Right here’s the most recent in ESM’s common collection, Notes From Africa, which brings you the most recent retail, shopper items, and food-and-beverage tales from throughout the African continent. Previous editions could be discovered right here.
Zambia: Seba Meals Secures $10m Mortgage
In Zambia, the U.S. Improvement Finance Company (DFC) has granted a $10 million mortgage to agribusiness agency Seba Meals. This financing will assist the enlargement of the Zambian agency’s meals manufacturing and storage capability, strengthening the nation’s meals worth chain with its shopper merchandise primarily based on native flours.
Nigeria: Plan for 30,000-Hectare Rice Farm Unveiled
In Nigeria, the Sujimoto Group, a luxurious actual property developer, plans to ascertain a 30,000-hectare rice farm in Enugu State. The Sujimoto Farm Property will even embrace the set up of a paddy processing plant able to producing round 800,000 tonnes of milled rice yearly.
This new agricultural mission goals to extend rice manufacturing, enhance self-sufficiency, and stimulate the state’s financial development by creating over 10,000 jobs, notably for younger individuals and ladies.
Kenya: Naivas Unveils New Outlet
Kenyan grocery store chain Naivas has inaugurated a brand new retailer alongside the Thika Highway freeway, marking its second retailer opening this yr and bringing the entire variety of Naivas shops to 103. This enlargement coincides with Quickmart, its shut rival, racing to achieve market share with the opening of its sixtieth retailer in Narok city. Established in Nakuru in 2006, Naivas employs a workforce exceeding 7,000 staff and at present operates in 16 counties.
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Cameroon: Commissioning of Wheat Flour Mill Plant
In Cameroon, a wheat processing plant has been commissioned in Douala. Constructed by the Turkish industrial group Imas, the plant belongs to the miller World Meals Business. It has the capability to course of 160 tonnes of wheat per day into flour.
This new mission ought to allow the corporate to fulfill the inhabitants’s wants and prolong its presence within the nation, the place it already has a unit with the identical processing capability, scheduled for supply in 2021.
Nigeria: Nestlé Nigeria Reviews Web Lack of $49m
Nestlé Nigeria, the native subsidiary of meals large Nestlé, reported a web lack of ₦79.5 billion ($49 million) throughout its operations within the monetary yr 2023, in comparison with a revenue of over ₦ 49 billion ($31 million) a yr earlier. This consequence comes regardless of a 22.4% improve in gross sales to ₦547 billion ($336 million) and a 42% rise in working revenue to ₦ 123.7 billion ($80 million).
Financing prices elevated tenfold to 227 billion naira, whereas international change losses had been estimated at ₦ 195 billion ($119.5 million). Nestlé Nigeria produces and markets a number of manufacturers, together with Maggi, Milo, Nescafé, and Nestlé Pure Life.
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Egypt: Launch of New Poultry Processing Plant
In Egypt, Cairo 3A for Poultry, a subsidiary of the Cairo 3A agri-food group, inaugurated a poultry processing plant within the industrial zone of the city of 10 Ramadan within the Sharkia governorate. Costing a complete of 600 million kilos ($19.4 million), this new unit is provided to provide 9,000 tonnes of poultry merchandise yearly, together with nuggets, fillets, and complete chickens.
This potential is about to be doubled to 18,000 tonnes over the subsequent few years. This new funding ought to allow the corporate to extend native manufacturing to fulfill home demand for poultry merchandise whereas supporting export alternatives.
