NIGERIA – The budding agricultural commodity warehousing industry in Nigeria, which stakeholders estimate would be worth over N500 billion annually, would need legislative backing to achieve its full potential.
TANZANIA – The government has appealed to individual traders and agencies to buy and export surplus maize following bumper harvests of the grain experienced in the Southern Highland regions this year.
ZIMBABWE – A new grain milling company, Superfresh Foods, will from next week introduce 10kg super refined and roller meal to its King’s product range following an investment of $500 000, an official has said.
TANZANIA – There are fears that harvested maize to the tune of 300,000 tonnes may end up getting spoiled in Ruvuma Region alone due to farmers’ lack of knowledge on the procedures needed to export the produce.
NIGERIA – Honeywell Flour Mills plc recorded a 21 percent growth in its turnover of N55.08 billion for its fiscal year, April 1, 2013, to March 31, 2014, up from N46 billion in the last fiscal year.
NIGERIA – Honeywell Flour Mills plc has restated its determination to continue empowering small businesses, saying they are the engine of growth of the economy.
ZIMBABWE – Beverage manufacturer, Delta Corporation says it will invest at least $590 000 for the production of 2 000 tonnes of sorghum during the 2014/ 15 cropping season.
ZAMBIA – Chingola has a new maize milling plant that has a production capacity of 120 tonnes per day.
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.