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NIGERIA – Kwara, a state in Western Nigeria, has approved the contract for the construction of a 2.5 billion Naira (US$5.5 million) shea nut processing factory in the Kaiama local government area. The move is part of the state government’s efforts to hasten industrialization, provide more jobs for the people, and widen the state’s economic base. According to a report…
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MOROCCO – Kenzpat company, a subsidiary of the agri-food group Vita Holding Morocco, has commissioned a US$19 million pasta and couscous production facility in Skhirat, a seaside town in Morocco. According to a statement issued jointly by the Ministry of Industry and Trade and the company positions itself on the local wheat value-chain market as well as seizing export…
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USA – American multinational commodity trading giant Bunge is planning to invest US$550 million in the construction of a new facility soybean processing plant at its site in Morristown, Indiana, USA. The fully integrated soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) facility is aimed to meet customer demands on key ingredients in the production of plant-based foods,…
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AFRICA – The African Development Bank (AfDB) under its African Emergency Food Production Facility is committing US$90.91 million to support wheat and rice production initiatives in Sudan and Sierra Leone respectively. The African Emergency Food Facility, a segment of the AFDB was launched in May 2022 to help African countries avert the ongoing food crisis due to the disruption of…
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ZIMBABWE – National foods (Nat Foods), one of the largest food processing companies, in Zimbabwe, is bolstering its presence in the breakfast cereal category with a US$7 million investment in a new facility. According to William Kapfupi, National Foods managing executive, cereals unit, the new facility will broaden National Foods’ product range, cut the country’s reliance on imports and consolidate…
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