Year: 2017

Soaring maize price in Nigeria defies two-year trend

NIGERIA – The price of maize, a staple food in Nigeria, has soared in the country, amid increase in the global prices of the commodity and other grains, an outlook review by Novus Agro Nig. Limited, an agro commodity price tracker, has revealed.

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Govt bans import of poultry from SA, Zim over bird flu

RWANDA – The Ministry of Agriculture has temporally banned importation of poultry products, including chicken, eggs and chicken meat, from South Africa and Zimbabwe, following an outbreak of avian influenza, commonly known as Bird-Flu in the Southern African countries.

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New juice factory set for western Ethiopian town

ETHIOPIA – The Oromia Regional State has started an effort to open Bekelcha Tomato & Mango Processing Factory S.C., a new agro-processing company that produces tomato and mango juice, in Neqemte, 318km away from Addis Abeba, with an investment capital of 136 million Br.

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EABL returns with new brewery to Kisumu, Kenya

KENYA – East Africa’s largest brewing concern East African Breweries Limited (EABL) has announced plans to open a new KSh15 billion (US$150 million) brewery in Kisumu, Kenya, returning to the city where it closed operations in 2002.

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Govt. rejects bill to reform coffee marketing

ETHIOPIA – The Office of the Attorney General has rejected the bill of the Ethiopian Coffee & Tea Development & Marketing Authority establishment, which mainly paralyses the Ethiopia Commodity Exchange (ECX) and entirely reforms the value chain of coffee.

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Abraaj plans Libstar IPO – source

SOUTH AFRICA – Abraaj Group is planning an initial public offering of South African food and personal care maker Libstar, which may value the firm at as much as $1bn, according to people familiar with the matter.

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Cassava starch firm saves economy US$4m annually

NIGERIA – Psaltry International Company Limited, one of the investors in the Nigerian cassava industry, has said that the country has started benefiting from its investment as the import substitution policy of the Federal Government in cassava starch has earned it $4 million (about N1.22 billion) in the financial year ended 2016.

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