Africa Food Manufacturing & Safety Summit (AFMASS) Conference & Expo – Western Africa edition

AFMASS Western Africa is the largest food, beverage and milling industry's largest conference and exhibition attended by key decision makers from Western Africa Africa to trade, network and learn the latest processing, packaging and safety technologies. Bringing together delegates and visitors from Nigeria, Ghana, Cameroon, Benin, Ivory Coast and surrounding countries in Western Africa, AFMASS…

AfDB approves US$23m to support agribusinesses in eight African countries

AFRICA - The African Development Bank (AfDB) through the Board of Directors of the Agriculture Fast Track Fund (AFT) has approved US$23 million grant to support agribusiness Small-and-Medium- sized Enterprises (SMEs) in eight African countries. The fund will be used to finance agribusiness in Ghana, Burkina Faso, Ethiopia, Malawi, Mozambique, Nigeria, Senegal and Tanzania with…

Nigeria’s Golden Guinea Breweries reopens operation after US$9.98m investment

NIGERIA - Golden Guinea Breweries Plc, a beverage manufacturing company in Nigeria has re-opened its plant following a US$9.98 million (N3.6bn) cash injection to rejuvenate the brewery. According to a Beverage Industry News report, production operations in the firm were cut short in 2003 which has since then been engaging in efforts of bringing back…

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…

Nigeria’s Grand Cereals inaugurates US$3.3m fish feed processing plant

NIGERIA - Grand Cereals Limited, subsidiary of United Africa Company (UAC) of Nigeria Plc, has commissioned a US$3.3 million (N1.2bn) fish feed processing plant as it seeks to boost the aquaculture sector in the country. Speaking during the inauguration ceremony, Mr Sanjeen Jain, the Acting Deputy Managing Director Grand Cereals Ltd., explained that the plant…

Nigerian Breweries issues US$41.67m commercial paper to support its short-term funding

NIGERIA – Nigerian Breweries Plc has announced the issuance of US$41.67 million (N15bn) Commercial Paper (CP) as part of its US$277.78 million (N100bn) commercial paper programme to support the company’s short-term funding. The funding follows the company’s board decision to pay out the entire net profit of US$53.89 million recorded in 2018 as cash dividend…

Ghana-based fast food chain Bourbon House opens first outlet in Nigeria

NIGERIA - Bourbon House Café, a leading Ghana-based fast food chain group, has opened its first coffee and eatery outlet in Nigeria in a bid to grow its footprint outside the country. Speaking during the launch, Mr. Ade Adebajo, the managing director at Bourbon House Café, said that the move is aimed at capitalising on…

Nigeria’s Coca-Cola bottler bags global water stewardship certification

NIGERIA – Nigerian Bottling Company (NBC), the Coca-Cola franchise bottler in the country, has received the prestigious Alliance for Water Stewardship (AWS) certification becoming the first African bottling plant to receive the award. AWS is a global membership organisation comprising businesses and investors that seeks to contribute to the sustainability of local water resources by…

USAID launches US$300m agribusiness investment initiative in Nigeria

NIGERIA – The United States Agency for International Development (USAID) has launched a US$300 million agribusiness investment initiative in Nigeria that seeks to promote private-sector investment in agriculture. Dubbed as the ‘Feed the Future Nigeria Agribusiness Investment Activity’ invest investment will be implemented under a new contract entered between USAID and the Cultivating New Frontiers…

Sweden packaging group to acquire Nampak’s Nigeria packaging business

SOUTH AFRICA – AR Packaging group has entered into a definitive agreement with South Africa’s Nampak for the acquisition of its Nigerian packaging business, Nampak Cartons Nigeria at an undisclosed amount. Nampak Cartons Nigeria, Subsidiary of the Johannesburg stock exchange listed firm, Napmak, engages in production of packaging material production for the food and consumer…