South Africa’s Distell mulls down-sizing in new restructuring strategy

SOUTH AFRICA – Distell Group Limited, multinational brewing and beverage company rooted in South Africa, said it could retrench about 100 employees as part of the restructuring of its supply chain network,reports Business Day. According […]

Beverage manufacturer Revin Zambia sheds 56 employees

ZAMBIA –Revin Zambia limited, a soft drink manufacture has sent 56 employees on circumstantial leave following the suspension of production and distribution of the product, reports Lusaka Times. This comes after Zambia Bureau of Standards […]

Cocoa prices expected to increase amid poor weather conditions

NIGERIA – A Financial Derivatives Company’s (FDC’s) commodity updated has projected an increase in coca prices at the international market due to persisting poor weather conditions in the major producing countries. According to the Daily […]

Nigerian government to increase excise duty on alcohol, tobacco

NIGERIA – the Nigerian government has unveiled its Strategic Revenue Growth Initiative (SRGI) which will see an increase in excise duty rates from the current 5% on alcohol, carbonated soft drinks, tobacco and other goods. […]

Private equity firm Brimstone to increase stake in fishing giant Oceana

SOUTH AFRICA – Brimstone Investment Corporation, an investment firm with major interest in fishing industry, has tabled a US$42.37 million offer to acquire 8-million shares in Oceana Group – Africa’s largest fishing enterprise. According to […]

Olam unveils six-year strategy with US$1.6b worth of divestment in sugar, others

SINGAPORE – The agribusiness and chemicals firm, Olam International has said it plans to release US$1.6 billion cash from divesting some of its businesses including sugar, rubber, wood products and fertilizer as it looks to […]

Tetra Pak names Adolfo Orive as President and Chief Executive Officer

SWITZERLAND – The global food processing and packaging giant, Tetra Pak has announced that its board has appointed Adolfo Orive as President and Chief Executive Officer, effective April 1, 2019. Adolfo succeeds Dennis Jönsson who […]

General Mills voluntarily recalls bags of flour over salmonella fears

USA – The American food manufacturer, General Mills has voluntarily recalled 5-pound bags of its Gold Medal Unbleached flour following concerns that it could possibly be contaminated with Salmonella. The recall involved Gold Medal Unbleached […]

CBH Group’s revenue rises 9% driven by higher grain prices in the year

AUSTRALIA – Australia’s leading grain merchant, CBH Group has reported 9% increase in revenue to US$2.69 billion (A$3.8 billion), driven by higher year-on-year grain prices in the year ended 30 September 2018. The group saw […]