Pearl Dairy ventures into honey production injecting US$2.7m worth of investment

UGANDA – The largest dairy processor in Uganda, Pearl Dairy Farms is seeking to diversify into commercial honey production, investing more than Ush10 bn (US$2.7m) into the venture. According to reports by Daily Monitor, the dairy processor will undertake the initiative in partnership with local dairy farmers as it seeks to diversify both the company and farmers’ incomes, given challenges that have faced the milk production and processing industry. More than 10,000 dairy farmers in the south western districts of Ntungamo, Kabale, Lyantonde, Mubende, Mbarara, Kiruhura, Bushenyi, Rukungiri and Sheema have been…

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PE firm DOB Equity tops up investment in Tanzanian dairy firm Tanga Fresh

TANZANIA – Tanga Fresh, a dairy processor in Tanzania has acquired additional investment from Dutch family-backed impact investor DOB Equity, to expand its production in the long-life milk market. DOB Equity’s investment will also allow the dairy processor to expand its overall production capacity, providing access to a fair and reliable market for dairy farmers in the Tanga region. Founded in 1996 in Northern coast of Tanzania, Tanga Fresh’s partnership with DOB Equity began in 2007. The dairy processor produces a wide range of products such as mtindi (sour milk), yoghurt,…

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Cameroonian agro-pastoral company signs US$16.2m agreement with API for construction of dairy plant

CAMEROON – Cameroonian agro-pastoral and industrial company of Ngaoussai in Adamaoua region, has signed a XAF9 billion (US$16.2m) investment agreement with Investment Promotion Agency (API) for the construction of a dairy plant. The plant will be utilized for the processing of milk, yoghurt, cheese and biogas. Upon completion of the project, it is set to create about 220 jobs, reports Business in Cameroon. Going by the country’s 2013 law on private investment which was revised in 2017, the structure will benefit from tax and customs incentives for five to ten years. Adamawa…

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South Africa’s Sundale Dairy forms US$4.25m JV with cheese processor Schreiber

SOUTH AFRICA – South African dairy processor, Sundale Dairy has formed a joint venture with International cheese processor Schreiber Foods, investing R70 million (US$4.25m) in the construction of a new cheese processing factory in August at the East London Industrial Development Zone, southeast coast of South Africa. The investment according to Money Web, will see production of local cheese for quick serve restaurants, delivering 7 000 tonnes of preservative-free cheese slices to the African market per annum. Sundale Dairy currently supplies Burger King and McDonald’s South Africa with imported cheese slices. Sundale…

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