Zambian authorities shut down restaurants over disease scare

ZAMBIA — Zambia has shut three of South African retailer Shoprite’s Hungry Lion fast-food restaurants after their food tested positive for the bacterium that causes cholera, a government minister said yesterday. Zambia is struggling to contain an outbreak of the disease, which has killed 51 people and made more than 2 000 others sick in…

Naspers may partner Tencent to deliver $200 million to Swiggy

INDIA - South African Internet group Naspers has emerged as the frontrunner to lead a $150-200 million investment in Swiggy, after SoftBank and Flipkart ended independent funding discussions with the online food-delivery platform, according to three people briefed on the matter. The deal could likely value the three-year-old venture at $600-650 million before the investment,…

Competition Authority nullifies Coca-Cola-Ambo Water merger

ETHIOPIA - The Tribunal of Trade Competition & Consumer Protection Authority (TCCPA) declared that East African Bottling, Coca-Cola’s bottler, and Ambo Mineral Water made an illicit merger, fining them five percent of their turnovers from last year. The case began in June 2017, when the Authority’s prosecutors filed a claim stating the two companies had…

Sugar tax effect smaller than thought, says Pioneer Foods

SOUTH AFRICA - The health promotion levy, or sugar tax, will not be as negative for beverage producers as has been initially expected, Pioneer Foods says in its latest integrated report for 2017. While the levy was expected to "add materially to the costs of certain products", Pioneer said "the impact will be considerably smaller…

Edrington seals partnership to explore Nigeria spirits market

NIGERIA - The Spirit market in Nigeria is set to witness fervent competition as an international spirits company based in Scotland, Edrington, has partnered Premium Spirits Nigeria (PSN) to expand the premium spirits consumer market in Nigeria. PSN is a business division of Nigeria’s leading bottler and distributor, Nigerian Bottling Company Limited, set up to…