Ethiopian industrial conglomerate invests US$1.64m in new flour milling plant

ETHIOPIA – The A.S.S.E.S. Industry Plc, an Ethiopian conglomerate, has invested US$1.64 million in establishing a modern wheat flour processing plant in Amhara Regional state, Ethiopia. Established on a 1,254 Square metre land, the new plant has a processing capacity of producing 82000 kilogrammes of wheat flour per day. According to Sema Melaku, assistant factory…

Stallion Group commissions modern rice milling plant to boost production in Nigeria

NIGERIA - Stallion Group, a Dubai-based conglomerate through its Nigerian Subsidiary, Popular Farms and Mills Limited, has inaugurated a new rice milling in Kano State, Nigeria, as it seeks to boost rice production in the country. Alhaji Suleiman Umar, the company’s National Programme Manager, said that the firm has invested about US$22.19million (N8bn) both in…

Research institution develops new drought-tolerant seed cultivars to boost food security in Ghana

GHANA - The Council for Scientific and Industrial Research – Savannah Agricultural Research Institute (CSIR-SARI) has unveiled new drought-tolerant seed varieties with an aim of improving food security in Ghana. The research institution has developed new maize, rice, soybean, sorghum and groundnut drought-tolerant seed varieties which SARI says their performance has been proven to be…

Nigeria’s Grand Cereals inaugurates US$3.3m fish feed processing plant

NIGERIA - Grand Cereals Limited, subsidiary of United Africa Company (UAC) of Nigeria Plc, has commissioned a US$3.3 million (N1.2bn) fish feed processing plant as it seeks to boost the aquaculture sector in the country. Speaking during the inauguration ceremony, Mr Sanjeen Jain, the Acting Deputy Managing Director Grand Cereals Ltd., explained that the plant…

Egypt accepts French wheat cargo after re-testing

EGYPT (Reuters) - A French wheat cargo Egypt had rejected by Egypt due to high levels of the grain fungus ergot has been re-tested and found to have acceptable levels, a ministry document showed and an Egyptian official said.  The cargo at the Red Sea port of Safaga will be offloaded and distributed to mills…

Ardent Mills to build new US$62m flour mill and grain storage facility in US

USA – Ardent Mills, supplier of flour and specialty products for the bakery industries is set to build a new flour mill and grain storage terminal at Port Tampa Bay, in the state of Florida. According to Tampa Bay Times, the company plans to spend about US$62 million in the construction of the plant which…

Tanzania chamber of commerce embarks on efforts to boost cassava sector

TANZANIA- The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) has unveiled plans of setting up a cassava processing plant in Dodoma as part of its commitment in transforming the cassava sector in the country. Additionally, the government agency -whose a mandate is to promote trade and facilitate private-public investments- has also acquired 2,000 acres…

ADM considers voluntary early retirement and job cuts in new restructuring

USA – The American grain giant, Archer Daniels Midland Co (ADM) has announced that it will seek voluntary early retirements for some of its employees in North America as well as job cuts in a new restructuring strategy. According to a Reuters report, the move is expected to strengthen the company’s core business and establish…

Lesaffre opens new baking center in Austria dedicated to industrial customers

EUROPE – The French yeast manufacturer, Lesaffre has inaugurated a new Baking Center dedicated to serving industrial customers in the baking industry in Austria. The company said the center will mainly focus on development of new products and processes to meet the growing demand for novel ingredients in the baking industry. It further expands its…

IFC invests US$3m in agri-logistics group to expand services in Myanmar

ASIA – The International Finance Corporation, IFC has provided US$3 million loan facility to SLCM Limited, a Delhi-based agri­ logistics group to expand its warehousing services in Myanmar. According to IFC, the credit facility will help the company expand its warehousing services and allied services in the Southeast Asian nation while improving farmers’ livelihoods by…