Bakkavor announces US$13.9m strategic acquisition of Haydens Bakery

UK - Bakkavor Group plc, the leading provider of fresh prepared food, has announced the acquisition of Haydens Bakery Limited from Real Good Food PLC, a deal valued at US$13.9 million. According to the company, the acquisition of Haydens increases the breadth and depth of our desserts range, extending our offering in in-store bakery, as…

U.S. seeks to push African countries to adopt GM crops

AFRICA - The United States is seeking African governments’ approval of genetically engineered (GMO) products given various restrictions on GMO imports in various African countries. TheEastAfrican has reported that a Trump administration official is visiting Africa to promote acceptance of the engineered crops as a way to meet the continent’s food needs while also fostering…

Cargill doubles volume of sustainable sourced cocoa to benefit farmers in Ghana

GHANA- The food, agriculture and industrial products company Cargill has doubled the volume of sustainable cocoa sourced with an estimated 13,000 cocoa farmers who benefit from its own licensed buying company (LBC) initiative. Cargill has initiated direct sourcing of the commodity, and this is a 30% increase from the 10,000 farmers from last year. The…

USAID supports Tanzania to develop new technology to fight aflatoxin

TANZANIA - Tanzania, with the support from the United States Agency for International Development has developed a new technology that reduces aflatoxin contamination in food by 80-90%. The technology known as Aflasafe TZ helps to reduce contamination of the poisonous chemical in both food and animal feed thus, rendering them safe for human consumption. Developed…

Agric import substitution scheme receives US46m beef facility from Homelink Group

ZIMBABWE- Zimbabwe’s special maize import substitution scheme, Command Agriculture has received more private sector financiers including  Homelink Group, a subsidiary of the Reserve Bank of Zimbabwe (RBZ) who have provided US$6 million facility focusing on beef production. Other investors include National Foods Limited, Northern Farming, Staywell (Trading) and chicken producer Irvine’s Zimbabwe which is supporting…

State reopens closed Abakaliki rice mill over poisonous and adulterated rice

NIGERIA - The State Government of Ebonyi has ordered the reopening of Abakaliki Rice mill which was closed due to discovery of adulterated and poisonous rice in the mill, according to This Day Nigeria. The move follows an investigation by the state government into rice millers which revealed Abakaliki was involved in the production and…

Universal Bank and Central Sugar signs US$10.8m deal for a new starch factory

GHANA - The Universal Merchant Bank (UMB) and Central Sugar Company Limited have signed a US$10.8 million agreement to establish a factory that would process cassava into starch for export. On completion, the factory aims to process 200 tonnes of cassava on a daily basis and is expected to employ about 115 persons and 2,000…

Liberia initiates probe into the alleged availability of plastic rice on the market

LIBERIA - The Ministry of Commerce and Industry of Liberia has started investigations into the alleged availability of fake rice (rice made from plastic) on the Liberian market. According to the NEWS, the move followed claims from social media that plastic rice was being sold in the country, prompting the ministry to contact all of…

New Zealand launches US$40m scheme for sustainable growth in the food industry

NEW ZEALAND - New Zealand’s agriculture minister Damien O’Connor has launched a new US$40m-a-year scheme to grow the food and beverage industry sustainably and as a way to meet food and nutrition needs in the country. The minister said the nation needed to move from 'volume to value' and this sector which delivered more than…

Adani gets lenders nod for US$858m acquisition of edible oil manufacturer Ruchi Soya

ASIA - Adani group, owner of edible oil brand Fortune has received approval from lenders to acquire India’s largest edible oil manufacturer Ruchi Soya for US$857.93 million, ET Retail reported. Race to take over the debt-ridden edible oil firm also involved Indian consumer goods company Patanjali group but the committee of creditors (CoC) approved Adani Wilmar’s,…