Israeli firm signs Galana project deal
KENYA – An Israeli firm, Green Arava, Wednesday signed a deal to start a pilot project in the one-million-acre Galana-Kulalu irrigation scheme.
Year: 2014
Stock feeds to contribute 30pc turnover: GMB
ZIMBABWE – The Grain Marketing Board expects the stock feeds product range to contribute more than 30 percent to the board’s turnover.
Nakumatt targets NSE, Dar and Kampala listings
KENYA – Nakumatt Supermarkets has announced plans to list on the Nairobi Securities Exchange and neighbouring stock markets within the next three years, offering investors a chance to own a piece of the region’s biggest retailer valued at Sh35 billion ($400 million).
Middle class in Nigeria, others to balloon, says Standard Bank
AFRICA – Middle class households in eleven leading sub-Saharan African economies, excluding South Africa, are set to balloon to about 40 million by 2030, as the benefits of economic growth are more inclusively distributed, according to Standard Bank Group Limited.
Shoprite shares tumble as profit growth lags consensus
SOUTH AFRICA – Feeble earnings growth hit by expansion costs at South African retail bellwether Shoprite on Tuesday saw the group’s shares sliding as much as 8.8% to an intraday low of R140.57, before closing 5.6% lower at R145.50.
New enterprise to manage ECX’s warehouses
ETHIOPIA – The Ministry of Trade (MoT) is establishing a new enterprise in order to manage the Ethiopian Commodity Exchange’s (ECX) warehouses.
Coffee revenue increases as exports grow
UGANDA – Coffee exports to different destinations registered a 15.8 per cent and 13.3 per cent increase in both volume and value, respectively for the month ending July.
FG mobilises N2bn intervention fund to boost sugar production
NIGERIA – The Federal Ministry of Industry, Trade and Investment has mobilised a N2 billion agricultural and infrastructure fund for investors in order to boost sugar production in the country.
Weetabix to double Nairobi capacity
KENYA – Weetabix East Africa Ltd is set to invest over Sh200 million in the expansion of its Nairobi factory, the UK-owned cereal maker has said.
Commodity warehousing set to hit N500bn yearly with legal backing
NIGERIA – The budding agricultural commodity warehousing industry in Nigeria, which stakeholders estimate would be worth over N500 billion annually, would need legislative backing to achieve its full potential.
RBS becomes standards board
RWANDA – The Rwanda Bureau of Standards (RBS) has been transformed into the Rwanda Standards Board to boost its capacity and efficiency.
Govt appeals to traders to buy, export surplus maize
TANZANIA – The government has appealed to individual traders and agencies to buy and export surplus maize following bumper harvests of the grain experienced in the Southern Highland regions this year.
Superfresh introduces new mealie meal packages
ZIMBABWE – A new grain milling company, Superfresh Foods, will from next week introduce 10kg super refined and roller meal to its King’s product range following an investment of $500 000, an official has said.
Govt to formulate tea policy
UGANDA – The state minister for trade, David Wakikona, has pledged to make drastic changes in the tea sector.
Trade row pits Kenya against Egypt
KENYA – Kenya and Egypt are headed for a trade dispute that could affect the former’s tea exports following allegations that Cairo is importing sugar from Brazil and exporting it to Kenya as its own after repackaging.
Review levies on low-end market, Keroche Industries tells MPs
KENYA – Keroche Industries has petitioned Parliament to review taxation on alcoholic products targeted for the low-end market.
TM spends $4,5m on shopping complex
ZIMBABWE – TM Supermarkets has spent close to $4,5 million towards refurbishment and stocking of its new state of the art supermarket at the Old Mutual’s Msasa premises.
International Breweries Q1 profit surges 32.46%
NIGERIA – International Brewery Nigeria (IBN) PLC, which has been consistently improving its operational performance since SABMiller acquired a majority stake in the company two years ago, saw its profit surged by 32.46 percent, for the three month period ended June 2014.
Sidel International eyes Kenya’s packaging industry
KENYA – Kenya’s beverage packaging industry has a new player: Sidel international, which is seeking local partnerships as it plans to launch its products in the country.
HOLFA to set up $100m full-scale dairy farm in Nigeria
NIGERIA – The Nigerian Holstein Farm Project (HOLFA) has announced plans to establish the first full-scale industrial dairy farm in Nigeria, with the signing of a memorandum of understanding (MoU) by NigerPars Nigeria Limited, the Iranian Research Organisation for Science and Technology (IROST) and the Holstein Association of Iran.
HOLFA to set up $100m full-scale dairy farm in Nigeria
NIGERIA – The Nigerian Holstein Farm Project (HOLFA) has announced plans to establish the first full-scale industrial dairy farm in Nigeria, with the signing of a memorandum of understanding (MoU) by NigerPars Nigeria Limited, the Iranian Research Organisation for Science and Technology (IROST) and the Holstein Association of Iran.
Kwale Sugar products to hit shelves from October
KENYA – Kenya’s newest and modern sugarcane milling plant, Kwale International Sugar Company ( Kiscol) based in Kwale County is due for commissioning on October 1.
Kwale Sugar products to hit shelves from October
KENYA – Kenya’s newest and modern sugarcane milling plant, Kwale International Sugar Company ( Kiscol) based in Kwale County is due for commissioning on October 1.
Zim firm to invest $500m in Zambia
ZAMBIA – A Zimbabwean company plans to invest about US$500 million in sugar cane cultivation and sugar refining in Luapula Province.