Mumias Sugar resumes operations after long closure

KENYA - Mumias Sugar whose plant has been undergoing routine maintenance Mumias Sugar Company has started crushing cane after more than eight months of maintenance. The company closed for maintenance early this year, even though inadequate cane also contributed to the closure. Board Chairman Dr Kenneth Mulwa said the factory started operations at the weekend. “I can confirm to…

Afgri’s food unit takes aim at Africa’s food industry

SOUTH AFRICA - Philafrica Food, a recently launched subsidiary of agricultural investment holding company Afgri Group, says it plans to transform food processing in sub-Saharan Africa through investments of between R50m and R100m over the next 18 to 24 months. CEO Roland Decorvet said on Tuesday Philafrica aimed to become a big food operator in…

Hershey to submit initial bid for Nestlé’s US candy business

USA – US chocolate giant producer, Hershey, is preparing to submit its initial bid to Nestlé’s US confectionery business, which makes sweets including Butterfinger, Baby Ruth, Sno-Caps and Laffy Taffy. Nestle had announced in June, that it would explore strategic options, including possible sale for its US chocolate and candy business. The business on the…

Fonterra invests in Lithuanian dairy producer Rokiskio Suris

LITHUANIA – Fonterra, New Zealand’s dairy company, has invested US$8.26 million in Lithuanian dairy producer Rokiskio Suris, where it has bought more than 3.58 million shares. The investment had been under negotiation for a while, with Rokiskio issuing statement that Fonterra would recover any losses if it withdrew from the planned share issue by November.…

SA fresh produce market agents charged for price fixing

SOUTH AFRICA - The Competition Commission on Wednesday referred 14 fresh produce market agents and their association, the Institute for Market Agents of South Africa, to the Competition Tribunal for prosecution in relation to charges of price fixing and fixing trading conditions in contravention of the Competition Act. This follows search and seizure operations conducted by the Commission…

AB InBev to sell Zambia Chibuku unit to Delta Corp.

ZAMBIA - Delta Corporation, the Zimbabwe-based associate of Anheuser-Busch (AB) InBev has said that it is finalising a transaction to acquire a controlling stake in National Breweries of Zambia. Delta said in a statement that equity is being acquired from Heinrich’s Syndicate, which is also owned by AB InBev. "The equity is being acquired from…