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AFRICAN & MIDDLE EAST NEWS
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Presco Plc reports US$34.63M pretax profit in Q2 2025, underscoring palm oil increase
This growth was driven entirely by sales of crude and refined palm oil products.
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Cadyst Group finalizes acquisition of two subsidiaries of Somdia Group expanding regional footprint
The move strengthens Cadyst Group’s presence in Cameroon and Congo, expanding footprint in Central Africa.
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Egypt raises local wheat procurement to 4 MMT in 2025 harvest drive
The government had aimed to procure between 4mln and 5mln tons of wheat from the local harvest, which it estimated at a total of around 10mln tons
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Sahel Capital backs Cameroon’s Nulla Group with US$1.5M loan to strengthen maize value chain
Nulla Group works with a vast network of smallholder farmers, providing them with access to fair markets.
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First Mills expands into animal feed with US$20M acquisition of Al-Manar Feed Company
The financial results of the acquisition will be reflected in the company’s third-quarter 2025 consolidated statements