AFRICAN & MIDDLE EAST NEWS
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Angolan milling company AP Foods partners with Webcor Group to increase pasta production, distribution
ANGOLA – The Webcor Group, one of Angola’s leading players in the agricultural commodities and business line, has signed a partnership agreement with AP Foods…
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Ugandan dairy processor Pearl Dairy lays off 1500 workers as milk ban bites hard
UGANDA – Uganda’s leading dairy processor Pearl Diaries has been forced to lay off over 1,500 workers following stifled milk market access, after Kenya imposed…
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FrieslandCampina enters fast growing Africa cheese market, forms JV with Egyptian Domty
EGYPT – The Dutch dairy co-operative, FrieslandCampina has partnered with the Arabian Food Industries Company, popularly known as Domty to establish a joint venture that…
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Amethis acquires majority stake in Moroccan distributor of irrigation systems Magriser Group
MOROCCO – Africa-focused private equity firm Amethis has expanded its portfolio with an investment in Magriser, a pioneer in the distribution and installation of turnkey…
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Zimbabwe’s National Foods reports 25% rise in volume on back of reduced inflation
ZIMBABWE – National Foods, one of Zimbabwe’s largest food manufacturer has reported a 766% rise in half year revenue to ZWL 12.682 billion (US$35m) in…