COMESA enhances seed trade by developing certified labels, fosters trade in animal under AfCFTA

AFRICA – The Alliance for Commodity Trade in Eastern and Southern Africa (ACTESA) is a specialized agency of COMESA, focused on agricultural development, has developed over four million physical seed labels that are ready for use by seed companies in the region. ACTESA, manages the Seed Development Programme which is implemented within the guidelines of the COMESA Seed Harmonisation Implementation Plan (COMSHIP). In line with COMSHIP, the programme has developed the COMESA Variety Catalogue, a platform that contains seed varieties which comply with requirements of having the seed registered in…

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Tyson Foods opens new US$425m Tennessee poultry complex amid unending price-fixing allegations

US – Tyson Foods, the world’s second-largest processor and marketer of chicken, beef, and pork, has officially inaugurated its new poultry complex in Humboldt, Tennessee, following a total investment of US$425 million. Located within the Gibson County Industrial Park , the site consists of a processing plant, feed mill and hatchery, and represents Tyson Foods’ biggest investment in Tennessee. The plant is expected to start production later this month and will produce pre-packaged trays of fresh chicken for retail grocery stores nationwide. According to Tyson Foods, several hundred workers have…

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Crown Holdings offloads EMEA food packaging unit to private equity firm KPS in US$2.68bn deal

EMEA –  American-based packaging manufacturer Crown Holdings has agreed to sell its Europe, Middle East and Africa (EMEA) food packaging unit to private equity firm KPS Capital Partners, in a deal valued at €2.25 billion (about US$2.68 billion). Crown’s European Tinplate business produces food cans and ends, aerosol cans, metal closures, and promotional packaging for various consumer brands. The business is regarded as one of the largest manufacturers of steel and aluminium food packaging in Europe, operating 44 manufacturing facilities in 17 countries across Europe, the Middle East and Africa.…

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Molson Coors launches new division to manage brands under the beyond-beer banner

EUROPE – Beverage manufacturing giant, Molson Coors has launched The Beverage Hub – a new division within the company’s European business unit, aimed at growing the company’s presence in the fast-emerging ready-to-drink (RTD), adult soft drinks, and premium spirits sectors. The new division, led by beverages director Jack Daniel, will focus on building independent partnerships with new brands in the above sectors, supporting their growth through Molson Coors’ established on and off-trade networks across Western Europe. The move follows the company’s re-brand to Molson Coors Beverage Company in 2019, as…

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Zimbabwe’s Delta Corporation invests US$1.1m in sorghum production to meet rising beer demand

ZIMBABWE – Delta Corporation Limited, leading manufacturer and marketer of both international and locally produced beverages has invested US$1.1 million into sorghum planting under a strategy to secure inputs for its massive operation. The Zimbabwe Stock Exchange listed blue-chip, has recently been making fresh forays into domestic and foreign markets, unlocking opportunities for growth and higher demand for beer. The US$1.1 million injection, according to Zimbabwe Independent, will be channelled production of 13, 425 tonnes of sorghum to quench up the thirst of beer lovers as demand rises. “We have…

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Sahel Consulting champions development of Nigeria’s National Dairy Policy to foster sector growth

NIGERIA – Sahel Consulting, a leading African agriculture platform in Nigeria has lent its input to the develop a National Dairy Policy prepared by the Federal Ministry of Agriculture, aimed to foster growth of the sector, boost local milk production and in turn discourage the importation of dairy products. Africa’s most populous country spends US$1.3 billion yearly on the importation of dairy products as the sector faces challenges that limit production of high-quality raw materials to produce dairy products. Muhammad Sabo Nanono, minister of Agriculture has further highlighted that over…

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Avian flu spreads across Nigeria causing US$1.3m worth of poultry loss in Kano State

NIGERIA – The highly pathogenic Avian Influenza has wreaked havoc in Nigeria with cases of rampant out-breaks reported in Kano State, registering a loss of over N500 million (US$1.3m) worth of poultry. According to the Kano State branch of the Poultry Farmers Association of Nigeria, 223,695 chicken have been confirmed affected and depopulated, noting that each of the chicken costs not less than N1,800, and the amount of the loss is over N402 million (US$1.05m). The Chairman of the association, Mr. Umar Kibiya Usman, highlighted that there are thousands of…

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Agricultural Finance Corporation supports Kenyan women farmers with US$9.3m financing

KENYA – The Agricultural Finance Corporation (AFC) has extended a Ksh1 billion (US$9.3m) loan to women farmers as it seeks to empower women-led enterprises. The money, which is part of Ksh3 billion (US$27.95m) that AFC intends to loan women, has been disbursed over nine months, according to the agency’s board chair Franklin Bett. The institution last year started the Women Affirmative Access Window programme to drive financial inclusion in agricultural finance. Mr Bett said the loans have been made collateral free to attract women who would want to access funds…

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Swiggy raises US$800 million funding to bolster position in India’s online food delivery market

INDIA – Online food delivery platform Swiggy has raised US$800 million in an oversubscribed funding round led by Falcon Edge, Amansa Capital, Think Investments, Carmignac and Goldman Sachs. Existing backers, Prosus Ventures (formerly Naspers), its largest shareholder, and venture fund Accel participated in the funding round which also saw participation from new investors such as the Qatar Investment Authority and GIC of Singapore. According to a report by ET Retail, the new round pegs Swiggy’s valuation at US$5 billion and is coming at a time when food delivery platforms are…

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Leading Indian distiller Tilaknagar Industries to manufacture products for Pernod Ricard

INDIA – Tilaknagar Industries, one of India’s largest distillers, has signed a deal with French distiller Pernod Ricard to make their products at their Maharashtra manufacturing unit. Founded in 1933 as Maharashtra Sugar Mills, Tilaknagar Industries is among India’s ten largest distillers. It boasts of a diverse portfolio of brands in categories including brandy, whisky, vodka, gin and rum and sells Mansion House brandy. According to a statement from Tilaknagar Industries, the agreement with Pernod Ricard will be valid for the next ten years and could be extended to more…

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