Bakhresa Group halts flour exports to Kenya on inapt tax rules

TANZANIA - Bakhresa Group which operates one of the largest flour mill in Tanzania has suspended Kenya flour exports on changing rules and systems for exporting goods into the country. The company said frequent changes in tax rules, instituted by the Kenya Revenue Authority (KRA) have slowed its exports to Kenya and led to losses…

Research Institute embarks on strategic crossbreeding to boost beef production

TANZANIA - Tanzania Livestock Research Institute (TALIRI) has rolled out a special crossbreeding programme aimed at boosting beef breeds while improving production in the country. The initiative seeks to increase the stock of Boran cattle, a popular Zebu beef breed while addressing challenges faced in beef production. Speaking to Daily News, TALIRI Director General, Dr…

ADM re-opens modern flour milling facility in Oklahoma

USA - Archer Daniels Midland Company, an American global food processing company, has joined with members of the community to celebrate the re-opening of its modernized flour mill in Enid, Oklahoma. According to the company, the modernization project involved a complete retro-fit of ADM’s existing mill in Enid, which was built in 1928. ADM replaced…

DuPont launches new ascorbic acid alternative for the baking industry

CHINA – DuPont, an American conglomerate, is the first company that has launched a new ascorbic acid alternative, Hexose Oxidase, for the baking industry. According to the company, the hexose oxidase technology present in the DuPont Danisco GRINDAMYL SUREBake product range can utilize many different sugar molecules as a substrate rather than just glucose alone,…

Olam receives AGROW Award as champion of inclusive agribusiness in ASEAN

SINGAPORE - The agribusiness giant, Olam international has received the AGROW Award, recognized for inclusive agribusiness in the ASEAN (Association of Southeast Asian Nations) agricultural sector. Olam was honored with the Golden AGROW Award (Singapore) for its outstanding contributions in the field of agriculture by helping micro, small and medium enterprises in the region to…

South Africa’s sorghum output to drop 9% to 100,000T in 2018/19

SOUTH AFRICA - Sorghum production in South Africa is on the decline and according to Global Agricultural Information Network report from the U.S. Department of Agriculture, this will drop by 9% in 2018-19 to 100,000 tonnes from 109,855 tonnes in 2017-18. The drop was attributed to a 32%decrease in area planted as many producers substituted…

Zimbabwe’s Seed Co lists on Botswana Stock Exchange to help raise US$19m funding

BOTSWANA - Zimbabwe’s largest seed maker Seed Co Limited has partially reduced its operations by the primary listing of Seed Co International on the Botswana Stock Exchange (BSE). The seed company will also get a secondary listing on Zimbabwe Stock Exchange (ZSE), its mother country as it targets to increase visibility on both the local…

IRRI opens regional office in Kenya to boost Africa’s rice productivity and sufficiency

KENYA - The International Rice Research Institute (IRRI) has opened a new regional office in the Kenyan capital Nairobi to help Africa achieve self-sufficiency and productivity in rice production. The new regional hub hosted by CGIAR center, the International Livestock Research Institute (ILRI) will work in collaboration with AfricaRice to offer training and research services…

Tanzania receives US$115m European Union funding to boost agriculture

TANZANIA - The government of Tanzania has received US$115.91 million (Tsh265 billion) from the European Union to enhance productivity and competitiveness in the Agricultural sector. According to the Citizen, the programme dubbed ‘agri- connect’ would focus on key agricultural sectors such as horticulture, coffee, tea as well as food production and nutrition security. During the…

Africa focused equity firm Phatisa raises US$121m for second generation fund

AFRICA - Phatisa, a sector-focused African private equity firm has closed its second generation fund, Phatisa Food Fund 2 (PFF 2) at US$121.5 million with a target to reach US$300 million by mid-2019. PFF 2 will focus on investments in the African food value chain that is; mechanisation, inputs, poultry and meat production, food processing…