Milling Middle East & Africa- Week 4 2024 News

LATEST AFRICAN AND MIDDLE EAST NEWS

Unga Group considers contract manufacturing in a strategic shift

KENYA – ?Unga Group, a Kenyan-listed food processing firm is among companies facing higher financing costs in the wake of the weakening shilling, considers contract manufacturing in a strategic shift.?. .?MORE

Uganda, South Sudan forge trade harmony with unified standards

UGANDA/S.SUDAN?–?Uganda and South Sudan have resolved to synchronize their safety standards through the collaboration of their respective National Standards Bodies in a move to fortify bilateral trade...?MORE

Innscor Africa to boost capex with up to US$60M investment in 2024

ZIMBABWE – ?INNSCOR Africa Limited?intends to spend between US$50 million and US$60 million on capital programs in 2024?in a bid to consolidate its local and regional market share.?.?.?MORE

Saudi’s Fourth Milling picks Riyad Capital to manage its IPO

SAUDI ARABIA? - Saudi company Fourth Milling, revered for its flour, feed, bran, and wheat products, has picked Riyad Capital to manage its initial public offering (IPO) on Tadawul.?.?.?MORE

JFS Agro Food, Sabaragamuwa collaborate on millet-based instant food offerings

SRI LANKA – JFS Holdings Limited, owner of RAVINE food brands, has entered into a groundbreaking research collaboration with Sabaragamuwa University to develop millet-based instant food products.?.?.?MORE

LATEST WORLD NEWS

Italian Andriani?to establish first North American factory in Canada?

CANADA - Andriani, an Italian gluten-free pasta manufacturer, has announced plans to build its first production facility in North America to expand its global footprint?. . .?MORE

GrainCorp finalizes major rail upgrade at Red Bend facility

AUSTRALIA - GrainCorp, a leading grain handling and storage company based in Sydney, has completed a US$4.09?million rail upgrade at its Red Bend facility?. . .?MORE

Suez Canal grain shipments diverted amid rising Red Sea attacks

GLOBAL - The World Trade Organization (WTO) has reported an increase in the diversion of grain shipments from the Suez Canal due to attacks on commercial vessels in the Red Sea?...?MORE

Grupo Bimbo to close Albuquerque bakery, affecting 149 employees

USA - Grupo Bimbo is planning to shut down its baking plant in Albuquerque, New Mexico, marking the closure of its only facility in the state, effective?by April?...?MORE

EFSA raises alarm over European consumers’ exposure to inorganic arsenic

EUROPE – The European Food Safety Authority (EFSA) has expressed concerns over European consumers’ dietary exposure to inorganic arsenic, particularly prevalent in rice and rice-based products?. .?. MORE