Olam’s Makouke palm plantation in Gabon achieves RSPO certification

GABON – Makouke Plantation, managed by Olam International’s subsidiary Olam Palm Gabon, has become certified by the Roundtable on Sustainable Palm Oil (RSPO), making the multinational food and agribusiness company be on track to achieve […]

Shoprite’s long-serving Chairman Christo Wiese to retire next year

SOUTH AFRICA – South Africa’s largest retailer, Shoprite has announced that its long-time serving chairperson, Christo Wiese will retire at next year’s AGM putting an end date on a tenure that has spanned almost three […]

Astral Foods’ earnings down 55% despite a 3.9% revenue increase

SOUTH AFRICA – South Africa’s integrated poultry producer Astral Foods, reported a 3.9% group revenue increase to R13.5bn (US$0.9bn) for the full year ended September 2019. Despite increase in revenue, the groups operating profit fell […]

Tanzania’s cashew nuts exports earning plunge 51% amid sector restructuring plans

TANZANIA – Tanzania’s cashew nut exports earnings in the year ending September 2019 declined by 51.4% to US$563.5 million from US$1.16 billion earned in the same period in 2018, a report by the Bank of […]

Malawi receives US$4.4m boost from Norway to strengthen agricultural research

MALAWI – The Norwegian Government acting through the Ministry of Foreign Affairs has injected an additional US$4.4 million (about K3.2 billion) towards the Malawi Second Agriculture Sector Wide Approach Support Project (ASWAp SP II). The […]

Mauritius-based Dale Capital completes ZAR X listing for agricultural operations

MAURITIUS – Dale Capital, a private equity investment holding company and Mauritius-listed private equity investment holding company, has completed an inward listing on the ZAR X, seeking to raise US$2m (R15m) to invest in high-technology […]

Nigerian Rice Mill injects US$13.4m to boost production capacity

NIGERIA – Tiamin Rice Mill Limited has invested a total of US$13.37M to boost its production capacity from the current 320 tonnes to 1,520 tonnes per day in line with the Federal Government’s rice sufficiency […]