AFRICAN & MIDDLE EAST NEWS

SOVIB will process locally grown grapes at a plant to be built in Bobo-Dioulasso, estimated to cost CFAF 9.8 billion (about US$16.75 million).

Its first African contract was in Ghana in 2015, supplying an ice production plant for Thai Union’s tuna processing facility in Tema.

The Indian food manufacturer plans a 1,100-tonne-per-day oilseed complex and investments in livestock, agriculture and manufacturing, targeting 100,000 jobs across Tanzania.

The 10-year programme includes 10 new sugar estates, $5bn in debt financing and farmer-led cane production, targeting lower import dependence and 110,000 jobs.

Drought, declining livestock numbers and elevated red meat prices are keeping pressure on Morocco’s meat supply chain.