tna co-founders Alf and Nadia Taylor awarded 2018 Ethnic Business Award

AUSTRALIA – Global food processing and packaging equipment manufacturer, tna has announced that its co-founders Alf and Nadia Taylor have been awarded with the 2018 Ethnic Business Award in the ‘Medium to Large Business’ category. At the 30th Ethnic Business Awards gala dinner held in Sydney, the two were hailed for their entrepreneurship, personal dedication,…

AFGRI signs concession with Transnet in South Africa ports deal

SOUTH AFRICA– South Africa’s rail operator Transnet has announced its intent to enter into a fifteen-year concession agreement with agribusiness major AFGRI Operations for the operation and maintenance of landside operations with Transnet Port Terminals in South Africa, reports Fin 24. The agreement will focus on two strategic agri-ports in the country, the East London…

MANE Flavours opens products innovation center in Kenya to serve region

KENYA – Mane, one of the leading flavours and fragrances houses in the world has inaugurated its first innovation center in Nairobi, Kenya, a strategic hub that aims to provide cutting-edge taste solutions to food and beverage manufacturers in the region. The center features two application laboratories supported by the company’s team from South Africa…

Heineken Rwandan subsidiary to start making the Heineken brand locally

RWANDA – Heineken’s operating unit in Rwanda has said that it will officially launch local production of Heineken beer in its brewery in Gisenyi, Rwanda from December 20, 2018 Rwanda will become the 9th African country producing, packing and distributing Heineken beer locally alongside Nigeria, Namibia, South Africa, Algeria, Morocco, Egypt, Tunisia and Ethiopia. Heineken N.V,…

Belgian investor to open first cashew nut shell liquid plant in Tanzania

TANZANIA – An unknown Belgian investor is set to open the country’s first cashew nut shell liquid (CNSL) processing facility in Tanzania to produce oil as one step in adding value to the commodity. The project will be handled to Tanzania Investment Centre (TIC) after the ministry concludes its part. Speaking to Daily News, the…

Coca-Cola Kenya to sell Nairobi regional headquarters facility for US$10m

KENYA – Soft drinks manufacturer, Coca-Cola has said that it is seeking to sell or rent its Nairobi Upperhill facility at a cost of US$10.05 million (1.03 billion Kenya shillings) in line with the company’s workplace agenda to provide a modern workplace that enhances creativity and innovation among its staff. The company said it is…

Tiger Brands revenue declines 9% hurt by listeria crisis and a weak economy

SOUTH AFRICA – Tiger Brands, South Africa’s biggest traded packaged-food company has posted 9% decline in revenue to US$2.06 billion as it struggles to recover from listeria outbreak and a weak consumer spending. According to Moneyweb, operating income in the year ended September fell 28% to US$239.56 million while headline earnings per share (HEPS) shed…

Packaging group Mondi to dump dual listing for a primary one in London

SOUTH AFRICA – The international packaging and paper group Mondi has announced that it plans to dump its dual listing structure for a primary listing in London, reports IOL Business. The company which operates in the consumer packaging business said it would move its primary stock to London but would retain a secondary listing on…

Tanzania government pays out US$1.95m to cashew nut growers

TANZANIA – The government of Tanzania in conjunction with the Tanzania Agricultural Development Bank (TADB) has released US$1.95 million (Tsh4.5 billion) to pay growers of cashew nuts after they sold their commodity to the government, reports Daily News. Following President Magufuli’s directive to buy cashew nut from farmers, about 130,111 tonnes of cashew nuts were…

Firmenich opens new taste creation facility in Manila, the Philippines

ASIA – The Swiss flavors and fragrances company, Firmenich has opened a new, state-of-the-art taste creation facility in Bonifacio Global City, in Manila, the Philippines, growing its tasting capabilities in South East Asia. Firmenich said the new facility works to address key global challenges such as health & nutrition or climate change and helps create…