Finnfund boosts Zambia’s Yalelo Aquaculture with the first direct investment

ZAMBIA – Finnfund, Finnish development financier will support the expansion of Yalelo Limited, an integrated tilapia aquaculture company in Zambia with a US$6 million equity investment. Yalelo produces 12,000 tons of tilapia annually. With the […]

Zambian Breweries’ cassava project goes to the root of economic diversification

ZAMBIA – Zambian Breweries Plc, a subsidiary of AB InBev is championing commercialization of cassava through its flagship cassava project. Through the project the brewer is adding value for small-scale farmers, ensuring economic diversification, job […]

National Milling Corporation opens US$37.5m milling plant in Zambia

ZAMBIA – The National Milling Corporation, an affiliate of American agribusiness and transport conglomerate, Seaboard Corporation has commissioned a new US$37.5million milling plant Lusaka, Zambia. Installed by the Swiss milling equipment supplier, Buhler, the ultra-modern […]

Simbisa Brands full year profits increases 134% amid economic hardships

ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s profit for the year ended June 30, 2019 jumped by 134% to US$32 million despite a decline in total customer count. Zimbabwe, which is […]

Zambeef harvests 6,000 metric tonnes of winter maize in Zambia

ZAMBIA – Zambeef, Zambia’s leading agribusiness company realized 6,000 metric tonnes of Winter maize, harvested in Sinazongwe district South of Zambia, aimed at easing the shortage of maize and maize mealie in the country caused […]

AFMASS Southern Africa edition

AFMASS Southern Africa is the food & beverage and milling industry’s premium conference and exhibition attended by key decision makers from Southern Africa Africa to trade, network and learn the latest processing, packaging and safety […]