Krotaj commissions new tahini processing plant in Ethiopia

ETHIOPIA- Krotaj Tahini Manufacturers Plc, a multinational joint ventrure of sesame experts, has commissioned a new tahini processing plant in Ethiopia. The processing plant will produce tahini, a value-added product from sesame seeds used as a snack or garnish for supply to the local and international market especially in the Middle East. The company said…

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…

Declining production pushes Kenya’s sugar imports up by 67%

KENYA – Kenya recorded 67% growth in sugar imports in January compared to the corresponding period in 2018 as local sugar production continue to plunge, reports Business Daily. According to Data from the Sugar Directorate, the country imported 36,674 tonnes of sugar in the month compared to 21,982 tonnes shipped into the country last year.…

South Africa’s Chicken Bird Holdings to invest US$150m in Zimbabwe

ZIMBABWE – Chicken Bird Holdings (CBH), a South African poultry and feed company and KFC franchise, has committed to invest US$150 million in Zimbabwe’s poultry and agricultural sector. Chicken Birds’s Chief Executive Officer, Mr Marthinus, noted that the company will invest in chicken production and abattoirs as well as maize and soya bean production. “CBH…

South Africa’s poultry products firm Quantum Foods reports 13.6% decline in earnings

SOUTH AFRICA – Quantam Foods, a feed and poultry products firm in south Africa, recorded 13.6% decline in its egg business during the first four months to January 2019, reports Business Day. Compared to earnings in the corresponding period of the previous year, Quantam had posted a significant decline in earnings which it attributed to…

Rwanda hosts African coffee expo as it seeks to boost sector

RWANDA - Rwanda will be hosting the African Fine Coffees Conference and Exhibition, an annual event hosted in rotation in Africa’s coffee producing countries, from 12-15 February 2019. The conference is aimed at deliberating on intervention to the challenges facing the continents coffee sector as well as explore the opportunities presented by the commodity. According…

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…

Tanzanian government pays US$225.6m to cashew nut farmers

TANZANIA – The Tanzanian government has so far released US$225.6 million for the purchase of more than 134 000 tonnes of cashew nuts from farmers, reports Daily News. According to Omar Mgumba, Deputy Minister for Agriculture the government paid the money directly to farmers’ accounts through the Cereals and other Produce Board of Tanzania (CPB).…

Nigeria sees competition and consumer protection bill signed into law

NIGERIA – Nigeria’s President, Muhammadu Buhari, has assented to the Federal Competition and Consumer Protection Act 2019 that seeks to ensure competitive trade in the country and ensure production of quality products reports Guardian. In a statement released by Senator Ita Enang, the new law repeals the Consumer Protection Council Act and sections 118-128 of…

Zimbabwe’s dairy producer Dendairy set to expand production

ZIMBABWE -  Dendairy Limited, dairy producer in Zimbabwe is set to commission three new packaging lines as part of its ongoing expansion drive as it seeks to boost its production capacity, reports The Herald. The dairy producer aims at increasing its production capacity from the current 4.6 million litres to about 8 million litres per…