AfDB approves US$113.42m to facilitate agriculture commercialisation in Africa

AFRICA – The African Development Bank (AfDB) has approved a US$113.42 million partial credit guarantee for the development of commercial agriculture projects across the continent. In a statement, AfDB said the funding will be disbursed […]

FrieslandCampina WAMCO reiterates commitment transforming Nigeria’s dairy sector

NIGERIA – FrieslandCampina WAMCO, Nigeria’s leading dairy producer, has reiterated its commitment in transforming the dairy industry to enhance growth in the sector. Mr Ben Langat, Managing Director, FrieslandCampina WAMCO, in a statement issued by […]

Dairibord’s growth momentum gains traction as exports spur revenues

ZIMBABWE – Dairibord Zimbabwe Ltd (DZL), Zimbabwe’s largest milk processor, reported 125% growth in revenues during the five months to end May 2019 supported by increase in export earnings, which grew more than four fold. […]

Clover Industries to rise above tough trading condition in year to June

SOUTH AFRICA – Clover Industries Limited, South Africa’s leading dairy-based foods and beverages manufacturer, says it will return to profits in the year ending June 2019 after posting after tax loss in the previous year. […]

FrieslandCampina WAMCO inaugurates dairy training academy in Nigeria

NIGERIA – FrieslandCampina WAMCO Nigeria Plc, a leading dairy producer, has opened a dairy training academy in Lagos, Nigeria as part of the company’s efforts to promote its business and employees’ growth. Speaking during the […]

Kenyan government halts New KCC privatisation plans to focus on capacity building

KENYA – The Kenyan government has suspended its plans to privatise the state-owned dairy producer, New Kenya Co-operative Creameries (New KCC), saying that it will now focus on capacity building of the dairy firm. According […]

Danone reports 0.8% rise in first-quarter sales, maintains full-year outlook

FRANCE – Global dairy giant, Danone has reported 0.8% increase in first-quarter sales to US$6.89 billion (€6.13 billion), confirming 2019 full-year profit guidance. The company expects like-for-like sales growth of around 3% and recurring operating […]

Dairy alternatives market expanding at 8.3% CAGR as consumers turn to vegan diets

WORLD – As demand for plant-based food products surges, a report by Future Market Insights (FMI) suggests that the revenue of the dairy alternatives market will reach US$34.6 billion by 2029.   This category is […]

Zimbabwe’s Dairibord in talks to sell its Malawi diary business

ZIMBABWE – Dairibord Holdings Limited Zimbabwe (DHL), a leading food and dairy processor, said that it is in talks with potential investors for the sale of its equity in Dairibord Malawi (Private) Limited (DML). Dairibord, […]