Cargill, Continental Grain to acquire US poultry producer Sanderson Farms for US$4.53bn

US – Cargill and Continental Grain Company have announced that they will acquire poultry producer Sanderson Farms for US$4.53 billion in an effort to bolster their presence in the US poultry market.  Upon completion of the transaction, Cargill and Continental Grain will combine the latter’s Wayne Farms subsidiary with Sanderson Farms to form a new, privately-held US poultry company.  According to a report by Food Dive, the new entity will control about 15% of U.S. chicken production, putting it in a better position to compete with larger competitors such as Tyson Foods and Pilgrim’s Pride.  Wayne…

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Kakuzi becomes first African company to adopt UN Guiding Principles on Business and Human Rights

KENYA – Kenyan fresh food producer and exporter, Kakuzi Plc, becomes the first corporate organization in Sub Sahara Africa to constitute and establish the Independent Human Rights Advisory Committee (IHRAC) benchmarked against the United Nations Guiding Principles on Business and Human Rights. In a trendsetting move, the integrated agri-business firm joins a growing list of globally focused institutions’ progressively adopting the UN Guiding Principles on Business and Human Rights, such as Global Chemicals manufacturer BASF SE. The company has appointed Kenya’s former Attorney General Prof Githu Muigai to be the…

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JBS enters Australia’s aquaculture market with acquisition of salmon farmer Huon for US$313m

AUSTRALIA – World’s largest processor of fresh beef and pork, JBS is expanding its presence in the Australian animal protein market with the acquisition of salmon producer Huon Aquaculture Group for AUD 425 million (US$312.5 million).  Based in Tasmania, Huon farms salmon and ocean trout, and its products are sold at stores and supermarkets across Australia, as well as via the company’s online store.  The company is said to be Australia’s second-largest salmon producer and has invested more than US$256.6 million over the past five years in operational infrastructure and…

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Old Mutual managed fund ULIMI backs growth of Malawi’s macadamia sector with investment in Gala Agriculture

MALAWI – ULIMI Fund, a private equity fund managed by Old Mutual Investment Group Malawi, has made an undisclosed amount of investment in Gala Agriculture Company, a macadamia plantation in Malawi. Gala Agriculture Company operates 12 farming estates spanning 6,000 ha and has made considerable progress towards building a state-of-the-art export driven operation, which is already delivering significant social, environmental and community benefits. The company will use the equity investment to double their macadamia plantations and production facilities over the next five years. “We are delighted to partner with Old…

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Ugandan agro-processor Pura Organics receives US$2.5m investment from Pearl Capital Partners

UGANDA – Pura Organic Agro Tech Ltd, an agro-processing company focused on the cassava value chain in Uganda, has clinched a US$2.5 million straight equity and patient debt investment from Yield Fund, managed by Pearl Capital Partners. The investment will enable Pura acquire and install a vertically integrated cassava processing plant that is envisaged to produce an assorted line of three products comprising of: High-Quality Cassava Flour (HQCF), Tapioca starch, and Sago (an edible starch delicacy that is made from cassava). Pura which was incorporated in 2011, is seeking to…

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Researches call for reintroduction of millet as staple to minimize risk of developing diabetes, management of condition

AFRICA – Grains such as millets were consumed as staple cereals in many parts of the world until half a century ago. The norm shifted following investments in a few crops such as rice, wheat and maize, which edged the nutritious and climate-smart crops like millets out of the plate. However, the narrative is about to change following a study undertaken under the Smart Food initiative led by ICRISAT, revealing that eating millets can reduce the risk of developing type 2 diabetes and help manage blood glucose levels in people…

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Francophone countries lead in Africa’s wine consuming ranking courtesy of historic influences

AFRICA – Across the globe people are opening wine bottles in bars, restaurants and homes ready to kick back and relax or add a perfect finishing touch to a meal. In Africa, Togo, Cameroon, and Côte d’Ivoire are the top three countries with the highest proportion of the adult population who consume wine, according to a recent survey by research and intelligence firm Sagaci Research. The study which was undertaken over a one-year period from June 2020-June 2021, assessed the percentage of adults who had recently consumed wine within a…

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