set for in Lusaka, Zambia in October this year, is underway. The event, which will the first food industry conference and expo focused on the food, beverage and…