Canada and Ukraine to Ratify Free Trade Agreement
The Canada-Ukraine Free Trade Agreement (CUFTA) announced last July by Prime Minister Stephen Harper and Ukrainian Prime Minister, Areniy Yatsenyuk, is scheduled to be ratified and signed this year. During a recent meeting with the Canadian Foreign Minister, Stephen Dion in Kyiv, Prime Minister, Yatsenyuk said, “We have reached a
Read moreEgypt’s Arabian Food Industries Co. Planning March IPO
With a population of 90 million, and a rapidly growing food sector, Egypt’s Arabian Food Industries Co., also known as Domty, is leveraging increased investor interest and is planning an initial public offering (IPO) to take place in March on the Cairo bourse, reports Reuters. Company chairman and managing director, Omar El Damat
Read moreControlled Environment Agriculture: Breaking Barrier for National Fresh Brands
By Elizabeth Penney The intersection of fresh produce demand and new technologies is creating a fertile environment for controlled environment agriculture as a major player in the American food system. “Its time has come,” Tim Heydon, CEO of Shenandoah Growers says. Shenandoah Growers, founded in 19
Read moreTIAA-CREF Launches Global Real Asset Division
TIAA-CREFF announced it is launching a new business unit dedicated exclusively to expanding the group’s real asset capabilities. Operating as a ‘stand-alone business’, the unit will include the company’s agriculture, timber, global real estate, infrastructure, and energy teams, along with subsidiaries, TH Real Estate
Read moreAustralia’s Botha Family Places 1M Hectare SAWA Pastoral Company on the Market
Australia’s Botha family, the principals of South African Western Australian Pastoral Company (SAWA Pastoral Company), have listed their four cattle holdings in Western Australia totaling one million hectares, according to The Australian. The four Kimberley-based properties include the Moola Bulla (395,000 hectares), Mt
Read moreCoca-Cola Expands Portfolio and African Reach with Stake in Nigeria’s Chi
As sales of soda in developed markets slow, Coca-Cola is diversifying its portfolio and strengthening its geographic reach through the acquisition of a 40% stake in Nigeria’s largest juice company, Chi, from its holding company, Tropical General Investment (TGI) Group. The deal, which values CHI at approximately $1 billion, marks
Read moreBrief: Women-Focused Pan African Agribusiness Holding Company to be Launched
The Chairperson of SOBEK Trade and Investment (Egypt), Mrs. Manal Abdel Moneim and the chairperson of the African Union Commission, H.E. Dr. Nkosazana Diamini Zuma have signed a Memorandum of Understanding (MOU) On January 19 at the African Union Headquarters in Addis Ababa, Ethiopia for the formation of a Pan African Agribusiness Holding C
Read moreLactalis Agrees to Acquire Romania’s Biggest Dairy Producer, Albalact
The French dairy group, Lactalis, has agreed to acquire Albalact, the biggest diary producer in Romania, in a deal that Romania Insider reports could potentially have a value of €65 million. In business since 1971, Albalact controls three businesses, producing milk, butter, sour cream, yogurt, and cheese, under the brand names Zuz
Read moreGreystone Acquires Feedmaster Stake for €39M
Investment holding company, Greystone Partners Ltd., which is managed by African investment banking group African Alliance, announced it has acquired a significant minority stake in Ngwane Mills, which trades under the Feedmaster name, reports the Times of Swaziland. The investment undertaking was begun in 2014 and was comple
Read moreGlencore Narrows Field of Rivals for Agriculture Stake
Global commodity trader, Glencore Plc, has narrowed down the field of bidders for the pending sale of a stake in its agricultural unit scheduled to be completed in the first half of 2016, according to Bloomberg. The group, which has decided on the sale as part of a program to pay down $12 billion of its $30 billion debt, has
Read more
