Financials & Economy
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Honeywell Flour mills rebounds with US$32M profit, a 246% jump
This growth was largely driven by a marked improvement in operating performance and a recovery in profitability across the company’s flour-based product segments
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Northern Nigeria Flour Mills reports 25% pre-tax profit on robust wheat, maize sales
The strong revenue performance was primarily driven by the company’s wheat product segment, which contributed US$16.65 million
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Global grains, oilseeds trade hits US$330B in 2023/24 period – Rabobank
Since the launch of the grains and oilseeds map in 2003, significant global changes have occurred, leading to the emergence of new market dynamics.
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Guinea, Côte d’Ivoire discuss technical cooperation to improve rice cultivation
This initiative demonstrates the shared goals of Guinea and Côte d’Ivoire regarding food sovereignty and inclusive agricultural development, especially as both countries seek to reduce their reliance on rice imports.
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Mozambique anticipates 23% growth in its 2025 cashew production
In East Africa, Mozambique is the second-largest producer and exporter of cashew nuts, following Tanzania. The country’s cashew industry is set to experience a significant increase in production for the 2025 season.