SOUTH AFRICA - Shoprite Holdings could be expanding abroad, according to CEO Whitey Basson, but he would not be drawn into the nitty-gritty.
GHANA - The Songhai Group, a corporate development company, has signed a deal with Kasapreko, the Ghanaian drinks manufacturing company, to roll out a corporate-wide Executive Management Programme and partner with Kasapreko to implement a series of initiatives to accelerate the transformation of the company into a global market leader in its categories.
KENYA - Centum’s Two Rivers mall is expected to open its doors next month following two previous postponement brought about by an expansion of the original retail space.
SOUTH AFRICA - RCL Foods’ share price endured a plucking on Thursday after its profit warning sent SA’s second-largest chicken producer falling as much as 6% on the JSE.
ZIMBABWE - Associated Foods Zimbabwe, producer of peanut butter and jam spreads, is eyeing the export market after successfully installing a state-of-the-art production line.
RWANDA - The Government has given investors from Mauritius the green light to set up a sugar processing factory in the country.
NIGERIA - 8 Miles, the UK-based, Africa-focused private-equity firm chaired by Sir Bob Geldof, believes its latest investment, Nigerian biscuit firm Beloxxi, can expand further across the continent.
NIGERIA - Nigeria imported $227 million worth of sugar in the first seven months of this year, a report by the Central Bank of Nigeria (CBN) has revealed.
KENYA - Kenya could be exporting thousands of jobs in the tea value chain due to stringent taxation measures at home.
SOUTH AFRICA - The proposed tax on sugar sweetened beverages (SSBs) has the potential to reduce the industry’s contribution to South Africa’s gross domestic product (GDP) by R14bn, the Beverages Association of South Africa (BevSA) warned on Tuesday.
KENYA – The grains, milling, baking and snacks industry in Africa is set to have a new resource in the next month as FoodWorld Media adds a new publication to its food and agriculture focused publications.
NIGERIA - Novare Real Estate Africa, a firm of real estate development that specialises in building state of the art commercial properties such as malls, and owners of Novare Lekki Mall, has concluded plans to commission the largest mall in Lagos which cost is put at whopping N31.5 billion this Thursday.
NIGERIA - Dangote Flour Mills Plc has returned to profitability, posting a Profit Before Tax (PBT) of N2.64 billion in the half year ended June 30, 2016, compared to a loss of N9.55 billion posted at the corresponding period in 2015 after its re-acquisition from Tiger Branded Consumer Goods Plc some months ago.
SOUTH AFRICA – South Africa, the continent’s largest producer of corn, is set to double production of the white variety next year if rains from the anticipated La Nina weather event come to end the worst drought on record, a grains trader from BVG said.
SOUTH AFRICA - RCL Foods, SA’s largest chicken producer, said on Thursday its full-year profit probably fell as much as 80% after it wrote down $48m in its milling business and the country’s worst drought in more than a century hurt its sugar and poultry units.
SOUTH AFRICA - Coca-Cola Beverages Africa (CCBA), the largest bottler of fizzy drinks on the continent, may backtrack on its commitment to invest R800m in enterprise development in SA if the Treasury imposes a tax on sugar-sweetened beverages.
KENYA - Agro food suppliers in the region will benefit from an expanded market thanks to an initiative by the Comesa Business Council on enhancing market linkage.