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AFRICAN & MIDDLE EAST NEWS
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Tanzania’s NFRA to invest US$460M in grain storage, boost procurement systems
The funding will be directed toward building new storage infrastructure, refurbishing existing warehouses and establishing mechanization centers
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Oman Flour Mills invests US$15.6M in local wheat procurement, launches first 100% Omani flour
As part of this long-term strategy, OFM recently introduced Flour 1, its first flour product made entirely from Omani wheat
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Kenya, Korea partner to strengthen local rice seed systems in a bid to cut imports
Over the next five years, approximately KES 2 billion (US$ 15.4 million) will be invested in research, land development, seed multiplication, and post-harvest handling
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Rising global demand positions Nigeria’s palm oil industry for US$105M profit in 2025: Afrinvest West Africa
The report projects a 38.8% year-on-year growth in profit before tax (PBT) from ₦166.8 billion (US$108.6M) in 2024 to ₦231.5 billion (US$150.7M) in 2025.
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Ghana unveils US$50 million Redgold Oil Palm Plantation Project: Onesta Ghana Limited
The Redgold Oil Palm Plantation Project (ROPP) is aimed at boosting palm oil production.