ZIMBABWE – Zimbabwe has secured a $200 million loan facility from the Afreximbank for maize imports to avert hunger, central bank governor has said.
KENYA – The Competition Authority of Kenya (CAK) has cleared millers of price-fixing claims, throwing the government back to the drawing board in its bid to keep flour prices down.
NIGERIA – Honeywell Flour Mills Plc (HFMP), one of Nigeria’s leading milling companies has appointed of Mrs Oluseye Sandey to its Board in a bid boost the profile of the Board, and expand its capabilities.
NIGERIA – The Delta State government is determined to sell the multi-million naira Cassava Processing Factory limited to competent investors in its efforts to make investments from cassava outstrip the income from crude oil.
NIGERIA – Diverrsified commodity trader Olam International Limited has acquired Amber Foods Limited, a Nigerian miller and pasta producer for US$275 million.
ZAMBIA – Government has called on the private sector to invest in grain storage facilities as the Food Reserve Agency (FRA) silos can only hold 900,000 metric tonnes of cereal.
SOUTH AFRICA – SA may need to import as much as 5-million tonnes of maize this year, roughly half of its requirements, because of the worst drought in three decades, SA’s largest producer group said on Wednesday.
SOUTH AFRICA – Consumer brands giant Pioneer Foods believes new investment in its bakery division could unlock value in the 2016 financial year.
NIGERIA – Tiger Brands will divest its 65.7% stake in Tiger Branded Consumer Goods in Nigeria — previously Dangote Flour Mills — to Dangote Industries for a nominal $1.
ZAMBIA – The Zambia Co-operative Federation (ZCF) has received 100 more unit equipment for the setting up of solar-powered mini-milling plants across the country.