Ethiopian industrial conglomerate invests US$1.64m in new flour milling plant

ETHIOPIA – The A.S.S.E.S. Industry Plc, an Ethiopian conglomerate, has invested US$1.64 million in establishing a modern wheat flour processing plant in Amhara Regional state, Ethiopia. Established on a 1,254 Square metre land, the new plant has a processing capacity of producing 82000 kilogrammes of wheat flour per day. According to Sema Melaku, assistant factory…

Ghana commences trade of soybean at commodity exchange platform

GHANA - The Ghana Commodity Exchange (GCX) has commenced the sale of soybean through the platform in a move to formalise and develop the value chain. Speaking during the launch of soybean on the Exchange platform, Dr Kadri Alfah, the Chief Executive officer of GCX said that the platform will improve the value chain, reports…

Zimbabwean government partners private investors to boost milk production

ZIMBABWE – The government of Zimbabwe is set to partner investors in the private sector to facilitate implementation of a comprehensive strategy that seeks to boost milk production in the country. The move is part of the government’s intervention to progressively reduce the 44.6 million litres milk supply deficit depicted in the country’s production of…

South Africa’s Kaap Agri reports 28.7% growth in revenues as conditions rebound

SOUTH AFRICA - Kaap Agri, South Africa’s agricultural retailing and service company, has reported a 28.7% growth in revenues to R4.4bn in the six months to end March 2019 supported by drought recovery in some operating regions. The Johannesburg Stock Exchange (JSE) listed firm however, said that gross profit in relation to revenue growth did…

Ghana embarks on efforts to revamp coffee sector, mulls new database

GHANA – The Coffee Federation of Ghana (CFG) has embarked on efforts that seek to revitalise the coffee industry in the country by rolling out initiatives aimed at increasing production of the commodity. As one of its mandates to support all aspects of the coffee value chain in Ghana through advocacy and networking, CFG has…

Tanzanian research institution receives financial support to boost grape farming

TANZANIA –The Tanzania Agricultural Research Institute (TARI) has received US$130 000 (Tzs 297m) from the Tanzania Commission for Science and Technology (COSTECH) aimed at capacitating the institute to boost grape farming in the country. According to a Daily News report, the funds will see the research institution acquire modern research technology as well enable a…

Stallion Group commissions modern rice milling plant to boost production in Nigeria

NIGERIA - Stallion Group, a Dubai-based conglomerate through its Nigerian Subsidiary, Popular Farms and Mills Limited, has inaugurated a new rice milling in Kano State, Nigeria, as it seeks to boost rice production in the country. Alhaji Suleiman Umar, the company’s National Programme Manager, said that the firm has invested about US$22.19million (N8bn) both in…

Tanzania coffee exports generate US$77.74m as production increases

TANZANIA – Tanzania coffee export generated US$77.74 million (Tzs 180bn) in revenues from the export of 65,000 tonnes of coffee in the 2018/19 crop season supported by increased production of the commodity. Speaking during a recently held national coffee stakeholders meeting, Primus Kimaryo Director General Tanzania Coffee Board (TCB) said that the country recorded 30%…

Kenya’s DL Group opens tea warehouse facility in Tanzania to boost regional trading

TANZANIA - DL Group of Companies Limited, a Kenyan based firm has invested in a tea warehouse facility in Dar es Salaam, Tanzania ahead of the proposed regional tea trading and export projects through the Dar es Salaam Port. According to a report by Daily News, Dr David Langat, the company’s executive chairman said that…

UK investor to establish US$2.97m tea processing factory in Kenya

KENYA – Tea farmers in the western region of Kenya are set to benefit from a US$2.97million (Shs 300 million) state-of-the-art tea processing factory from a United Kingdom-based investor in a move to rejuvenate the tea sector in the region. The tea factory will be the second in the western region in addition to Mudete…