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.
SOUTH AFRICA – South Africa will have to put in place a solid export programme for its expected record harvest for any hope of restoring the maize price, because at the present price levels it is not profitable for farmers to grow maize, according to Neel Rust, chief operating officer of Laeveld Agrochem.
ZAMBIA – The Policy Monitoring and Research Centre (PMRC) anticipates the market price for maize in the Southern Africa region in the 2016/17 marketing season to reduce further from the current US$290 per tonne due to the expected increase in production in the region.
GHANA – FanMilk Ghana on Monday, launched FanMaxx, which is a new pasteurized skimmed creamy drinkable yoghurt.
KENYA – Consumer goods manufacturer Bidco Africa has unveiled a growth plan to increase its local annual turnover from $400 million to $1 billion (Sh103 billion) by 2021.
NIGERIA – Thousands of farmers in northern Nigeria contracted to grow tomatoes for a set price are shunning the crop this season after pests destroyed much of last year’s produce, leaving the processing factory set up by Aliko Dangote, Africa’s richest man, short of raw materials.
ETHIOPIA – A week after the government has revealed that there is a drought surge once again in Ethiopia, the Central Statistical Agency (CSA) has reported that food inflation has hit a double digit to 12.6pc in May, its highest rate since January 2016.
SOUTH AFRICA – Taste Holdings could spend as much as R328 million on building up to 41 more Starbucks shops in Johannesburg, Pretoria, Durban and Cape Town by February 2020, Taste CEO Carlo Gonzaga said this week.
TANZANIA – Soft-drink producers have called on the government to reduce multiple regulatory fees in its 2017/18 budget.
NIGERIA – Arla Dano recently celebrated this year’s World Milk Day with school children in Lagos, in collaboration with the Nutrition Society of Nigeria (NSN) to raise awareness for milk intake.
WORLD – The Rainforest Alliance and UTZ, two of the world’s leading sustainability certification organisations, have announced their intention to merge later this year.
SOUTH AFRICA – Famous Brands, Africa’s largest branded food service franchiser, had entered Ghana but exited the Democratic Republic of Congo, Ivory Coast and Tanzania, CEO Darren Hele said this week.
SOUTH AFRICA – Booming demand for macadamias is transforming farmland in eastern South Africa, as landowners switch focus from bananas and sugarcane to the creamy nuts used in sweet treats from ice cream to cookies.
NIGERIA – Dangote Group is making a five-year investment of at least $1bn to grow and process rice in seven Nigerian states, bringing sub-Saharan Africa’s biggest importer of the grain closer to its goal of self-sufficiency.
ZIMBABWE – Tongaat Hulett‘s Zimbabwe based sugar producer Hippo Valley has shown growth in both revenue and profits for the year ended 31 March 2017.