East Africa’s wheat prices to remain high on sharp drop in Ukrainian production

EAST AFRICA- The Economic Intelligence Unit (EIU), the research and analysis division of the Economist Group, is forecasting higher wheat commodity prices for East African countries due to their high reliance on Ukraine. According to EIU, while demand may slow, supply won’t rise high enough to put enough downward pressure on prices, following a sharp decline in grain production in…

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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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Ethiopia adopts wheat irrigation, ramps up fertilizer imports in bid to boost local production

ETHIOPIA – Ethiopia has embarked on an aggressive agricultural campaign seeking to raise the country’s wheat production in a bid to wean itself from exports which are increasingly becoming unreliable.  The country has so far covered 450,000 of the cultivated 800,000 hectares of land with wheat seeds during this winter as part of the country’s wheat production irrigation scheme. The…

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