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SOUTH AFRICA- Nambu Group, a speciality in converting food waste into high-value protein feed has secured funding from South African Impact investor E Squared Investments to upgrade and expand its facilities. Founded by Allan Gray Fellow Founder and CEO, Lowell Scarr, Nambu Group upcycles food waste by feeding them to insects which are then converted into high-value protein feed for…
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AFRICA-Fall army warms (Spodoptera frugiperda) continue to endanger the majority of Africa’s maize crops according to new research published in Frontiers in Insect Science journal. This study was conducted by scientists from the University of Minnesota’s GEMS Informatics Center, and CABI’s Dr. Roger Day, Global Advisor, Plant Health. Outbreaks of fall armyworms in Africa were first observed in southwest Nigerian…
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NIGERIA – Global maize prices will decrease by 8% while prices for wheat, which were anticipated to rise by 36% in 2022, will slightly fall in 2023, according to the Annual Commodity Outlook by AFEX. The report further indicated that the fertiliser index which rose by 66% in 2022, is projected to decline by 12% in 2023 as supply disruptions…
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KENYA – The government has issued licenses to private traders to facilitate the importation of 10 million bags (about 900 metric tonnes) of duty-free maize into to the country. Philip Harsame, the Agriculture Principal Secretary said that already licenses have been issued to 20 traders to import white maize and 50 to import yellow maize to reduce the retail price…
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KENYA-The UK government has launched the construction of a KS2.3 billion (US$18.5M) production facility for Irish and sweet potato processing in Kenya. The processing facility located in Iten, Elgeyo Marakwet County, will process fresh and frozen Irish and sweet potatoes and is expected to have a capacity of 60,000 tonnes. Once completed, the factory will be the first in the…
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SWEDEN-The Swedish agritech company BoMill AB has launched a grain sorting solution brand BoMill InSight™, the first equipment of its kind, capable of sorting individual grains on their inner properties on a commercial scale. BoMill InSight features advanced grain sorting solution capabilities allowing for segregation of grains kernel by kernel, at an industrial speed of up to 15 metric tons…
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EGYPT- South Cairo and Giza Mills and Bakeries Company (SCFM), one of the leading milling companies in Egypt, has achieved net profits of EGP 8.35 million (US$278,000) during the second quarter (Q2) of the fiscal year (FY) 2022/2023, according to financial indicators filed to the Egyptian Exchange (EGX) on Monday. South Cairo & Giza Mills & Bakeries Company is a subsidiary…
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INDIA-Wheat prices in India have fallen nearly 13 percent following Prime Minister Narendra Modi’s government decision to release 3 million tonnes to bulk users such as flour millers. Following the directive, wheat prices in New Delhi fell to Rs 28,290 (US$347.11) a tonne, down 13 percent from last week’s high owing to low stocks. The decision did not however have…
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