NIGERIA – Flour Mills Nigeria (FMN), the country’s largest miller by market value, had its 2013 profit eroded by high interest costs as a result of capital expenditure incurred in its aggressive expansion across a wider spectrum.
ZIMBABWE – Tanzanian milling giant Bakhresa Group has applied to Government for a special exemption to equity laws to give it permission to acquire 75 percent stake in Blue Ribbon, sources said.
TANZANIA – Tanzania’s grain industry continues to be less competitive unlike that in other countries in the region, a latest report reveals.
NAMIBIA – The level of grain reserves levels in the four storage silos is now standing at 18 900 metric tonnes, said Meke Uushona, the Corporate Branding and Promotion Officer for the government’ Agri-Trade Marketing and Trade Agency (AMTA).
KENYA – Food fortification test has gone digital with industrialists switching to the use of iCheck test kit to measure micronutrients in food.
NIGERIA – About N16 billion worth of cassava flour would be needed by 2015, in the estimated 550 million (950g) loaves of bread valued at about N117 billion currently produced annually in the country.