Financials & Economy
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Kenya maize subsidy scheme turns sour as legislators accuse millers of breaching supply contract
KENYA – Kenyan legislators have accused millers of breaching the subsidy deadline deal, a situation which might delay payment of KES2.9 billion (US$22 million) which…
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South Africa’s Premier Group revives plans to list on the Johannesburg Stock Exchange
SOUTH AFRICA – South African food producer Premier Group has announced plans to list in the Johannesburg Stock Exchange (JSE) with the intention of raising…
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Egyptian snacks giant Edita Food records US$31.3M in net profits for 2022
EGYPT – Edita Food Industries (EFI), Egyptian snacks giant, has more than doubled its net profit for the fiscal year 2022 which ended on December…
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Gavilon officially rebrands to Viterra in the US and Mexico after 2022 acquisition
USA- Gavilon has finally rebranded as Viterra across its business in the United States and Mexico, following Viterra Ltd.’s purchase of the grains origination and…
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Olam Agri’s 2022 revenue grew by 18.0% despite geopolitical risks and macroeconomic volatility
SINGAPORE- In spite of growing geopolitical risks and significant macroeconomic volatility in 2022, Olam Agri delivered revenue growth of 18.0% to US$36.9 billion. Olam Agri,…