NIGERIA – 8 Miles, the UK-based, Africa-focused private-equity firm chaired by Sir Bob Geldof, believes its latest investment, Nigerian biscuit firm Beloxxi, can expand further across the continent.
KENYA – Agro food suppliers in the region will benefit from an expanded market thanks to an initiative by the Comesa Business Council on enhancing market linkage.
SOUTH AFRICA – South Africa’s worst drought in decades has cost the country billions of rand in lost export revenue, data showed on Friday.
EGYPT – Edita Food Industries plans to establish a new factory in 6th of October City for raw materials and food products in early 2017 with an investment of EGP 50m.
NIGERIA – Flour Mills of Nigeria has registered plans with regulators to raise up to N40 billion ($128 million) in equity over the next three years, its chief financial officer said on Tuesday.
ZAMBIA – Nakonde will soon have the first ever milling plant set up at a cost of K900,000. The plant will operate as Nakonde Milling.
SOUTH AFRICA – South Africa has upgraded its forecast for the 2016 maize crop — an outcome that would help ease high food inflation.
NIGERIA – The Flour Millers Association of Nigeria (FMAN) and Wheat Farmers Association of Nigeria (WFAN) have signed a Memorandum of Understanding (MOU) to collaborate on measures to boost wheat production in the country.
KENYA – Millers want the government to introduce a subsidy for local wheat to make it cheaper and lower the cost of grain products.
KENYA – A millers’ lobby has said its members have cut back production to 39 per cent of capacity as maize shortage bites, pushing up unit cost of production.