Tanzanian government calls on investors in edible oils as demand increases

TANZANIA – The Tanzanian government is seeking for investors in the edible oil sector to process and supply the product to the local market in a bid to meet the increasing demand, reports The East African. The government through the Tanzania Investment Centre (TIC) said that the call is aimed at enabling the country meet…

IDC Zambia launches palm out-grower scheme to boost local capacity

ZAMBIA – Industrial Development Group of Zambia (IDC), which controls the majority stake at ZamPalm Ltd, has launched palm out grower scheme as part company’s ambitions to boost palm oil production capacity in the country. Speaking during the launch of the out-grower scheme, Mr Mateyo Kaluba IDC Group Chief Executive Officer said that the firm…

Gulf Capital invests US$22m in Tunisia’s olive oil producer CHO Company

TUNISIA – Gulf capital, a Middle East – based asset management firm, has invested US$22 million in Tunisia’s largest organic and natural olive oil producer, CHO Company. Abdelaziz Makhloufi, founder and chairman of CHO Company, said that the funding will facilitate the company’s growth and expansion plan and infiltration into the global market. “Gulf Capital’s…

Canada to invest US$29m in crop research and innovation in 5 years

CANADA – The Canadian government has unveiled US$29.61 million (C$39.3 million) funding to enhance research and innovation in crops such as barley, wheat, diverse field crops and soybeans over the next five years. The funding is part of the Canadian Agricultural Partnership and comprises industry contributions worth US$21.40 million for a total of US$51 million.…

Unilever Ghana invests US$12m in new infrastructure and factory plants in 2 years

GHANA -  Unilever Ghana has said that it has invested more than US$12.27 million (GH¢60 million) in new infrastructure and factory plants over the last two years, cementing its leadership position in the country's consumer goods segment, reports GNA. The investment has seen the multinational company commission new personal care dryer plant, Biomass Boiler plant…

Cargill appoints Jon Nash to lead North American protein business

USA – The agribusiness giant, Cargill has selected on Nash to lead its North American protein business effective March 1, 2019. He will report to Brian Sikes, who was recently appointed to the executive team as leader of the company’s global protein and salt businesses. Prior to his appointment, Nash was the president of Cargill’s…

ADM secures right to distribute GSL’s tapioca starches in EMEA region

EUROPE - The Archer Daniels Midland Company (ADM) has announced a long term partnership with Thailand based tapioca starch producer, General Starch Limited (GSL), to distribute the range in Europe as well as the Middle East and Africa. The agreement gives ADM exclusive distribution rights of the GSL modified tapioca starch products, which it will…

China’s COFCO shuts down edible oil refining plant in Argentina

USA – China’s grain and commodity merchandiser has closed down a soybean and sunflower refining plant in Argentina blamed on trade and economic crisis in the country. The plant located in Lanus, Buenos Aires is said to have been struggling in operations, partly impacted by the U.S.-China trade war that has led to market and trade…

Cargill plans US$37m investment at Iowa soybean plant

USA – The global agricultural behemoth, Cargill has proposed a US$37.62 million investment at its soybean processing plant in Cedar Rapids, Iowa, according to The Gazette report. Cargill is planning to use the funding in upgrading, expansion and modernization of the facility located at 410 C Ave. NE, in an industrial section north of downtown…

Tanzanian government to set up sunflower oil processing plant

TANZANIA - The Tanzanian government has said it will establish a sunflower processing factory in Dodoma as part of the government’s initiative to increase value chain of products, reports Daily News. The Minister of Agriculture, Mr Japhet Hasunga said that the project is aimed at eliminating importation of cooking oil to sustain the local market,…