AFRICAN & MIDDLE EAST NEWS
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Egypt inaugurates US$48.52M strategic food warehouse project
EGYPT – Minister of Supply and Internal Trade Ali El-Moselhy has inaugurated a new phase of the national project to build strategic warehouses for food…
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AFEX inks MoU with Ghana Commodities Exchange for collaborative commodities trading
NIGERIA- AFEX, Nigeria’s leading commodities player, recently signed a Memorandum of Understanding with Ghana Commodities Exchange (GCX), to strengthen the commodity trading ecosystem between the…
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FMN suffers operation profit loss of US$12m despite impressive revenue
NIGERIA – Flour Mills of Nigeria PLC has recorded a sluggish operating profit due to a foreign exchange loss of N22.5 billion (US$29M) in the…
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Kentaste, US agency partner to launch US$1.6M project catapulting firm into US nut market
KENYA – Kentaste, a Kenyan coconut processor has partnered with the US government to launch a US$1.6 million combined investment project to expand the processor’s…
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Tanzania schemes tapping into agricultural technology to double rice yield by 2030
TANZANIA – Tanzania is envisaging significant changes in the use of agricultural technology to enable an increase in rice production from less than 2.5 tonnes…