INVESTMENTS, FUNDING & M&A

NIRSAL’s Managing Director and CEO, Mr. Sa’ad Hamidu, said the training marks the start of a nationwide effort to modernise livestock rearing and meat processing practices in Nigeria.

The project aims to boost local fish production by enhancing access to finance for smallholder fish farmers.

The new facility, which is scheduled for completion in April 2028, will double its current annual production capacity to 40,000 tonnes.

During the 25-year-old partnership, Novonesis was responsible for research, development and production, while dsm-firmenich managed distribution and sales.

Lesaffre is a leading player in fermentation and microbial solutions, while Zilor has deep roots in sugarcane processing, producing sugar, ethanol, renewable electricity, and natural ingredients for animal nutrition.

When operational, Volare 01 will produce a volume of protein equivalent to 200 million Baltic herrings annually, roughly 18% of Finland’s total commercial fish catch in protein terms.

Voeders Huy’s production facilities will add approximately 250,000 tons of annual feed capacity to De Heus’ operations.

The cancelled contract had funded Moderna’s early-stage development of an H5 avian flu vaccine, which the company says showed “positive interim” results in a study involving 300 healthy adults.

Years of below-average rainfall have devastated pasturelands across the country, forcing farmers to rely on increasingly expensive feed alternatives.

Primary goals include the completion of the Kilwa Masoko Fishing Port, conducting an Environmental and Social Impact Assessment (ESIA) for the Bagamoyo Fishing Port, and facilitating loans worth approximately US$258 million for sector players.