Company Announcement: NWK’s Africa footprint further expanded
It has just been announced that NWK Limited’s involvement in Africa is being expanded through an investment in an established agriculture-related business in Zambia. This follows on a similar transaction that NWK concluded in Botswana earlier this year. The transaction entails the indirect acquisition of a 60% interest in Dunavant Zambia (Pty) Ltd through its Netherlands-based parent company AfricaNeth Coöperatief UA. The remaining 40% interest will be taken up by Louis Dreyfus Commodities (LDC). The primary activities of Dunavant, which has been operational in Zambia for longer than ten years, are the processing of cotton at seven gins throughout the country. Cotton oil is also pressed on a small scale, with the resultant marketing of the cotton oil and cotton cake.
Dunavant Zambia has already started purchasing grain (maize and soybeans) during the past season and this is one of the strategic aspects upon which the focus will be in the foreseeable future. Trade stores where agricultural inputs and mechanised equipment will be sold on a limited scale have already been established. Additional processing of grain and involvement in primary agricultural activities are not excluded. “NWK and LDC regard the transaction as an excellent opportunity to invest in Dunavant, an established role player in Zambia who is familiar with the country’s market and business environments,” said Danie Marais, NWK’s managing director. NWK Limited, an agricultural business in North West, with its head office in Lichtenburg, has been operating a successful business in the area for longer than 100 years. With the acquisition of a 50% interest in Mont Trade (Pty) Ltd, an agriculture-related business in Botswana, earlier this year, a new era has dawned for NWK. NWK has always been a business created by the farmers for the farmer on his farm and this business model is now being expanded geographically.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Sweet-Orr, established in 1871, is a global leader in superior protective workwear, known for quality, innovation, and performance.
VISIT SHOWROOM
From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
