Sugar processor Tongaat postpones release of audited full year financial results

SOUTH AFRICA – South African based sugar producer, Tongaat Hulett, has again postponed the release of its audited financial statement for the latest full year ended March 31 from the previously anticipated release date of […]

Japan to fund US$3.6m for creation of virtual farmers market in Mozambique

MOZAMBIQUE – The Japanese government will be funding Mozambique with upto US$3.6 million for the creation of a Virtual Farmers Market, a project implemented by the United Nations, World Food Programme. The initiative aims to […]

Mozambique embarks on study to explore the potential of genetically modified maize

MOZAMBIQUE – The Mozambique Institute of Agricultural Research (IIAM) has carried out a study on the genetically modified (GM) maize as it seeks to explore the potential of the biotechnology in enhancing food security. According […]

Tongaat Hulett mulls shutting down operations in Mozambique

MOZAMBIQUE – Tongaat Hulett, a South African based diversified agribusiness firm, has unveiled intentions of closing down its sugar company in Mafambisse, central Mozambique. According to the secretary of the Mafambisse trade union committee, Antonio […]

AGCO to invest in key agriculture project in Mozambique

MOZAMBIQUE – Agricultural firm AGCO has signed a memorandum of understanding with AT Capital S.A to collaborate in implementing the Parque Agro-industrial de Moamba (PAM) agri-industry park in Maputo, Mozambique. The announcement was made at […]

AB InBev to build new brewery in Mozambique, Nigerian brewery to open this month

MOZAMBIQUE- Anheuser-Busch InBev (AB InBev), the world’s largest brewing company has said it is investing in a new brewery in Maputo, Mozambique whose construction is set to start second-half of 2019. While the sum of […]

French equity fund acquires minority stake in Mozambican miller, Merec

MOZAMBIQUE – Amethis Fund II, Paris-based private equity fund has acquired a minority equity stake in Mozambique’s largest integrated wheat and maize miller, Merec Industries. In partnership with Proparco and Kibo Fund II, a funding […]