AfDB to pump US$300m in the development of agro-processing zones in Nigeria

NIGERIA – The African Development Bank is planning to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with US$300m. Senior Special Adviser on Industrialisation to AfDB President, Prof. Oyebanji Oyelaran-Oyeyinka, revealed […]

Nigeria to partner with AfDB to promote development of agro-industrial zones

NIGERIA – The African Development Bank (AfDB) says it will partner with the Federal Ministry of Agriculture and Rural Development to promote the special agro-industrial processing zones targeted at increasing food production capacity and promoting […]

AfDB explores potential partnerships with Chinese investors on agro-processing

AFRICA – The African Development Bank (AfDB) in Nigeria met a private sector consortium from China to help attract investment through partnerships in the development of special agro-Industrial processing zones (SAPZs) in Nigeria and across […]

Flour Mills of Nigeria’s shareholders approve merger of five subsidiaries

NIGERIA – Flour Mills of Nigeria Plc (FMN), an agro-allied company, has received approval from its shareholders to merge five of its subsidiaries with its holding company under a Scheme of External Restructuring. The merger […]

Kenya’s Nzoia Sugar Company to pay cane growers US$5.1m

KENYA – Kenyan sugar company, Nzoia Sugar Company, is set to pay sugar cane growers US$5.1 million for the produce delivered to the miller during the 2017/2018 financial year, reports Business daily. The company’s board […]

Global coffee prices to shrink as production increases

WORLD – International Coffee Organisation (ICO) reports that coffee prices are expected to further move southwards as the world production is expected to increase. According to the report by ICO, international market is expected to […]