NIGERIA – The Chairman, Flour Mills of Nigeria Plc, Mr. George Coumantaros has revealed plans by the company to expand its production capacities and facilities.
ETHIOPIA – Allanasons Group – an Indian based meat processing plant – has been finalising a deal to purchase Akshakar Export Abattoir for a total cost of around nine million dollars.
NIGERIA – In support of the federal government’s agriculture transformation agenda, Honeywell Flour Mills Plc has invested about N1billion to modify its mills for increased cassava flour inclusion, Managing Director/CEO of the company, Mr. Lanre Jaiyeola, has said.
SOUTH AFRICA – SABMiller’s value on the JSE ballooned by R94bn to R1.08-trillion on Monday after reports suggested it was likely to be at the centre of any mooted consolidation among the world’s biggest brewers.
NIGERIA – The Global Chief Executive Officer, Unilever, Mr. Paul Polman, weekend disclosed that with the fresh investment, which the multinational company has recently injected in to the country, Nigeria now holds around 50 per cent of all of Unilever’s investments in Africa.
HOLLAND – Dutch brewing giant Heineken has rejected a takeover offer from London brewer SABMiller saying the proposal is “non-actionable”.
NIGERIA – The Federal Executive Council (FEC) on Wednesday approved N13 billion for the procurement of 10 integrated rice mills and six high quality cassava flour mills to boost domestic rice and cassava production.
KENYA – The Dangote Group of companies is to set up a multi-billion-shilling powder milk plant in Kenya.
KENYA – A number of multinational packaging companies, quite a number from the United States, are in the country seeking opportunities in the food processing business.
KENYA – Sony Sugar Company needs Sh12 billion for expansion that will see the Migori-based miller venture into electricity and ethanol production.