Zambeef Products half year revenue decline 4% amid challenging environment

ZAMBIA –Zambeef Products PLC, a food products and agribusiness company, posted a 4% decline in revenues to US$118.8 million for the six months to March 31, 2019 amid a challenging operating environment. Zambeef plunged into […]

Coca-Cola to sell Nairobi regional headquarters facility, relocates to new office

KENYA – Multinational beverage giant, Coca-Cola is set to sell its facility in Nairobi, Kenya which served as the company’s East and Central Africa headquarters. Located in Upperhill in Nairobi, the three-storey complex covering 116,350 […]

State releases 600,000 bags of maize to ease grain shortage

KENYA – Kenya’s National Cereals and Produce Board (NCPB) has resolved to release 600,000 bags of subsidised maize to grain millers aimed at easing grain shortage in the country. According to a Business Daily report, […]

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

ZIMBABWE – Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the second half of the current financial year following a 50% growth in revenues for the […]

Nigerian rice processor to invest US$50m in new high capacity processing plant

NIGERIA – Darma Rice Mill Ltd has unveiled plans of investing about US$50 million (N15.2 billion) in setting up a new rice mill with an annual capacity of processing 600,000 tonnes. According to a report […]

Kenya to raise US$250m to set up value-addition hubs under industrialisation initiative

KENYA – The government of Kenya is seeking to raise US$250 million (Shs25 billion) through partnership with development partners to facilitate establishment of value-addition hubs for agriculture produce. Mwangi Kiunjuri, the Agriculture Cabinet Secretary, said […]

Uganda’s Chemiphar secures US$1m funding to facilitate agriculture exports

UGANDA – Chemiphar (U) Ltd, an internationally accredited analytical laboratory in Uganda, has received a total of US$1 million (UGX3.750 billion) funding aimed at boosting agriculture exports in the country. The funding was facilitated by […]

Dangote’s NASCON to drive growth in market share through product innovation

NIGERIA – NASCON Allied Industries Plc, a food processing company and subsidiary of Dangote Industries, is targeting to grow its more market share in Nigeria’s food sector through increased product range and innovation. Speaking at […]

Seed Co reports 16% growth in revenues as profits increase four fold to US$9.07m

ZIMBABWE – Seed Co Limited, one of Africa’s leading seed producers, reported a 16% increase in revenues to US$73.4 million offsetting a 323% jump in after-tax-profit to US$9.07 million in the year ended March 31, […]

Nigeria Eat n’ Go opens 100th fast food outlet in US$27.78m investment plan

NIGERIA – Eat n’ Go Limited, Nigeria’s franchisee for Domino’s Pizza, Cold Stone Creamery and Pinkberry gourmet frozen yoghurt, has opened a new outlet in Lagos. Speaking at the unveiling in Lagos recently, Patrick McMichael, […]