AFRICAN & MIDDLE EAST NEWS

New US$7M investment in Nestlé’s Harare factory expected to drive food security, job creation, and regional exports.

This significant delivery of high-quality rice marks the company’s official entry into the rice sector.

The highest-performing division was snacks, treats, and beverages, which experienced a revenue increase of 6.1%, driven by double-digit growth in products like Oros and Jungle health bars.

The deal, arranged by BNP Paribas and Crédit Agricole Corporate and Investment Bank (CIB), will fund key components of OCP’s US$13 billion Green Investment Program running through 2027

Wheat production, the country’s staple grain, is projected to fall 5.8% year-on-year to 19.6 million tonnes.