Universal Bank and Central Sugar signs US$10.8m deal for a new starch factory

GHANA – The Universal Merchant Bank (UMB) and Central Sugar Company Limited have signed a US$10.8 million agreement to establish a factory that would process cassava into starch for export. On completion, the factory aims […]

Centum’s subsidiary Greenblade Growers signs up 250 farmers in outgrower scheme

KENYA – Investment firm Centum’s wholly-owned agriculture subsidiary Greenblade Growers has signed up 250 farmers in Nyandarua, Kenya in an outgrower programme targeting six tonnes of herbs and vegetables in daily production. Business Daily has […]

Liberia initiates probe into the alleged availability of plastic rice on the market

LIBERIA – The Ministry of Commerce and Industry of Liberia has started investigations into the alleged availability of fake rice (rice made from plastic) on the Liberian market. According to the NEWS, the move followed […]

Coca-Cola takes on counterfeit as government confiscates products

SOUTH AFRICA – Coca-Cola Company has called on customers to be vigilant and report any counterfeit Coca-Cola products even as the government continues to rid the market of the expired and possibly products. Coca-Cola said […]

Tanzania reaches consensus to allow Uganda sugar imports amid duty

TANZANIA – Tanzania has reached an agreement to allow sugar imports from Uganda though this would only happen during periods of scarcity, a report from the Joint Permanent Commission meeting held in Kampala reveals. According […]

Campbell Soup announces plans to sell international fresh food businesses

USA – Campbell Soup Company, has announced significant actions to sell its international fresh food businesses to focus and improve the company’s portfolio, and that the proceeds will be used to significantly reduce debt. According […]

Arla’s Board of Directors proposes to pay out entire 2018 net profit to farmers with financial strains

UK – Arla Foods, an international dairy company, has made a proposal to pay out the entire 2018 net profit of Arla Group to farmers facing tough financial situations due to the summer’s drought. According […]

DuPont announces expansion plans for the R&D team with a new clean label hub facility

DENMARK – DuPont Nutrition & Health, a Danish bio-based company, has announced it is expanding its R&D team by creating a “clean label hub” at the Brabrand facility. According to the company, it intends to […]

Arla Foods reports 2.2% revenue growth to US$5.96b in the first half results 2018

UK – Arla Foods, an international cooperative, has announced that it has improved its profitability and reported a revenue growth of 2.2% to US$5.96 billion in its first half results in 2018. According to the […]

Government to spend US$1.2b to buy farmers products after retaliatory tariffs from China, USDA says

USA – The federal government will spend up to US$1.2 billion to buy products from farmers hurt by the retaliatory tariffs from China and other countries, and will provide almost US$5 billion in payments to […]