Ivory Coast receives US$200m blended financing from Proparco, EAIF for establishment of oil palm waste electricity project

IVORY COAST – Biovea Energie, an Ivorian incorporated firm owned by Électricité de France (EDF), Meridiam and Biokala, a joint venture created by Meridiam and a major agro-industrial player in West Africa, Sifca has closed a financing deal for its Biovea project in the country. The Biovea project which seeks to set up the first biomass power plant with grid injection in Africa, is set to receive Euros 165m (US$200m) loan and Euros 13m (US$15.76m) grant from Proparco, the subsidiary of the French Development Agency (AFD) group responsible for financing…

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Cargill begins construction of new palm oil facility in Indonesia to meet rising demand

INDONESIA – American global food corporation Cargill has announced that it is building a new US$200 million palm oil refinery in Lampung, Indonesia. The Lampung investment follows an announcement late last year of a US$20 million project to expand and modernise the company’s palm oil production facility in Port Klang, Malaysia. According to a statement from Cargill, construction work on the new facility has already begun and is expected to be completed late next year. Cargill says that recent years have seen strong demand for palm oil as its low…

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Zambian palm oil processor Zampalm increases local production while regulatory body ZABS supports cashew farmers

ZAMBIA – Zampalm, subsidiary of Zambia’s national development finance institution, the Industrial Development Corporation (IDC), is seeking to boost production of crude palm oil in the country, by on-boarding 1,000 beneficiaries into its out-grower scheme. The oil palm out grower scheme, was commissioned in 2019 by President Edgar Chagwa Lungu, to increase domestic production of palm oil and its by- products, in a bid to meet the rising local demand. According to Zampalm General Manager, David Subakanya, the processor targets to cultivate over 5,000 hectares by 2025 through the out-grower…

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Ghana to regulate oil palm sector, cocoa value chain actors and score performance of processing companies

GHANA – Ghana, through the Oil Palm Development Association of Ghana (OPDAG) under the auspices of Tree Crop Development Authority (TCDA), is set to regulate the oil palm sector to help transform and boost the economy through trading. The move, targeting to manage cultivation and pricing of the commodity, is also aimed to enhance market access for palm oil value chain players and ensure that finished products meet both local and international market standards, reports Ghana News Agency. “The license would help unveil bad practitioners of oil palm plantation to…

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Edible oil processor Bidco Uganda undertakes second palm oil production project to boost output

UGANDA – Bidco Uganda Limited, Uganda’s leading producer of edible oil and the only company that owns and operates palm oil plantation in East Africa, is seeking to double its output to 80,000 tons. BUL, jointly owned by Wilmar International, Josovina Commodities Pte Ltd. of Singapore and Bidco Africa Ltd. of Kenya, is already producing as much as 40,000 tons of palm oil from its Bugala island estate on Lake Victoria, reports Bloomberg. The company is establishing its second palm oil project on Buvuma Island and targets to have 1,000…

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Solidaridad, government of Nigeria signs MoU to improve oil palm production

NIGERIA – Solidaridad West Africa has signed a Memorandum of Understanding (MOU) with the Federal Ministry of Agriculture and Rural Development (FMARD) of Nigeria to develop the oil palm value chain.  With this, the two parties will collaborate based on mutual goals, interests, competency, expertise, and resources in the agricultural sector.  The collaboration aims to improve the productivity of the agricultural sector especially oil palm production and ensure that it contributes significantly to the Gross Domestic Product (GDP) of the country. “The MoU is a welcome development as it will…

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Ethiopia opens mega edible oil processing factory worth US$113.7m to meet domestic demand

ETHIOPIA – Ethiopia has inaugurated the new PhiBela Edible Oil Factory worth Birr 4.5 billion (US$113.7m) in the Amhara regional state built by the multi-sectoral company, Belayneh Kinde Group. According to reports by New Business Ethiopia, the facility with a daily production capacity of 1.5 million litres of palm oil is deemed to be the largest edible oil factory in the country to potentially cover 60% of the country’s demand when fully operational. It will play a significant role of stabilizing the domestic market of edible oil before venturing into…

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U.S. bans importation of palm oil from Malaysia’s FGV Holdings on alleged use of forced labour

USA – The United States has blocked importation of palm oil and palm oil products from a Malaysian producer FGV Holdings Bhd and its subsidiaries together with its joint ventures. The U.S. Customs and Border Protection (CBP) directed the issuance of a Withhold Release Order (WRO) against palm oil and palm oil products made by the company based on information that indicated it uses forced labor in its operation. FGV, one of the world’s largest crude palm oil producer and some other suppliers of the oil used in food and…

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Tanzania Agricultural Research Institute gets funding from government to boost palm oil production

TANZANIA – The Tanzania Agricultural Research Institute (TARI) has received Tsh.1.4bn/- (US$603,900) from the government to boost production of palm oil in the country. TARI was established to enhance the strengthening of agricultural research system and activities conducted by the National Agricultural Research System (NARS). The fund is aimed to facilitate research and production of sufficient oil palm seedlings for distribution to farmers, as well as disseminating the needed agronomic practices to cultivate the cash crop professionally. The seedlings will be distributed by TARI- Kihinga and TARI- Ilonga centres, reports…

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Unilever partners with tech company Orbital Insight to enhance traceability in palm oil sourcing

UK – Unilever, a consumer goods company, has teamed up with US-based tech company, Orbital Insight, to boost palm oil sourcing transparency. The collaboration is piloting technology that uses geolocation data to help identify and map the individual farms and plantations that are most likely to be supplying the palm oil mills in Unilever’s extended supply chain. This approach is touted by the company as bringing a “new level of sophistication to traceability” – one that has the potential to work on a massive scale. “This means we can get a much clearer…

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