South Africa set to resume maize exports
SOUTH AFRICA – South Africa is set to regain its status as a net exporter of maize, after the drought of the past two years forced the country to import the commodity.
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Day: July 8, 2017
FG introduces new guidelines for raw sugar allocation
NIGERIA – The federal government has in response to what it views as unsatisfactory general performance of operators in the sugar production sector in recent times, introduced new guidelines as well as putting in place benchmarks for raw sugar allocation.
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Popeyes Louisiana Kitchen to open in South Africa
SOUTH AFRICA – Popeyes Louisiana Kitchen, headquartered in New Orleans, US, will open in Sandton City next week, introducing another fried chicken brand to rival KFC.
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Honeywell flour recovers from loss, posts N5.5bn profit
NIGERIA – Honeywell Flour Mills Plc has recorded a profit before tax of N5.5 billion for the year ended March 31, 2017, compared with a loss of N2.8 billion in 2016.
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Ivory Coast said to sell 1 million tons of main cocoa crop
IVORY COAST – Ivory Coast, the world’s biggest cocoa producer, has sold 1 million metric tons of cocoa beans from its 2017 to 2018 main crop, according to a person familiar with the matter.
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SA set to have biggest soybean crop on record
SOUTH AFRICA – Despite revising South Africa’s soybean production forecast to 1.23 million tonnes in May, the Crop Estimate Committee has upped its forecast to 1.34 million tonnes – making this season’s crop the largest on record, the Agriculture Business Chamber (Agbiz) said in its latest newsletter.
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Coca-Cola Beverages Africa buys Equator Bottlers in Kenya
KENYA – South Africa-headquartered Coca-Cola Beverages Africa (CCBA) announced on Thursday that it has concluded negotiations to acquire Equator Bottlers, the third largest Coca-Cola bottler in Kenya, for an undisclosed amount of money.
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