ADM and Cargill form new technology joint venture to support farmers in N. America

USA – Archer Daniels Midland Company and Cargill, Incorporated have formed new joint venture Grainbridge LLC, a technology platform to support farmers in North America with grain marketing skills. The partnership intends to provide grain […]

Saputo to acquire F&A Dairy Products for US$85 million

CANADA – Saputo Inc., Montreal-based Canadian dairy company has agreed to acquire the activities of F&A Dairy Products, Inc. at a purchase price of US$85 million (CDN$111 million). The transaction funded through cash-free and debt-free […]

Dairy Association of Zambia receives US$2m funding from Swedish government

ZAMBIA – The Dairy Association of Zambia (DAZ) has received US$2 million funding from the Swedish government for the implementation of the Digital Information Management System (DIMS). According to Lusaka Times, the proceeds will go […]

Chi Ltd introduces Hollandia Choco Malt in 180ml Pack

NIGERIA – Nigeria’s largest juice company, Chi Limited has launched its ready-to-drink Hollandia Choco Malt in 180ml pack size with an intention to provide an entry point for adults and upsize for kids. Beverage Industry […]

Karan Beef and PIC deal to go ahead despite collusion fine

SOUTH AFRICA – The Competition Commission has said that Karan Beef’s collusion fine may unlikely affect its buyout deal with the Public Investment Corporation (PIC), reports Business Day. “In no way does this investigation into […]

Shoprite reports nominal turnover increase in difficult trading conditions

SOUTH AFRICA – Africa’s largest food retailer, Shoprite Group has reported a nominal turnover increase of 0.4% for the three months ended September impacted by difficult trading conditions. According to the Business Day, the retailer […]

Dangote Flour Mills initiates World ‘Puff Puff’ Day

NIGERIA – Dangote Flour Mills, the flour division of Africa’s largest indigenous industrial conglomerate Dangote Group has initiated the World ‘Puff Puff’ Day, aimed at celebrating home bakers and confectioners. Initiated by the President, Dangote […]

UK Burger chain write-down pushes Famous Brands into US$37.1m loss

SOUTH AFRICA – Africa’s leading quick-service and casual dining restaurant franchisor, Famous Brands has reported an interim loss of US$37.15 million after announcing earlier that it expected to register a US$61 million impairment from the […]