Tyson Foods invests US$58m in expanding Texas poultry plant to meet surging demand

USA – American multinational meat processing company , Tyson Foods Inc. Is planning to inject US$58 million into its Seguin poultry processing plant amid surging demand for poultry in Texas.   The project will add approximately 40,000 square feet to the 109,000-square-foot plant, Tyson Foods said in a statement.  The additional space will enable the meat processor to install new processing equipment even as it continues to focus on supplying foodservice customers.   “We’re excited about the expansion project at Seguin which is part of our commitment to meet increasing customer and consumer…

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Ugandan poultry farm Sekajja Agro clinches US$1.8m investment from Yield Uganda Investment Fund

UGANDA – Sekajja Agro Farms Limited (SAF), a Ugandan based poultry firm, has received UGX 6.79 billion (US$ 1.8 million) blended equity and long-term debt from Pearl Capital Partners’ managed fund, the Yield Uganda Investment. According to Pearl Capital, this is the fund’s tenth investment in the Ugandan agribusiness sector, to include US$1.54 million investment in AMFRI Farms, a pioneering organic farming; and US$2.5 million support to Pura Organic Agro Tech Ltd, on the cassava value chain. SAF’s main operations entails rearing of day-old-chicks (DOCs) until maturity and the distribution…

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Liberia’s fisheries sector receives US$40m support from World Bank to boost growth

LIBERIA – The World Bank has approved new financing to improve Liberia’s fisheries sector management and enhance the livelihoods of targeted beneficiaries and increase Government revenues. The Liberia Sustainable Management of Fisheries Project (LSMFP), funded by World Bank’s International Development Association (IDA) in the amount of US$40 million, comprising of US$20 million grant and US$20 million credit. The financing is aimed to improve conditions for fishermen and women, increase value addition for export, and help address economic vulnerability of the Liberian economy to climate change and vulnerability of food security.…

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Kenchic Limited continues to align operations with international standards renews FSSC 22000 certification

KENYA – Kenchic Limited, leading producer of poultry in East and Central Africa region has once again receive the Food Safety System Certification (FSSC) 22000 from the global certification body SGS. The FSSC 22000 certification allows Kenchic’s chicken processing plant to produce quality, safe & nutritious chicken for both local & international markets. The poultry processor attained its first FSSC 22000 certification in 2011 and has since been renewing it after undergoing a series of stringent food safety tests and audits, a testament to its implementation of the most robust…

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Cameroonian brewer SABC ventures into poultry farming with establishment of modern hatchery

CAMEROON – Cameroonian brewing company, Société Anonyme des Brasseries du Cameroun (SABC), has diversified its operations into poultry farming. The subsidiary of the French beverage company Castel, has set up a new subsidiary, the Cameroonian Farming Company (CFC), aimed to boost growth of the country’s agriculture sector. The newly established CFC facilities feature a parent farm which will produce 112,500 hatching eggs/week and a hatchery capable of producing 90,000 one day old chicks per week. The CFC established at an investment of XAF 18 billion (US$31.9m) also encompasses a specialized…

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JBS-owned prepared foods company Swift expands portfolio with acquisition of Sunnyvalley Smoked Meats

USA —  Swift Prepared Foods, a subsidiary of Brazil meat processing giant JBS, has reached an agreement to acquire Sunnyvalley Smoked Meats Inc. for US$90 million.  Founded in 1990, Sunnyvalley Smoked Meats produces a variety of quality smoked bacon, ham and turkey products for sale to retail and wholesale customers under the Sunnyvalley brand.    According to a statement from JBS, the acquisition by Swift includes the company’s production facility in Manteca, which employs more than 300 people and has gross annual revenues of US$150 million.  “Today’s announcement is consistent with our company’s long-term strategy to increase our value-added and branded portfolio,…

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Chinese donkey processing company recommences operations in Ethiopia after 7 years of closure

ETHIOPIA – Rhong Chang, a China-based company, has resumed operations at its donkey slaughterhouse in the Oromia Regional State, after seven years hiatus due to public outroar. The facility which was built with an investment of over Br 60 million (US$1.3m) was closed by authorities following public affront for the business perceived as offensive to societal values and norms. Rhong Chang resumed operations following consultations with religious and community leaders in the area as well as security and Assela Town Administration officials. As part of the deal, the company cannot…

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Angola’s budding poultry sector to register slight growth in chicken meat production in 2022

ANGOLA – Angola’s poultry sector which is still at the infancy growth stage, is set to register a marginal increase in chicken meat production to 32,000 metric tons (MT) in 2022 from 31,000 MT expected in 2021. According to data released by the Angolan Ministry of Agriculture and Fisheries in 2020, poultry meat production in the country was 29,860 MT, a 5.9 percent increase from the previous year. Meanwhile, the National Association of Poultry Producers of Angola (ANAVI) estimates egg production to be between 65 million to 70 million eggs…

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Tyson Foods invests US$61m to expand fully cooked chicken production facility in Mississippi

USA – American multinational food corporation Tyson Foods is investing US$61 million into its fully cooked chicken production facility in Vicksburg, Mississippi as part of strategy to accelerate long-term growth of the Tyson® retail brand.  The expansion will increase the production capacity of chicken products for food service customers such as restaurants and schools.   Expansion works are expected to be completed by summer 2022, creating about 50 jobs in the process.   The Mississippi Development Authority is providing assistance for improvements to infrastructure; Warren County and Entergy Mississippi are also assisting with…

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Turkey supports development of Somali’s poultry industry with establish of modern farm

SOMALIA – Turkish Cooperation and Coordination Agency (TİKA), Turkey’s leading development aid agency, has built a modern poultry farm with a total floor space of 198 sq. meters in Mogadishu, the capital of Somalia. The poultry farm equipped with modern equipment, feed units, vaccines has a holding capacity of 1200 ATAK-S layer chicks. The initiative is part of the “Project for Developing Layer Poultry Farming in Somalia,” implemented in cooperation with the Ministry of Agriculture and Forestry of the Republic of Turkey, IHH Humanitarian Relief Foundation, and Zamzam University. Assoc.…

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