Afgri invests in Mozambican poultry business

SOUTH AFRICA - Agricultural investment company Afgri is re-entering the poultry business through its subsidiary Philafrica Foods in a 50-50 joint venture in northern Mozambique. The recently launched Philafrica has earmarked up to R1.5bn for investment in agriculture and food processing in several African countries over the next 18 to 24 months. Its joint-venture partner…

Afgri’s food unit takes aim at Africa’s food industry

SOUTH AFRICA - Philafrica Food, a recently launched subsidiary of agricultural investment holding company Afgri Group, says it plans to transform food processing in sub-Saharan Africa through investments of between R50m and R100m over the next 18 to 24 months. CEO Roland Decorvet said on Tuesday Philafrica aimed to become a big food operator in…