NIGERIA – Massive investments in rice production by large and medium-sized corporations in the country have shot up annual domestic processed rice production to over four million metric tonnes valued at N800 billion, from 2.9 million metric tonnes valued N580 billion in the last two years.
TANZANIA – The Tanzania Food and Drugs Authority (TFDA) has registered only 12 giant enterprises to process and fortify food, despite the mushrooming of local food processors in the country.
ZIMBABWE – The Grain Marketing Board expects the stock feeds product range to contribute more than 30 percent to the board’s turnover.
KENYA – Weetabix East Africa Ltd is set to invest over Sh200 million in the expansion of its Nairobi factory, the UK-owned cereal maker has said.
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.