Dangote, BUA, FMN prioritized sugar importers in Nigeria following massive investments in industry

NIGERIA – The Central Bank of Nigeria (CBN) has restricted importation of sugar into the country to be only undertaken by the three major industry players i.e., Dangote Sugar Refinery Plc, Golden Sugar Company owned by Flour Mills of Nigeria Plc, and BUA Sugar Refinery Limited. The Apex bank in a circular titled: “Sugar Importation in Nigeria,” signed by the Director, Trade and Exchange Department, CBN, Dr. Ozoemena Nnaji, hinged its reason for selecting the aforementioned sugar manufacturers on the fact that they had made reasonable progress in achieving backward…

Read More

Zambeef offers lucrative prices to Zambian pig farmers to boost production, pork supply

ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, has of last year doubled the price it pays local pig farmers, in a bid to boost home-grown production and encourage more participation in the sector. This is also to keep pace with the continued consumer demand of pork, in the midst of a drop in pig supply due to outbreaks of swine fever. The sector has also been wallowing in the impacts of the drought experienced in 2019/20, which has pushed feed ingredient prices up and the…

Read More

SAB stops beer production amid extended liquor sales ban, damages from unrest

SOUTH AFRICA – The South African Breweries (SAB), subsidiary of AB InBev has halted its production activities following the extension of the government’s alcohol sales ban as part of lockdown regulations. Government instituted the ban at the end of June as South Africa was hit by a deadly third Covid-19 wave in order to keep hospital beds available for Covid-19 patients and free of alcohol-related trauma cases. The ban was extended on 10 July. “As SAB goes into a sales ban, it implements an orderly wind-down process by which the…

Read More