EBRD funds Al Dahra US$5.6m to boost olive oil production in Morocco

MOROCCO – The European Bank for Reconstruction and Development (EBRD) has announced that it is providing a MAD 55 million (US$5.6 million) loan to support the expansion plan of Al Dahra Holding subsidiaries in Morocco, […]

Cameroon seeks IDB’s US$106.9m financing to boost soybean and cotton seed processing

CAMEROON – The government of Cameroon is seeking XAF64.3 (US$106.9m) financing from The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank Group (IDB) for acquisition of soybean and cotton seed for […]

Victory Hemp Foods forms strategic partnership with Applied Food Sciences

USA – American hemp ingredients company, Victory Hemp Foods has entered into a strategic partnership with food ingredients supplier, Applied Foods Sciences to elevate sales and marketing for its food and beverage ingredients. Victory Hemp’s […]

Wilmar embarks on construction of US$81m crude vegetable oil refinery in South Africa

SOUTH AFRICA – Construction of the R1.3 billion (US$81m) Wilmar Processing South Africa project, subsidiary of Asia’s leading agribusiness group Wilmar International is set to start this month with completion to be in April 2022. […]

Bidco Africa forms joint venture to promote commercial oil crop farming in Kenya

KENYA – Bidco Africa Group, one of the leading consumer good company in East Africa has rolled out a joint venture with the County Government of Nakuru, Central Kenya to promote adoption of commercial farming […]

Nigeria’s Edo state partners with CBN, farmers to revive non-performing oil palm belt

NIGERIA – The Edo State Government has partnered with the Central Bank of Nigeria and farmers in the revival of the Urhonigbe oil palm belt at a cost of N91.3 billion (about US$253.04 million). A […]

AAK acquires majority stake in Russian food company Margaron

RUSSIA – Swedish manufacturer of value-adding specialty vegetable fats and oils, AAK has acquired 75% of NPO Margaron, a producer of margarines, spreads, and bakery and confectionery fats, based in St. Petersburg, Russia. Margaron has […]

International suppliers close tap on Zimbabwe’s manufacturer spear headed by legacy debts

ZIMBABWE – International suppliers of crude oil for the manufacturing of cooking oil have closed the tap on one of Zimbabwe’s biggest cooking oil manufacturer, Surface Wilmar following its failure to settle legacy debts. Lack […]

Blue Band expands its portfolio with the launch of three new products

KENYA – Upfield, the manufacturers of the Blue Band margarine, has unveiled three new range of products in the Kenyan market an addition to its portfolio. The newly-launched products include, Blue Band Peanut Butter, Blue […]

ADM to expand production of soy protein concentrate in Netherlands

NETHERLANDS – ADM is expanding the production of soy protein concentrate at its facility in Europoort, Netherlands, to enable the company meet the significant growing demand for plant-based proteins in the European market. The food […]