Foreign investors buy out Nigerian shareholders in Seven-Up

NIGERIA - Seven-Up Bottling Company Plc has received an offer from its majority shareholder, Affelka, a privately-owned Lebanese firm, to buy out the minority shareholders for N19.33 billion ($60 million). Seven-Up said in a notice to the Nigerian Stock Exchange, NSE, yesterday that Affelka has offered to buy all the outstanding and issued shares of Seven-Up that…

Sign up to speak at Africa’s leading food industry conferences 

AFRICA - The Africa Food Manufacturing & Safety Summit (AFMASS) Conferences & Exhibitions are seeking thought leaders to speak at the 2018 editions of the event to be held in Kenya and Zambia. AFMASS, which will celebrate 4 years in 2018, started as a small food safety conference in 2015, has grown to be a respected…

Zambian Breweries more than doubles capacity at Ndola brewery

ZAMBIA - The Zambian Breweries Ndola plant has increased the production of its beverages by one million hecto liters following the investment of $30 million dollars. The plant has increased production from 750,000 to 1.75 million hectolitres per annum. Head of corporate communications Exekiel Sekele said the company invested $30 million into a new production…

Importers frustrating Govt’s tomato policy, say stakeholders

NIGERIA - Stakeholders in the agriculture sector say Nigeria is yet to feel the impact of the tomato policy six months after it was put in place by the Federal Government. The News Agency of Nigeria (NAN) reports that the stakeholders told participants at Agra Innovate West Africa forum on Tuesday in Lagos that Nigerians…

KBL targets 15,000 sorghum farmers as brewery set up continues

KENYA - Kenya Breweries Limited (KBL) targets to recruit 15,000 sorghum farmers in the lakeside region ahead of production set to commence next year. The move has already excited small-scale farmers from Kisumu, Homa Bay, Migori, Siaya and Busia counties who intend to start planting the drought-resistant plant as a cash crop. Among other raw…