Coca-Cola unveils plans for new health conscious beverage line in Kenya

KENYA – Soft drink manufacturer, Coca-Cola has unveiled plans to expand its product portfolio in Kenya with a key focus on an increasingly health-conscious consumer base even as it expects warmer weather to drive sales […]

COMESA region’s cereal productivity affected by low seed quality

AFRICA – COMESA regions cereal productivity has remained low despite the high production potential that the region holds, greatly attributed to small- holder farmers’ limited access to improved seeds. New Times Rwanda reports that of […]

AB InBev to refinance US$100b debt through mega bond sale

SOUTH AFRICA – Multinational brewer, Anheuser-Busch InBev (AB InBev) plans to sell senior unsecured bonds in six parts presenting one of the biggest bond sales of the year as it seeks to refinance part of […]

Givaudan opens new US$1.2m flavour commercial center in Morocco

MOROCCO – Givaudan, a leading flavour and fragrance company, has commissioned a new Flavours technical and commercial centre in Morocco, an investment valued at US$1.22 million. The investment is part of Givaudan’s growth plan in […]

Zimbabwe bans animal imports from South Africa over foot-n-mouth

ZIMBABWE – The Zimbabwean government imposed an immediate suspension of imports on all live cloven-hoofed animals and their products from South Africa following an outbreak of foot-and-mouth disease (FMD), reports the Herald. The government said […]

China’s COFCO shuts down edible oil refining plant in Argentina

USA – China’s grain and commodity merchandiser has closed down a soybean and sunflower refining plant in Argentina blamed on trade and economic crisis in the country. The plant located in Lanus, Buenos Aires is said […]

Firmenich joins RE100, commits to 100% renewable electricity by 2020

SWITZERLAND – The Swiss flavors and fragrance company, Firmenich has joined the RE100, an initiative comprising global companies that endeavour to use 100% renewable energy for electricity. The group has announced that it has achieved […]

NSE downgrades Nigerian Breweries stock to medium-priced status

NIGERIA – The Nigerian Stock Exchange (NSE) reclassified Nigerian Breweries Plc stock from its previous high-priced stock to medium-priced stock following a fall of the brewer’s stock price below the required High-Priced Stock threshold. According […]

Mane Flavors forms joint venture with Indian tea firm, Akbar Brothers

INDIA – French flavors and fragrances group, Mane SA has announced a strategic partnership with Akbar Tea, one of the largest tea trading companies in India to provide high end tea and coffee extracts. Through […]

BRF sells Argentine subsidiary Campo Austral for US$35m

USA – The Brazilian meat processing company, BRF SA has sold its wholly-owned Campo Austral business in Argentina for US$35 million, completing its asset sale in the country. The sale involves the facility in Florencio […]