Norfund invests US$21M in SAMANU to boost edible oils production in Ethiopia

ETHIOPIA-Norfund, the Norwegian Investment Fund for Developing Countries managed by 54 Capital, has announced a US$21 million growth capital investment into Ethiopia’s largest Fast-moving consumer goods (FMCG) platform SAMANU. SAMANU is a platform company with well-established brands operating in Ethiopia’s main FMCG sub-sectors (Tena Edible Oils, 555 and Aura Soap & Detergents, and Chef Luca wheat products). The investment is…

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Algeria to import 30% more wheat from France in first half of 2022/2023: FranceAgriMer

ALGERIA- French farm office “FranceAgriMer” has updated its outlook for French soft wheat exports to Algeria,  in the first half of the 2022/2023 commercial campaign by 30% North Africa is the second largest wheat purchasing center after the Middle East where Algeria and Egypt are the main drivers of the demand growth since cereal is their staple food. Besides, Algeria…

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Grain Marketing Board partners Buhler, Aftrade to modernize, expand grain storage capacity in Zimbabwe

ZIMBABWE – Grain Marketing Board, Zimbabwe’s leading grain trade and marketing company, is investing US$275 million in the expansion and modernization of its grain storage capacity in Zimbabwe. The project will include 8 new silo complexes with a total capacity of 451,200 tonnes for the benefit of the Grain Marketing Board (GMB) over the next three years. According to the…

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Tanzania nears sugar self-sufficiency with annual production exceeding 380,000 tonnes

TANZANIA – Sugar production in Tanzania is nearing self-sufficiency levels with annual production jumping by 70,000 tonnes to 380,000 tonnes, according to recent figures from the Sugar Board of Tanzania. Permanent Secretary in the Ministry of Investment, Industry and Trade, Dr Hashil Abdalah said that the impressive increase in sugar production could be directly attributed to the new factory in…

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Feed production in Africa drops by 3.86% in 2022 due to depressed output in Kenya, Egypt, and Nigeria: 2023 Alltech Agri-Food Outlook

AFRICA –  Africa experienced a decrease of 3.86% in feed tonnage (-1.718 MMT), mainly because of reductions reported in Egypt, Morocco, Kenya and Nigeria, the 2023 Alltech Agri-Food Outlook has revealed. South Africa, on the other hand, saw an increase of more than 2%, and Namibia also reported higher feed tonnage in 2022, indicating the report which is now in…

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