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AFRICAN & MIDDLE EAST NEWS
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Rasheed Sarumi to gain US$46M in Presco palm oil deal
Rasheed Sarumi’s US$46-million gain from Presco’s acquisition of Saro Oil Palm underscores the deepening connection between Nigeria’s corporate elite and the country’s agricultural trajectory, while reigniting debate over governance standards, inclusive growth, and fair wealth distribution within the sector.
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Nigerian farmers blame cartels, middlemen for soaring rice prices
A 50 kg bag of local rice currently sells between US$43 and US$53, up from US$30 to US$36 just two months ago.
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Senegal, Turkey partner on 500-hectare maize farm to boost local output
Turkey’s TIGEM will develop a 500-hectare maize farm in Senegal under a public-private partnership.
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Middle & West Delta Flour Mills posts US$13.8M profit in FY2024/25
During the first half of FY 2024/2025, net profit reached US$ 5.3 million.
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Checkers Sixty60 partners with Krispy Kreme to unveil co-branded doughnut range across South Africa
The new doughnuts are hand-dipped in icing and adorned with sprinkles and edible decorations that celebrate the Sixty60 brand.