Embattled sugar processor Tongaat Hulett to resume trading on local bourse

SOUTH AFRICA – Tongaat Hulett’s shares could be back for investors to trade on the JSE next month, as the company is due to release its financial statements for the six-months ended September 30. The […]

Dangote Farms invests US$7.6m to boost tomato production in Nigeria

NIGERIA – In a bid to make Nigeria self-sufficient in tomato production, Dangote Tomatoes Processing Limited, has inaugurated a N2.8 billion greenhouse nursery in Kano to supply tomato seedlings to Nigerian farmers. Speaking on the […]

Nigeria’s Agri-mechanisation programme to begin in second quarter

NIGERIA – As the Federal Government of Nigeria plans to embark its agricultural mechanisation initiative in the next three months, the government of Turkey is planning to invest US$15m in the country’s agricultural sector to […]

Flour Mills grows profit before tax for Q3 to US$10.2m

NIGERIA – Flour Mills of Nigeria Plc, a diversified Nigerian agribusiness company has reported a 23% increase in profit before tax to N3.7 billion (US$10.2m) in the third quarter for the year 2019/20. The group’s […]

Organic Valley adds two new positions to improve supply chain and marketing operations

USA – America’s largest cooperative of organic farmers, Organic Valley has named Ty Brannen and Staci Kring to newly created positions on the cooperative’s executive leadership team its leadership team. Ty Brannen, a seasoned profession […]

Danish packaging firm Hartmann expands with acquisition of Mohan Fibre in India

DENMARK – Brødrene Hartmann, a Danish manufacturer of moulded fibre packaging has entered into an agreement to acquire Mohan Fibre Products India’s leading manufacturer of egg and fruit packaging. Based in Punjab, Mohan Fibre manufactures […]

Agro-industrial group Sodrugestvo secures US$90m for regional expansion

EUROPE – Luxembourg-headquartered agricultural commodity processor and trader Sodrugestvo Group has secured US$90 million in financing from the European Bank for Reconstruction and Development (EBRD) to support it regional expansion. Founded in 1994, Sodrugestvo Group […]

Ardent Mills appoints Angie Goldberg as its first Chief Growth Officer

USA – Ardent Mills, the premier flour-milling and ingredient company has named Angie Goldberg to the newly created position of Chief Growth Officer (CGO). Ardent Mills created the position to help the company focus on […]

Lakeview Capital acquires The Mochi Ice Cream Company

USA – An investment fund managed by Michigan-based Lakeview Capital has closed its acquisition of The Mochi Ice Cream Company, makers of My/Mo Mochi Ice Cream and mochi ice cream in North America. My/Mo Mochi […]

Constellation Brands takes minority stake in Press Premium Alcohol Seltzer

USA – Constellation Brands, through its investment initiative, Focus on Female Founders program has acquired a minority stake in Wisconsin-based Press Premium Alcohol Seltzer. Focus on Female Founders is a program initiated by the company’s […]