The facility is to be located in Jeddah, with production aimed at Saudi and regional markets. The project is a joint venture with BRF and Saudi Arabia’s Halal Products Development Company
Coca-Cola Beverages Africa ramps up production with new investments in Malawi and beyond.
The National Sugar Development Council partners with Chinese firm SINOMACH for a US$1 billion sugar project as Nigeria pushes for self-sufficiency and reduces reliance on imports.
The industry has seen growth in domestic consumption and export value despite wartime losses.
The company’s stock prices have fallen over 4% after disclosure of antitrust investigation.