Here is the latest MYfrom the regular series, Notes from Africa, which brings you the latest retail, consumer goods and food and drink stories from across the African continent. Previous editions can be found here.
Ghana: Komenda Sugar Factory to resume operations in April
Ghana’s Komenda Sugar Factory (KSF) will resume operations by April. Located in the center of the country, the unit has a crushing capacity of 1,250 tonnes of sugar cane per day. It will be supplied with raw materials from a plantation of more than 8,000 hectares in Wassa Fiase, in the western region. Authorities say the factory will create 7,300 jobs and is expected to help reduce the country’s sugar import bill, estimated at $154 million in 2020.
Tanzania: a clove oil factory will be launched in October 2022
Indonesian natural ingredient supplier Indesso plans to set up a clove oil extraction unit in Tanzania by October 2022. The plant is expected to be located in Muheza district, Tanga region. It should source its raw materials from 1,200 farmers. Tanzania is the world’s third largest producer of cloves, behind Indonesia and Madagascar.
Egypt: Majid Al Futtaim to invest $16 million in new Carrefour stores
Dubai-based retail company Majid Al Futtaim has announced plans to invest 250 million Egyptian pounds ($16 million) in the launch of ten new Carrefour stores across Egypt. The group, which is the exclusive franchisee of the Carrefour brand in the region, will thus bring the total number of its stores on the Egyptian market to 69. Carrefour is currently the fourth player in the Egyptian distribution market, behind Kazyon, BIM and the Mansour group.
Sudan: Ocrim will build a wheat processing plant
The Italian group Ocrim plans to set up a wheat processing plant in Sudan, with a capacity of around 600 tonnes per day. It will provide high quality flour for the production of pasta and bakery products to meet domestic consumption demands. The country is Africa’s fifth largest wheat importer, behind Egypt, Algeria, Nigeria and Morocco.
Nigeria: Dangote sugar refinery posts declining profits in 2021
Nigeria’s Dangote Sugar Refinery (DSR) recorded an after-tax profit of 22 billion naira ($53 million) in its 2021 financial year, down about 6% from the previous year. This underperformance was due to high operational costs, despite the company recording strong revenue growth in 2021. Revenue increased 28% to $276.5 billion. naira (665 million dollars), thanks to the sale of more than 773,000 tons of refined sugar.
Mozambique: Merec launches a pasta production plant
In Mozambique, a new pasta manufacturing unit was launched in Beira, in the province of Sofala. The $8 million plant will produce nearly 8,000 tons of pasta per month. It was built by the food company Merec and will offer 34 job opportunities.
© 2022 European supermarket magazine – your source for the latest news from Brand A. Article by Hope Olodo. Click on subscribe register for ESM: European Supermarket Magazine.