Zambian agribusiness firm to invest US$200m in a palm oil project

ZAMBIA – Consolidated Farming Limited, subsidiary of Sable group, will be investing US$200 million in setting up a large -scale palm oil processing industry in Luapula Province, Zambia. The investment will also cover a 10 […]

Nigeria to increase palm oil production 700% to 5m tonnes by 2027

NIGERIA – Nigeria has made bold steps towards becoming self-sufficient in edible oil production as it aims to increase palm production by 700 percent to 5 million tonnes by 2027. As part of the efforts, […]

Kenyan edible oil manufacturer Pwani Oil partners local varsity in research, training

KENYA – Pwani Oil, a Kenya based edible oils manufacturer has partnered with Technical Universities of Mombasa (TUM) to undertake joint research, training and mentorship programmes. Pwani Oil and TUM have signed a Memorandum of […]

Nigeria’s Tamaidukka Group to invest US$25m in agro allied industrial park

NIGERIA – Tamaidukka Group, a Nigerian diversified investment company with intrests in agro-industry and real estate development will be investing US$25 million in developing an agro-based industrial park in Kaduna State. The company said that […]

Bidco Africa commissions US$200m industrial complex in Kenya

KENYA – Bidco Africa Group, one of the leading consumer good company in East Africa, has opened a US$200M (Sh20 billion) ultra-modern industrial park in Ruiru, Central Kenya. Speaking during the launch, Bidco Africa Chairman […]

Nigeria’s edible oil producer Presco reports 25% decline in profits

NIGERIA – Presco Plc, an edible oil processing firm in Nigeria, reported 25% decline in profits for the year ended December 31, 2018 to US$12.03 million (N4.284bn), down from US$16.08 million (N5.726bn) the previous year. […]

Cargill unveils e-commerce platform to enhance edible oil buying experiences

USA – The global agribusiness giant, Cargill has launched a new digital platform called myCargill.com to streamline and enhance customer buying experiences in edible oils. The e-commerce platform will also provide access to key information […]

Cargill and Krones join forces to unveil new edible oils line in North America

USA – Grain and consumer foods supplier, Cargill and Krones, global equipment and packaging provider have joined forces to launch a new edible oil line in Sidney, Ohio, United States. The new line said to […]

Ethiopian farmers invest US$2.46m in new edible oil processing plant

ETHIOPIA – The Tsehay Farmers’ Cooperative Union, an Ethiopian farmers’ based union, has invested US$2.46 million (70 million birr) in setting up a new edible oil processing plant in Amhara Regional State. The processing plant […]

Bidco Africa and Safaricom form partnership to boost edible oil production

KENYA – Consumer goods manufacturer, Bidco Africa and Kenyan communications company Safaricom have formed a partnership that aims to boost oil crop farming and reduce reliance on imports of the commodity. According to Business Daily, […]