Here’s the latest in ESM’s regular series, Notes From Africa, which brings you the latest retail, consumer goods, and food-and-beverage stories from across the African continent. Past editions can be found here.
Ghana: Koa Secures $15 Million for Expansion
In Ghana, agrifood company Koa has secured $15 million from a group of investors to fund its expansion. The funds will be used to finance the growth of the company, which adds value to cocoa pulp.
Koa, having inaugurated a $10 million cocoa pulp processing plant in 2023, aims to reinforce its marketing and distribution activities while intensifying its fruit recycling operations.
Tanzania: Completion of a Cashew Nut Processing Plant
In Tanzania, Mirae Green Chemical recently completed the construction of a cashew nut processing plant in the Dundani industrial park, Mkuranga district.
Costing a total of $5 million, this new plant can process between 3,000 and 4,000 tonnes of raw cashew nuts annually. It will also process cashew nut shell liquid (CNSL) and charcoal, both by-products of hard shell cashews. Tanzania is the largest cashew nut producer in East Africa.
Mozambique: Dowson Limitada Secures $10 Million Investment
In Mozambique, agribusiness company Dowson Limitada has received a $10 million investment from UK-based investment firm AgDevco.
The company, specialising in macadamias and avocados, plans to utilise this capital to expand production in the country over the next five years. Dowson Limitada also aims to access new export markets.
Uganda: Kenchic Limited Inaugurates Hatchery
Kenyan poultry giant Kenchic Limited has launched a hatchery in the Namanve Industrial Park in Uganda. Costing a total of 13.3 billion Ugandan shillings ($3.5 million), the new facility will primarily focus on the production of improved poultry breeds.
This investment is expected to enable the company to produce between 300,000 and 500,000 chicks per week, creating over 1,000 jobs by the end of 2024. The hatchery is anticipated to significantly increase the supply of chicks to the market and support farmers in expanding their activities to meet the growing demand for poultry products.
Morocco: Imandy Mills Unveils A Semolina Production Plant
In Morocco, Imandy Mills, a subsidiary of the Africa Feed and Foods Group, has commissioned a turnkey semolina production plant. Constructed by Alapala, the Turkish milling equipment giant, the new production plant has a capacity of 240 tonnes per day for processing durum wheat, maize, and barley, with a grain storage capacity of 120,000 tonnes.
As a result of this investment, Imandy Mills is poised to strengthen its presence in the growing market of wheat-derived products.
Côte d'Ivoire: Cashew Nut Processing Plant To Be Developed
In Côte d'Ivoire, ARISE Integrated Industrial Platforms (ARISE IIP), a pan-African industrial park developer and operator, has signed a memorandum of understanding with agribusiness company Sonata to construct a cashew nut processing plant. Priced at £100 million, the facility will span 15 hectares in the Arise Industrial Economic Zone (IEZ) of Abidjan PK24.
Once operational, the unit is set to process 100,000 tonnes of cashew nuts annually. The project is anticipated to generate 3,500 direct jobs. In 2022, Côte d'Ivoire processed less than 25% of its total cashew harvest.
Article by Espoir Olodo.