Abraaj plans Libstar IPO - source

SOUTH AFRICA - Abraaj Group is planning an initial public offering of South African food and personal care maker Libstar, which may value the firm at as much as $1bn, according to people familiar with the matter.

Cassava starch firm saves economy US$4m annually

NIGERIA - Psaltry International Company Limited, one of the investors in the Nigerian cassava industry, has said that the country has started benefiting from its investment as the import substitution policy of the Federal Government in cassava starch has earned it $4 million (about N1.22 billion) in the financial year ended 2016.

SA forecasts record maize harvest

SOUTH AFRICA - The decline in the price of maize could lead to a decline in the price of food in the long run. This is the view of Wandile Sihlobo, agricultural economist and head of agribusiness research at the Agricultural Business Chamber.