Nigeria sets in motion National Egg Production Scheme to boost local production

NIGERIA – The federal government of Nigeria through the Ministry of Agriculture and Rural Development has launched a new scheme aimed to boost egg production in the country. The National Egg Production (NEGPRO) scheme, expected to run for 5 years, is aimed to strengthen the country’s poultry sector by creating awareness on utilization of the country’s production capacity, marketing and promote economic development. It is set to equally focus on stakeholders’ engagement towards piloting, facilitating and coordinating activities within the value chain. According to reports by the Guardian Nigeria, the…

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American pizzeria Papa John’s International enters Sub-Saharan Africa market

KENYA – Papa John’s International, an American pizza restaurant franchise, has announced its expansion into Sub-Saharan Africa, with plans  of opening 60 restaurants in Kenya and Uganda. The pizza delivery outfit will embark on its Sub-Saharan Africa exploration with the opening of four restaurants in 2022, beginning with Nairobi. This will be done in conjunction with its newest franchise partner Kitchen Express LTD, a subsidiary of AAH Limited. AAH IS the majority shareholder of Hass Petroleum Group, which holds a significant retail footprint in Africa. The partnership will enable Hass…

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Benin secures US$27.5m from JICA to finance Couffo’s drinking water project

BENIN – The Japanese government has awarded a grant of 16 billion CFA francs (US$27.50m) to Benin, through its international cooperation agency, JICA. The funds will enable Beninese authorities to finance the Project to Strengthen Drinking Water Supply Systems in the Departments of Couffo and Plateau, which is under development. Under this project, the Beninese government has chosen to exploit underground water resources to supply the populations of Couffo and Plateau, and to fight against water-borne diseases. Thus, new boreholes will be drilled in the two departments located in southern…

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ITFC issues US$44.9m financing to Senegal based ground nut oil processor to ensure ample raw material supply

SENEGAL – Senegal National Groundnut Company (SONACOS), has received Euro 40 million (US$44.9m) from the International Islamic Trade Finance Corporation (ITFC), to finance part of the 2021-2022 groundnut campaign. SONACOS is a public limited company that has operated in the groundnut sector in THE West African country for over 40 years, with an annual processing capacity of 360,000 tons. It undertakes its operations through five factories in Lyndiane, Ziguinchor, Diourbel, Louga and Dakar and works hand in hand with producers of groundnut seeds and other aspects of the value chain.…

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Coca-Cola Hellenic readies exponential growth in Egyptian market, plans US$1B investment

EGYPT – Coca-Cola HBC, the world’s third-largest Coca-Cola anchor bottler has revealed plans of pumping investments worth US$1 billion into the Egyptian market, after finalizing acquisition of Coca-Cola Bottling Company of Egypt (CCBCE). This was revealed by the board members of Coca-Cola Hellenic during a meeting with Egypt’s Prime Minister Mostafa Madbouli. Madbouli highlighted the government’s eagerness to provide all kinds of support to the private sector, due to its key role in creating new jobs and boosting the state’s economic growth. The premier praised the successful and prolonged investments…

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