ZAMBIA – Zambia Sugar plc has reduced the volumes of sugar exported into the European Union (EU) in preference to the local and regional markets that are offering better prices.
TANZANIA – An excise duty rise on beer and spirits can lead to an increase in the consumption of illicit brews and subsequent reduction in company earnings and government revenues, brewing industry players warn.
ZIMBABWE – The grain milling industry has requested Government to suspend indefinitely, the mandatory food fortification programme scheduled to commence next month saying it would cost about $20 million to import the equipment and machinery for the process.
ETHIOPIA – The Ethiopian Meat and Dairy Industry Development Institute (EM- DIDI) said it has been working to secure over 12 million USD from meat exports to United Arab Emirates (UAE) and Saudi Arabia during this Islamic fasting month of Ramadan.
ZAMBIA – Fairy Bottling Zambia Limited (FB) has invested US$70 million in the buying of equipment and manufacturing of mineral water and drinks from 2009 to date.
KENYA – Milk farmers in the North Rift could see their earnings increase significantly following the commissioning of a Sh400 million processing line at the New Kenya Co-operative Creameries plant in Eldoret.
SOUTH AFRICA – Tiger Brands is refining its rest of Africa strategy, saying it will adopt a more focused approach when entering new territories.
SOUTH AFRICA – Tongaat Hulett on Monday reported a 44.6% rise in headline earnings to R982m, which was in line with its recent guidance.
SOUTH AFRICA – The expected maize harvest has been estimated at 15.631-million tonnes in 2017 — the largest maize crop to date in the country.
SOUTH AFRICA – As the country recovers from the worst drought in history, the local poultry sector seems to be recuperating and forecasts show the likelihood of significantly better summer crops, causing food prices to drop.