COMESA unveils plans to curb counterfeit seeds through a common label

EASTERN AFRICA - Seed companies operating in Common Market for Eastern and Southern Africa (COMESA) member states will from early next year sell seeds branded with a COMESA logo as a measure to prevent sale of uncertified products. Dr.John Mukuka, COMESA regional seed programme coordinator, said that the labeling was necessary to wipe out counterfeit…

Rwanda government launches fruit project to boost agricultural export

RWANDA - The government of Rwanda through the National Agricultural Export Board (NAEB) has launched a fruit tree planting project that will see more than 100 million fruit trees planted by 2024 in a bid to improve agricultural exports. According to New Times Rwanda, the project is also expected to create more employment opportunities among…

Kenya coffee prices decreases by 6% as production increases

KENYA – Kenya’s coffee prices at the Nairobi Coffee Exchange (NCE) dropped marginally by 6% due to decline in supply of good quality coffee from Eastern Kenya, reports Business Daily. According to the NCE, a 50 kg kilogramme bag on average declined by 6% to US$ 188.34 (Ksh19,300) from a previous performance of US$200.05 (Ksh…

South Africa’s Grand Parade pay policy rejected by investors

SOUTH AFRICA - South Africa’s Grand Parade Investment (GPI), which represents Burger King saw its pay policy rejected after 60.6% votes cast by investors went against the remuneration policy,reports Business Day. “I think shareholders know that fundamentally Grand Parade has not performed for at least three years, so why should the revolving door of management…

Africa’s biggest grocer Shoprite opens first outlet in Kenya

KENYA – Shoprite Holdings, the South African retailer has opened its first store in Nairobi and is set to disrupt the Kenyan retail industry which has attracted a number of foreign investors. The maiden outlet, located at Westgate Shopping Mall sits on a 50,000-square-feet space, previously occupied by struggling Nakumatt Holdings that once was the…

African Universities team up to launch research centre for food security

SOUTH AFRICA – The University of Pretoria in partnership with the University of Nairobi and the University of Ghana has been awarded the privilege to host a new research center that aims to enhance food security and transform food policy on the continent. The African Research Universities Alliance Centre of Excellence for Food Security was…

Kenyan local retail chain Tumaini sells majority stake to Sokoni

KENYA - Tumaini Self Service Limited, one of the emerging supermarket chains in Kenya has sold a majority stake to Sokoni Retail Kenya in a recent consolidation drive in the space. The transaction which has been approved by the Competition Authority of Kenya (CAK) provides the retail chain with capital to expand its business. The…

Promasidor Nigeria launches Sun Vita cereal in the market to expand portfolio

NIGERIA – Consumer goods manufacturer, Promasidor Nigeria has introduced a zip-lock packaged ready-to-go cereal Sun Vita, expanding its range cereals in the market. According to the company, the new range is suited for mothers and others working on tight schedules as it is easy to prepare to meet their daily health and nutritional requirements. SunVita…

Zimbabwe millers to venture into wheat farming for raw materials sourcing

ZIMBABWE -  Zimbabwe has asked grain millers to venture into wheat farming as remedy to enhance raw materials supply for their milling operations, given forex currency shortage challenges in the country. According to the IOL Business, Zimbabwe’s cabinet has agreed to finance a decision posited by Finance Minister Mthuli Ncube to have wheat millers venture…

Kenyan Afia juice maker Kevian considering listing on Nairobi bourse

KENYA – Kenya’s leading juice manufacturer, Kevian Kenya is considering listing on the Nairobi Securities Exchange (NSE) through an initial public offering (IPO), reports the Nation. According to the company owner and Managing Director, Kimani Rugendo, said the listing is part of the strategy to transfer ownership of part of the company to the public.…