Ethiopian industrial conglomerate invests US$1.64m in new flour milling plant

ETHIOPIA – The A.S.S.E.S. Industry Plc, an Ethiopian conglomerate, has invested US$1.64 million in establishing a modern wheat flour processing plant in Amhara Regional state, Ethiopia. Established on a 1,254 Square metre land, the new plant has a processing capacity of producing 82000 kilogrammes of wheat flour per day. According to Sema Melaku, assistant factory…

Finish packaging group Huhtamaki inaugurates US$26.03m packaging plant in Egypt

EGYPT – Huhtamaki, a global food packaging firm based in Finland, has inaugurated a new state-of-the-art flexible packaging facility in Egypt at an investment worth US$26.03 million. The food and drinks packaging major said that investment is expected to serve the Egyptian market as well as export market into other African countries as well as…

Stallion Group commissions modern rice milling plant to boost production in Nigeria

NIGERIA - Stallion Group, a Dubai-based conglomerate through its Nigerian Subsidiary, Popular Farms and Mills Limited, has inaugurated a new rice milling in Kano State, Nigeria, as it seeks to boost rice production in the country. Alhaji Suleiman Umar, the company’s National Programme Manager, said that the firm has invested about US$22.19million (N8bn) both in…

Nigeria’s Grand Cereals inaugurates US$3.3m fish feed processing plant

NIGERIA - Grand Cereals Limited, subsidiary of United Africa Company (UAC) of Nigeria Plc, has commissioned a US$3.3 million (N1.2bn) fish feed processing plant as it seeks to boost the aquaculture sector in the country. Speaking during the inauguration ceremony, Mr Sanjeen Jain, the Acting Deputy Managing Director Grand Cereals Ltd., explained that the plant…

Unilever Tea commissions US$21.5m tea processing plant in Tanzania

TANZANIA - Unilever Tea Tanzania Limited (UTT), has commissioned a US$21.5 million (Tzs 49.6 billion) state-of-the-art tea processing plant as it counties to make inroads in the sector. The modern facility has a capacity of processing 50 tonnes of green tea per day. Speaking during the launch,President John Magufuli hailed the investment by the firm…

UK investor to establish US$2.97m tea processing factory in Kenya

KENYA – Tea farmers in the western region of Kenya are set to benefit from a US$2.97million (Shs 300 million) state-of-the-art tea processing factory from a United Kingdom-based investor in a move to rejuvenate the tea sector in the region. The tea factory will be the second in the western region in addition to Mudete…

Nigerian government to set up cashew processing plants in four States

NIGERIA - The federal government of Nigeria has unveiled plans of setting up cashew processing plants in four states in the country in a bid to add value to the commodity and increase revenues. According to a News Agency of Nigeria report, Audu Ogbeh, the Minister of Agriculture and Rural Development, said the processing plants…

Barry Callebaut inaugurates new unit in Côte d’Ivoire to grow cocoa processing capabilities

CÔTE D’IVOIRE - Barry Callebaut, a leading manufacturer of high-quality cocoa and chocolate products, has inaugurated a new state-of-the-art processing unit in its plant at Abidjan, Côte d’Ivoire. Callebaut said that the new grinding unit at its Zone 4C Société Africaine de Cacao (SACO) plant is part of an overall strategic investment to expand cocoa…

Toyo Ink Group to open office in Morocco in Africa’s expansion plan

MOROCCO - Toyo Ink SC Holdings Co. Ltd., the parent company of the Toyo Ink Group of Japan has unveiled plans of setting up its first office in Africa in Casablanca, Morocco as it sets to grow its footprint in the continent. Eyeing the future economic progress of Africa, the company will set up its…

Retail giant Pick n Pay opens 55th store in Zimbabwe in expansion drive

ZIMBABWE – International retail giant Pick n Pay has opened a new branch in Zimbabwe as it continues to pursue ambitions of growing its footprint in the country by launching more stores. Located in Victoria Falls, officials disclosed that the branch raises the tally of outlets operated by TM Pick n Pay to 55 countrywide,…