New KCC grows market from 23% to 35% as gap with Brookside narrows

KENYA - The Kenyan state-owned dairy processor, New Kenya Co - Operative Creameries Ltd (New KCC) has increased its share of raw milk intake from 23% to 35%, inching closer to Kenya’s largest dairy company, Brookside Dairy with 40% market share, according to latest statistics from the Kenya Dairy Board 2017 data. New KCC recorded…

Pioneer Foods posts 3% dip in turnover as maize recovers from drought

SOUTH AFRICA - Pioneer Foods, the maker of Sasko and Veet-Bix brands has reported a 3% marginal decrease in group turnover to US$784.22 million from US$807.78 million attributed to price deflation in soft commodities that weakened price realisations, principally in maize and to a lesser extent, wheat and rice. For the six months ended 31…

Tongaat Hulett’s sugar profits fall to US$65.55m in full-year results

SOUTH AFRICA - The sugar and agri-processing company Tongaat Hulett’s operating profit from various sugar operations fell from US$82.7 million to US$65.55 million in the full-year ended March 2018, reported the Herald. Profit calculations involved all of its operations including in neighbouring countries Zimbabwe, Mozambique and Swaziland. The sugar producer blamed the slump in performance…

Seed Co Zimbabwe invests in improving farmer soyabean yields

ZIMBABWE - Seed Co Zimbabwe has unveiled the Eleven Tonne Plus Club Promotion, a programme targeting commercial farmers for soybean, maize and other seeds in a bid to boost food security. The programme is set to benefit farmers with at least 10 hectares of the firm’s seed varieties grown during the 2017/18 season. Along with…

FrieslandCampina invests in Holland Dairy Ethiopia to boost its presence

ETHIOPIA - Royal FrieslandCampina, the Netherlands based multinational dairy cooperative has joined forces with Holland-based Veris Investments to invest in Holland Dairy Ethiopia in an undisclosed cash injection. Friesland Campina said they were investing in supply chain, production and market development as it seeks to expand its already existing presence in the Ethiopian dairy market,…

FrieslandCampina WAMCO’s sales grew 13.2% despite economic challenges

NIGERIA - FrieslandCampina WAMCO Nigeria Plc, maker and distributor of dairy products has said that sales for the full year 2017 grew 13.2% to US$387.8 million from US$342.78 million in the previous year. According to the company, the financial results for the period were marred with economic challenges including foreign exchange constraints, high inflation rate…

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.…