Consultants suggest complete reconfiguration of Ethiopian sugar industry

ETHIOPIA – Consultants hired to shape the future sugar sector in Ethiopia have urged the government to remove the existing 33 percent excise tax levied on local producers, reports The Reporter. In a public consultation with industry players, the Ministry of Finance held with the UK based LMC and locally hired consultants, one of the major suggestions made by the consultants is the removal of an excise tax levied on sugar manufacturers. The excise duty is said to have undermined the competitiveness of the industry as it prepares to privatize…

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Coca-Cola, Dangote eyeing stake in Ethiopian Sugar industry

ETHIOPIA – In the wake of privatizing Ethiopia’s state-owned sugar plants and properties, heavyweight industry players are joining the race with Coca-Cola Company under its subsidiary in Ethiopia and Nigeria-based Dangote Group expressing their interest. Early this year the Ethiopian government embarked on the process of privatizing 13 sugar factories that are operational or under construction as it seeks to enhance efficiency and improve productivity. According to a local media house, Coca-Cola has submitted an expression of interest to the Ministry of Finance, awaiting the opening of the bid process.…

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Somalia’s aquaculture sector receives major boost from the FAO

SOMALIA – The United Nations Food and Agricultural Organization (FAO) has handed over 12 fishing vessels with inboard diesel engines to Puntland State authorities in Somalia. “The vessels are another contribution from the Coastal Communities Against Piracy (CCAP) Project, generously funded by the European Union, which works to develop a vibrant fisheries sector that harnesses the great potential offered by Somalia’s coastline by providing decent employment opportunities young people along the fisheries value chain,” said John Purvis, FAO’s CCAP Project Manager in Somalia. The boats will be distributed among various…

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Tanzania Agricultural Development Bank supports agricultural initiative with US$4.9m investment

TANZANIA – State-owned Tanzania Agricultural Development Bank (TADB) has reaffirmed its commitment to increase funding for irrigation schemes by dishing out loans amounting to 11.48bn/- (US$4.9m) for various projects countrywide. The regions that have so far benefitted from the irrigation scheme loans are Iringa, Dodoma, Kagera, Njombe, Tanga and Coast Region. According to TADB Director, Mr Japhet Justine, investing in irrigation is the sure way of boosting economic growth which will lead to increasing agricultural exports as rain harvest normally faces myriads of challenges mainly due to the changing weather…

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Japanese retailer Aeon partners with Ocado to expand its online grocery business

JAPAN – Japan’s leading supermarket operator, Aeon has entered into an exclusive partnership agreement with Ocado Solutions, a division of London-based online grocer Ocado Group to expand its e-commerce. Aeon will leverage on Ocado’s nearly 20 years of expertise in operating online groceries delivery business to launch and operate “the next generation online supermarket.” Ocado is one of the fastest growing supermarket in the UK and has established a proprietary and sophisticated home delivery system leveraging artificial intelligence (AI )and robotics driven by a state-of-the-art customer fulfillment center (“CFC”). The…

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Takasago expands in Asia with US$25m Indonesian flavours facility

INDONESIA – Takasago, the Japanese flavours and fragrances company, has opened its first factory in Indonesia, Southeast Asia, to support the company’s expansion in the region. The US$25 million facility has an annual capacity of 14,500 metric tons and is considered to be one of the most modern flavors and fragrances plants in Indonesia. The 16,000sqm factory will serve the South East Asia market, boosting Takasago’s competitive edge in the market by tapping into Indonesia’s stable economy skilled workforce and good infrastructure, Takasago said. “Flavors and fragrances markets in Indonesia…

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Nestlé Health Sciences forms strategic partnership with Caelus Health

NETHERLANDS – Nestlé Health Sciences (NHSc) has entered into a strategic collaboration with Amsterdam based biotech company, Caelus Health for the development of food supplements. The aim the collaboration is to further develop and commercialize food supplements based on specific microbiota for the purpose of early intervention and nutritional management of diabetes and certain liver disorders. The global development and option agreement signed between the two companies will provide Caelus Health with funding to further pursue the preclinical and clinical development of its lead microbiome-based products. The companies highlighted that…

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Ecommerce giant exists Tanzania after axing operations in Cameroon

TANZANIA – Jumia, leading e-commerce player in Africa ceased operations in Tanzania on Thursday, November 27th as it continues to review its portfolio. Jumia said it would continue to serve vendors and customers via its classifieds business. The online retailer, which has seen its share price plummet since a Wall Street debut in April, also suspended its e-commerce business in Cameroon on Nov. 18 firing all its staff amid mounting losses. The closure in Cameroon, which started in 2014 comes a few months after an alleged fraud which cost the…

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Mumias Sugar’s receiver manager appoints new boss as part of the millers revival plan

KENYA – Mr PVR Rao, Mumias Sugar Company’s receiver manager appointed by KCB has picked Francis Wabuke as acting general manager of the sugar company, part of his plan to revive the miller. Mr Wabuke is a former employee of the Booker Tate Company, a leading international agricultural production and processing consultancy firm. Before joining Booker Tate, he worked Mumias and later took up a management position at the Nzoia Sugar Company. The appointment comes after Mr Rao recently met officials of the Kenya Union of Sugar Plantation and Allied…

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Nestlé Japan debuts KitKat Chocolatory made entirely from the cocoa fruit

JAPAN – Nestlé Japan has launched the KitKat Chocolatory Cacao Fruit Chocolate , the first product to use a unique chocolate made entirely from the cocoa fruit. According to the confectioner, the iconic crispy KitKat wafer is coated with a 70% dark chocolate that uses the beans and pulp from the cocoa fruit as the only ingredients. The new confectionery is available in two formats; a single bar KitKat Chocolatory Cacao Fruit Chocolate and KitKat Chocolatory Cacao Fruit Chocalate Assort which comes in 5 and 7 bars. Nestle said that…

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