Olam International successfully completes US$1.5bn debt refinancing

SINGAPORE – Global food and agri-business Olam International Limited and its wholly owned subsidiary, Olam Treasury Pte. Ltd, have secured a multi-tranche revolving credit facility aggregating US$1.525 billion. The Facility consists of three tranches; a […]

Paine Schwartz Partners closes US$1.4bn food and agribusiness focused fund

USA – Paine Schwartz Partners, a private equity firm focused on sustainable food chain investments, has closed its food and agribusiness-focused Fund V at US$1.425 billion, exceeding its original target. The Paine Schwartz Food Chain […]

AGCO partners with the Benin government in establishing a new Agri-Park project

BENIN – AGCO a worldwide manufacturer and distributor of agricultural equipment and solutions has signed a Memorandum of Understanding (MOU) with the investment arm of Benin, the Agency for Promotion of Investments and Exports (APIEX), […]

Saudi Arabia outlines next phase of flour mills privatization

SAUDI ARABIA – Saudi Grains Organization (SAGO), the state grain buyer has stated that it will begin the next phase of the sale of its flour mills within days in a privatization move. According to […]

FAO, Nigeria launch report on sustainable livestock development to stimulate growth

NIGERIA – The Food and Agriculture Organisation of the United Nations (FAO) in partnership with the Nigerian government has launched the report on African Sustainable Livestock (ASL) 2050. Speaking during the launch in Abuja, the […]

Tanzanian government unveils plans of re-branding livestock company

TANZANIA – The government of Tanzania has unveiled plans of rebranding the National Ranching Company Limited (NARCO), the producers of Kongwa Beef, in a bid to strengthen its operations. The decision targets to transform NARCO […]

Kenya schedules launch of agriculture commodities exchange for early 2020

KENYA – Kenya is set to launch its agriculture commodity exchange platform in the first quarter of 2020 as the east African country gears up to drive growth in the agro-processing industry. Industry and Trade […]

Ethiopia’s Lame Dairy unveils facility expansion plan to boost local supply

ETHIOPIA – Lame Dairy, subsidiary of Midroc Ethiopia Technology Group, plans to more than double its production capacity from 70,000lt of milk a day to 160,000lt and expand its facility. The processor of Shola Milk […]

FAO releases US$15m to boost food security in Angola

ANGOLA – The United Nations Food and Agriculture Organization (FAO) has released US$15 million to support the implementation of projects aimed at improving food security in the country. Gherda Barreto Cajina, FAO representative in Angola, […]