Amethis acquires minority stake in Senegalese food production company NMA

SENEGAL – Amethis, an investment fund manager dedicated to the African continent has made its first transaction in Senegal with the acquisition of a minority stake in one of the country’s leading FMCG company, Nouvelle Minoterie Africaine (NMA). NMA founded in 2000, produces and distributes animal feed, pasta and wheat flour and has rapidly grown thanks to an organic growth, combined with the acquisition of Moulins Sentenac in 2015. Its daily production capacity is 400 tons for the feed plant, 250 tons for the mill and 55 tonnes for pasta.…

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Rising appetite for meat to push animal feed enzymes market beyond US$1.88B mark by 2026

GLOBAL – Appetite for meat is rising across the globe and the demand for more meat is having a positive impact on the global animal feed enzymes market which is expected to grow substantially during the forecast period to meet the demand for more meat. According to a recent report by Polaris Market Research, the global animal feed enzymes market size is expected to is estimated to grow at a CAGR of 7.3 % from 2018 to 2026 to reach a market value of US$ 1.88 billion at the end…

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Agribusiness company JR Farms builds livestock feed processing plant in Zambia

ZAMBIA – JR Farms Limited, an agribusiness venture undertaking food processing, agro-commodity trading and agro-consultancy in Africa has injected about US$500, 000 in the establishment of a stock feed-processing plant in Zambia. The facility which is expected to be operational in the first quarter of this year, will focus on producing affordable livestock feed for poultry, cattle and goats among others. It will have a processing capacity of 20 tonnes per hour and avail 600 direct and indirect jobs for the local people in Makeni, Lusaka, reports Daily Mail Zambia.…

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Agritech startup MooMe secures investment from Maxula seed fund to support cattle farmers

TUNISIA – Maxula Gestion, a manager and distributor of the Startup Maxula Seed Fund, has announced a new investment in Startup MooMe, a decision-making system for farmers. With this investment, MooMe will create synergies with the company Nour Agricole specializing in the manufacture of cattle feed, in order to support thousands of cattle breeders and also help veterinarians to better manage their projects. Startup Maxula Seed Fund, to which the insurance company MAE (Mutuelle Assurance de l’Enseignement) and the Arab Tunisian Bank (ATB) are subscribed, mainly intervenes to help promoters…

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Zimbabwe hit by shortage of poultry feed caused by scarcity of maize

ZIMBABWE – Zimbabwe is facing shortage of stockfeed in the market brought by limited supply of maize, a major raw material in production of feeds. According to reports by NewsDay, poultry farmers are moving from one supplier to another in search for the major input for their business. The feeds have become such a rare commodity with most stores running low on stocks and others going even weeks without broiler concentrate or layers mash. With the inconsistency in supply, farmers have resort to make do with whatever brand and closest…

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Adisseo and Calysta’s Joint Venture to build world’s first commercial-scale single-cell protein production facility in China

CHINA –  Calysseo, an alternative protein  joint venture between worldwide animal nutrition leader Adisseo and protein innovator Calysta, is building a first facility in Chongqing, China. In a joint release, Adisseo and Calysta said that upon completion in 2022, the China facility is expected to become the world’s first commercial-scale production facility of single-cell protein. The facility is a paradigm shift in protein production as it uses no arable land and almost no water in its production, making it a completely new sustainable way of making alternative proteins. “Calysseo’s facility…

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Zambeef reports US$1.4m loss before tax despite rise in revenue

ZAMBIA – Zambian Integrated cold chain food products and agribusiness company Zambeef, has reported a rise in revenue by 23.6% in Kwacha terms and a 5.8% decline in US dollar terms in the full year period ended 30 September 2020, to ZMW3.9 billion (US$239.6 million). The company earned gross profit of ZMW1.22 billion (US$75.2 million) which was up in Kwacha terms by 12.4% but down by 14.4% in US dollar terms. According to the LSE listed company, the revenue and profit growth was achieved in the face of a challenging…

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IFAD pumps US$15m to develop Rwanda’s livestock value chain

RWANDA – The IFAD through the Partnership for Resilient and Inclusive Small Livestock Markets (PRISM) programme has launched Rwf15-billion (US$15m) project in Rwanda, aimed to develop the country’s livestock value chain. The five-year project is co-funded by IFAD and Enabel, a Belgian Development Agency and will be is implemented by the Rwanda Agriculture Board (RAB). It seeks to resolve the shortage of animal feed in the country by making available the key raw materials for producing the feeds i.e. maize and wheat, which are also in high demand by the…

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De Heus acquires Spanish animal nutrition company to accelerate growth

SPAIN – Dutch animal nutrition company, De Heus Animal Nutrition has signed an agreement to acquire Spanish animal feed manufacturer, Piensos Muga for an undisclosed amount. De Heus said that the acquisition of Piensos Muga, effective from June 29th, is an important step for the company to strengthen its leading position as supplier of animal nutrition products in Northern Spain, a key region to the Spanish livestock sector.  Founded in 1992, with an annual capacity of 80,000 tonnes, Piensos Muga specialises in the development and production of a complete range…

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De Heus Animal Nutrition acquires ADM’s compound feed operations in Indonesia

INDONESIA – Dutch animal nutrition company, De Heus Animal Nutrition has completed the acquisition of the compound feed operations of Neovia Indonesia (PT Welgro Feedmill and PT Wirifa Sakti) from ADM. The acquisition further strengthens De Heus’ position in Indonesia with two compound feed mills located in West-Java and East-Java that generated total sales volume of 125,000 tonnes in 2019. Neovia Indonesia focus mainly on the poultry, aqua and swine feed segments. It is estimated that the size of the animal feed market in Indonesia will increase from 19 million…

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