Financials & Economy
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Baking and dairy ingredients specialist Synercore secures US$4.7M from Norfund to fund expansion plans
SOUTH AFRICA – Norfund, the Norwegian investment fund for developing countries, is investing ZAR 80M (US$4.7M) in convertible debt in the expansion plans of Synercore…
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Evonik invests US$27.3M to upgrade German methionine intermediates plant
GERMANY-Evonik, a world leader in specialty chemicals, has invested €25M (US$27.3M) in developing and expanding its methyl mercapto-propionaldehyde (MMP) production plant, an organic compound that…
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ADM reports 60% jump in full-year profits, forecasts strong crush margins and high demand in 2023
USA- Archer-Daniels-Midland Co, (ADM), a major U.S. grains merchant, has posted an annual net income profit of US$4.34 billion, a record 60% jump when compared…
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Gavin Hudson resigns as Tongaat Hulett CEO amid delayed business rescue plan
SOUTH AFRICA-Gavin Hudson has resigned as CEO of Southern Africa’s biggest sugar group Tongaat Hulett effective February 28 adding another blow to the company’s business…
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Boon for shareholders as South Cairo and Giza Mills achieves US$278,000 net profit in Q2 of 2022/23
EGYPT- South Cairo and Giza Mills and Bakeries Company (SCFM), one of the leading milling companies in Egypt, has achieved net profits of EGP 8.35…