Nigeria’s annual palm oil imports down to US$500m, unveils self-sufficiency plans

NIGERIA – Nigeria’s palm oil imports have declined about 302,000 metric tonnes worth US$500 million as the country embarks on efforts to become self-sufficient in palm oil through increasing local production. This according to Mr […]

AAK invests US$32m in expansion of its production facility in China

CHINA – AAK, supplier of vegetable oils and fats for specialized products has said that it will invest US$32 million (SEK 300 million) at its production facility in Zhangjiagang, China. The company said the investment […]

Gulf Capital invests US$22m in Tunisia’s olive oil producer CHO Company

TUNISIA – Gulf capital, a Middle East – based asset management firm, has invested US$22 million in Tunisia’s largest organic and natural olive oil producer, CHO Company. Abdelaziz Makhloufi, founder and chairman of CHO Company, […]

Pure Oil invests US$9m to support soya farming in Zimbabwe

ZIMBABWE – Pure Oil Industries, the manufacturer of ZimGold cooking oil has invested US$9 million to support farmers growing soya beans, a critical raw material in the production of edible oils, reports the Herald. Zimbabwe […]

Tanzania spends US$83m annually on edible oil imports

TANZANIA – Tanzania is spending at least US$83.19 million annually on edible oil imports despite the country’s potential to grow and produce edible oil, statistics from agriculture ministry reveals, IPP media reports. The country has […]

United Refineries diversifies with new range of vegetable juice

ZIMBABWE – United Refineries Limited (URL), innovative producer of brands in personal care, hygiene and value added agro-products categories has diversified its operations into a new range of vegetable juice. The Bulawayo-based manufacturer is a […]