New report proposes privatisation of Kenya’s NCPB to improve efficiencies

KENYA – A report by the taskforce appointed last year to explore ways of averting maize shortage in Kenya has recommended privatisation of the National Cereals and Produce Board (NCPB) to improve efficiency of the […]

Morocco’s cereal production declines 40.5% to 6.1m tonnes

MOROCCO – Morocco’s cereal production declined by 40.5% during the 2018-2019 crop year to at 6.1 million tonnes, according to a report published by the Moroccan Ministry of Finance. The report cites poor the rainfall […]

Ghana’s Gallina Blanca Foods launches new Gino variants to expand offering

GHANA – Gallina Blanca Foods, a food processing company in Ghana, has launched a  new seasoning ‘Gino Max’ as it seeks to grow to the Gino range of products. The company unveiled the new seasoning […]

Ethiopian retailer Queens Supermarket opens new US$2.06m branch

ETHIOPIA – Queens Supermarket, the retail business under the MIDROC Technology Group, has opened a new branch in Keranio, western Ethiopia, after investing US$2.06 million (59.3 million Br). The branch, which brings the total number […]

Ghana teams up with Israel on scientific research of cocoa swollen shoot disease

GHANA – Ghana Cocoa Board (COCOBOD) and the Volcani Centre of Israel have signed a Memorandum of Understanding (MoU) for a scientific research collaboration that seeks to eliminate the Cocoa Swollen Shoot Virus Disease (CSSVD). […]

Pick n Pay to engage competition regulator over report on market dominance

SOUTH AFRICA – South African retail chain, Pick n Pay, has said that it will continue to engage South African competition regulators to address its concerns about the retailer’s market dominance in shopping malls. This […]

Nestle Nigeria reports 22% growth in half-year profit to US$72.39m

NIGERIA – Nestle Nigeria Plc reported 22% growth in net profit for the first half of the year ending on 30 June, 2019 to US$72.39 million (N26.2bn) supported by 21% decrease in finance cost. Revenues […]

Coca-Cola Nigeria appoints Yebeltal Getachew as new managing director

NIGERIA – Coca-Cola Nigeria Limited (CCNL) has appointed Yebeltal Getachew as the new Managing Director of the company. Getachew, whose appointment was effective June 2019, takes over from Bhupendra Suri and will be responsible for […]

Ghanaian cocoa regulator to raise US$1.3bn to finance its 2019/20 operations

GHANA – Ghana Cocoa Board (COCOBOD) has unveiled that it will be raising US$1.3 billion (GHȼ 6.96 billion) in syndicated loans for its operations in the 2019/2020 season. The Minister of Finance, Mr Ken Ofori-Atta, […]

Nigeria’s Farmcrowdy merges subsidiaries to improve performance

NIGERIA – Farmcrowdy, a Nigerian agritech platform has merged its subsidiaries, Farmgate Africa and Agricsquare, create a revamped Farmcrowdy brand as it seeks to improve its performance. The company said that the move was to […]