Kenyan University launches a US$3.98m food laboratory in a food fortification drive

KENYA - Jomo Kenyatta University of Science and Technology (JKUAT) has launched a food laboratory worth about US$3.98 million, to be used as a centre for monitoring and analysing the nutritional significance of foods, Business Daily has reported. This is part of the European Union funded food fortification programme in collaboration with the ministry of…

COCOBOD to introduce organic fertilizer on cocoa farms

GHANA - The Ghana Cocoa Board (COCOBOD) has unveiled plans to introduce use of organic fertilizer on cocoa farms in another strategy to increase yields and cocoa production in the country. The fertilizers will help in enriching the soil as opposed to use of chemicals and weedicides that has affected the soil fertility and yields…

Tongaat Hulett’s CEO Peter Staude to retire end of October

SOUTH AFRICA - The agricultural and sugar processor Tongaat Hulett has announced that its long-serving Chief Executive Peter Staude will be stepping down his role at the end of October after attaining the retirement age of 65 in June, Business Day reports. Staude who has been CEO of the agri-processing business since 2002 said in…

Flour Mills of Nigeria profits drop 26% in a challenging business environment

NIGERIA - Flour Mills of Nigeria Plc, the Nigerian agribusiness company has reported 26% decline in group operating profit from US$41.81 million to US$31 million in the first quarter ended June 30. Group revenue fell to US$368.33m, down 11% from US$412.37 million a year ago while profit before tax was US$14.40 million for the three…

TransCorp to divest its interest in fruit juice concentrate maker Teragro

NIGERIA - Transnational Corporation of Nigeria (“TransCorp”), the diversified agribusiness firm is planning to divest its stake in its juice concentrate making subsidiary, Teragro Commodities Limited. Beverage Industry news revealed that the decision to divest its interest in the Benue-based agribusiness arm came following a long-term review of its operations in that business, which revealed a…

Government partners with deans of agriculture to establish incubator centres in varsities

NIGERIA- The Federal ministry of Agriculture in collaboration with the Association of Deans of Agriculture in Nigeria (ADAN) are establishing incubation centres across faculties of agriculture in Nigeria, reports the ANA. According to Chairperson of the Association, Professor Folusho David Abraham, the idea of establishing incubation centers in faculties of agriculture was initiated to provide…

Agrana acquires 49% of Elafruits extending its presence in Africa

AUSTRALIA - Austrian ingredients producer Agrana has extended its presence in Africa by acquiring 49% of Elafruits, an Algerian producer of fruit preparations. Located in Akbou, around 200 km east of Algiers, Elafruits has a workforce of around 100 and generated revenues of approximately US$8.16 million in its 2017 financial year. The company reported that…

Spain, USA and UK researchers successfully create GM rice with HIV-neutralizing proteins

WORLD - An international team of researchers from Spain, the United States, and the United Kingdom has successfully created a strain of genetically modified (GM) rice that will produce HIV-neutralizing proteins. According to Crop Biotech, the scientists have been developing possible treatments for people infected with HIV. Their efforts to produce a vaccine against the…

Nigeria reports biotech cotton varieties allowing farmers access to biotech cotton seeds

NIGERIA – Nigeria has recorded a major breakthrough in crop biotechnology following official approval and registration of two Bt cotton varieties, allowing the farmers to access biotech cotton seeds. According to Crop Biotech, the registered Bt cotton varieties were MRC 7377 BGII and MRC 7361 BGII, and were approved by the National Committee on Naming, Registration…

World Food Programme picks Uganda as global food procurement hub

UGANDA - The World Food Programme (WFP), world’s number one Zero Hunger campaigner has picked Uganda as the global procurement hub, providing more than 1,000 grain farmers with opportunity to benefit from local procurements. According to the Monitor, WFP has constructed more than 70 silos in the country for post-harvest management as part of the…