ZAMBIA – Chingola has a new maize milling plant that has a production capacity of 120 tonnes per day.
ZIMBABWE – Zimbabwe is importing cooking oil worth $220 million annually as the local manufacturers continue to use archaic and obsolete plant equipment making them uncompetitive in meeting local demand.
NIGERIA – Increasing domestic and worldwide consumption of chocolate bars and other cocoa products would be among the drivers of cocoa sales domestically, and would also contribute some quota to international demand of the product.
NIGERIA – Flour Mills Nigeria (FMN), the country’s largest miller by market value, had its 2013 profit eroded by high interest costs as a result of capital expenditure incurred in its aggressive expansion across a wider spectrum.
UGANDA – Kakira Sugar Works Ltd., Uganda’s biggest processor of the sweetener, plans to build an ethanol plant by the end of 2016 after it spent $75 million (Shs197 billion) expanding cane-crushing and power operations over the past two years.
KENYA – Retail giant Nakumatt Supermarkets lost at least Sh4.3 billion in sales and saw revenue fall by nearly a tenth last year as its branches in Kenya felt the full effect of the Westgate Mall terrorist attack.
NIGERIA – Dangote Sugar Refinery (DSR) Plc on Monday reported a profit before tax of N10.3 billion for the half year ended June 30, 2014, showing a decline of 5.5 per cent compared to N10.9 billion recorded in the corresponding period of 2013.
ETHIOPIA – The Competition & Consumers Protection Authority is threatening a product boycott if the beverages industry does not return to old prices.
NIGERIA – Heavy rainfall and poor sunshine across Nigeria’s eastern cocoa-growing region of Cross Rivers over the past week will delay harvesting the new season’s crop by at least a month, the trade body and a farmer said on Monday.
TANZANIA – Tanzania’s Capital Markets and Securities Authority (CMSA) has approved Uchumi Supermarkets to cross-list shares on the Dar es Salaam Stock Exchange.