Uganda dismisses claims that Kenya slashed its sugar export quota

UGANDA – The government of Uganda has refuted claims that Kenya has cut the country’s sugar export quota by 79%. Recent reports indicated that Kenya had revised the allocated sugar imports quota for Uganda by cutting the allowable quantities of the commodity into the country to import 18,923 tonnes of sugar down from 90,000 tonnes. With the changes it was deemed that countries from the Southern Africa will account for the largest share of imports under the regional market window with eSwatini lead the pack with 68,959 tonnes followed by…

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Guinness Ghana more than doubles its processing capacity with launch of new US$23.9m Brewhouse

GHANA – Guinness Ghana Breweries PLC, has commissioned a state-of-the-art Brewhouse worth GHS 145 million (US$23.9m). According to the subsidiary of the British multinational alcoholic beverages company, Diageo, the new facility will boost its current production capacity by more than 150% of the old Brewhouse. With the beefed-up capacity, Ghana’s leading drink company will increase its local raw material sourcing, propelling it towards its ambitions goal of acquiring 70% of its raw material requirements from Ghanaian farmers by 2024. Currently, the company sources 61% of local raw materials i.e., maize,…

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Cameroonian company Mavecam to invest US$22m in fish farming to boost local production

CAMEROON – Mavecam, a Cameroonian agricultural firm is seeking to invest FCFA 12.28 billion (US$22.23m) in the establishment of an integrated aquaculture projected in the country. A delegation from the company made a presentation of the project to the Minister of Livestock, Fisheries and Animal Industries (Minepia), Dr Taïga, seeking further support from the government. Mavecam is one of the 117 organizations shortlisted in the context of a call for expressions of interest launched by Minepia to strengthen local food production and encourage private sector investment in the agriculture industry,…

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Bakhresa Group takes aim at a bigger piece of Africa

Not so many businesses can boast of having brands that are household names, resonating with consumers of all ages and different social walks of life. Deemed as one of Africa’s success stories, Bakhresa Group, a diversified industrial conglomerate headquartered in Tanzania, is one such company

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