Silafrica partners with Ellen MacArthur Foundation to combat plastic waste

KENYA – Africa’s leading plastic and packaging solutions provider, Silafrica has joined the New Plastics Economy initiative by Ellen MacArthur Foundation, strengthening its commitment to establish a global circular economy. The Ellen MacArthur Foundation is a UK registered charity which aims to inspire a generation to re-think, re-design & build a positive future through the framework of a circular economy. The foundation with members across the globe including Tetra Pak, Danone, Coca-Cola, Nestle among many others, seeks to drive momentum to reach its goal by eliminating problematic or unnecessary plastic…

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Alapala continues with global expansion, opens new office in Kenya

KENYA – Turkey’s premier milling equipment company Alapala has expanded its presence in the Eastern African region with the opening of its new office in Kenya. Located in the country’s capital city Nairobi, the new base is part of its global expansion and is aimed to better serve its local customers. “With continued growth and our commitment to providing outstanding service, we are now even stronger in East Africa with our new office in Nairobi,” highlighted Alapala on a LinkedIn post. The announcement comes almost a year after it completed…

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Agricultural Finance Corporation taps NOCK’s George Kubai to be its new Managing Director

KENYA – Development finance institution Agricultural Finance Corporation (AFC), has appointed George Kubai as its new managing director effective April 1 2021. Prior to his appointment, Mr Kubai was the General Manager, Downstream Operations at the National Oil Corporation of Kenya (NOCK). The new boss takes over from the lender’s Corporation Secretary Mrs Rose Ochanda who has been the acting Managing Director since the retirement of the long-serving CEO Lucas Meso who stepped down in October 2020 after almost 10 years at the helm. Announcing the appointment, AFC Board Chairman…

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Senegalese food-tech startup LADC, Nigerian digital food cooperative Pricepally get funding

WEST AFRICA – Senegalese food-tech startup Les Ateliers de Corinne (LADC), has secured an undisclosed amount of funding from WIC Capital, as Nigerian group-buying platform Pricepally undertakes pre-seed funding round. Launched in 2014 by Corinne Erambert, LADC specializes in digital culinary marketing, organization of cooking workshops and cake design. The investment will enable the Dakar based company to scale up by financing the acquisition of professional equipment, the recruitment of a professional team and the installation into new premises. “I am delighted with this partnership which reinforces the image and…

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KFC opens new outlet in Ghana featuring safe, convenient services

GHANA – Masco Foods, franchise owners of the KFC brand in Ghana has cut ribbon to its 20th store in Accra. The new store features KFC’s brand-new design, offering not only dine-in services but also takeaway, drive-thru and delivery options, in a bid to offer safe, convenient and seamless service to customers as the world continues to battle with the COVID-19 pandemic. The management of Masco Foods while opening the new outlet, took the opportunity to express their gratitude to the company’s staff for their relentless effort in ensuring that…

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South Africa restricts off-site alcohol sale over Easter weekend, BaSa slams the decision

SOUTH AFRICA – South Africa has announced a partial ban on the sale of alcohol over the long Easter weekend to stem the spread of the coronavirus. Addressing the nation, President Cyril Ramaphosa said alcohol fuels reckless behaviour, and for this reason, the government has banned the sale of alcohol that is taken away from the point of sale to be consumed elsewhere. The ban will be in effect from Friday, 2 April until Monday, 5 April, which is the duration of the Easter holiday. “The sale of alcohol for…

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World Bank issues US$375m financing to revitalize pastoralism in the Sahel region

AFRICA – The Board of World Bank’s Executive Directors have approved the new US$375 million IDA financing, to support the implementation of the second Regional Sahel Pastoralism Support Project, known by its French acronym PRAPS-2 (Projet regional d’appui au pastoralisme au Sahel-Phase 2). The project is aimed to improve the productivity and resilience of pastoral production systems in the Sahel region including in Burkina Faso, Chad, Mali, Mauritania, Niger and Senegal. Building on the successes of its predecessor (PRAPS-1), PRAPS-2 will pursue investments to establish more robust animal health systems,…

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Uganda Breweries Limited launches US$1m fund to revive bars from Covid-19 impact

UGANDA – Uganda Breweries Limited (UBL), subsidiary of East Africa Breweries Limited has officially rolled out its US$1 million Raising the Bar fund, aimed to support pubs and bars recover from the effects of the COVID-19 pandemic, once the government allows them to resume operations.  The initiative has been adopted from EABL’s parent company Diageo US$100 million kitty, launched in July 2020 across its different markets. In East Africa, the Kenya Breweries Limited (KBL) got the lion’s share receiving US$3 million while Uganda Breweries Limited and Serengeti Breweries Limited of…

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Ethiopia’s oil seeds production to marginally decline due to drop in sesame production

ETHIOPIA – Ethiopia’s oil seeds production i.e., sesame seed, Niger seed, and soybeans in marketing year 2020/21 (October to September) is estimated to reach 705,000 metric tons, slightly down by 0.3 percent over previous year. The production quantities of Niger seed and soybean during the period under review are estimated to increase by 2 and 14 percent, respectively, over last year’s level reaching 300,00 metric tons (MT) for Niger seed and 150,000 MT for Soybean. Expansion in planted acreage and improved yield due to good weather conditions are set to…

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Innscor Africa reports 45% growth in half year revenue boosted by improved performance across most categories

ZIMBABWE – Innscor Africa Limited, an expansive manufacturing and retail conglomerate in Zimbabwe, has reported 45% growth in half year revenue for the six months to December 2020. The rise from ZWL 19.1 billion (US$52.7m) of the corresponding period in 2019 to ZWL 27.7 billion (US$76.5m) was driven by strong volume performance across most units, the removal of subsidized pricing on certain core product categories, and pricing policies that were implemented to secure inventory replacement. According to the company’s financial statement, the operating environment was characterized by fragile macro-economic environment…

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