RCL Foods half year earnings fall 26.3%, faults chicken and sugar imports

SOUTH AFRICA – South African packaged goods company, RCL Foods has said that headline earnings in the half year ended December decreased by 26.3% to US$33.4 million, attributed to pressure from increased sugar and chicken […]

Ghana’s Budget Cash and Carry launches Blue Giant energy drink

GHANA – Budget Cash and Carry Company Limited, distributors of Blue Jeans energy drink in Ghana, has launched the Blue Giant energy drink into its energy drink portfolio, reports Ghana News Agency. The company said […]

Nigeria’s Nosak Distilleries Limited appoints Osaro Omogiade as new MD

NIGERIA – Nigeria’s Nosak Group, the parent company of Nosak Distilleries Limited (NDL), has appointed Osaro Omogiade the new managing director to oversee companies operations. Dr. Toni Ogunbor, the Chairman, Nosak Group has expressed his […]

Distell unveils Africa expansion strategy targeting Ethiopia, Zimbabwe and Nigeria

SOUTH AFRICA – Distell Group Limited has unveiled its expansion strategy on the continent with plans to increase investments in Ethiopia, Zimbabwe and Nigeria across its wine, spirits and ready-to-drink categories. According to report by […]

Nigeria’s Suntory beverage company appoints Anjan Patole new Managing Director

NIGERIA – Suntory Beverage and Food Nigeria Limited (SBFN), the Nigerian unit of Japanese food and beverage company, Suntory Beverage & Food Ltd, has appointed Anjan Patole as the company’s new Managing Director.    Anjan […]

South Africa’s Sovereign Foods in merger with Cold Storage Group

SOUTH AFRICA – Sovereign Foods, South Africa’s third largest poultry and poultry products producer, has announced its merger with the Cold Storage Group (CSG), a wholesaler of poultry and value-added poultry products.  The merger follows […]

General Mills to advance regenerative agriculture on farms by reducing greenhouse gases

USA – Consumer goods and grain trading merchant, General Mills has committed to advance regenerative agriculture practices on one million acres of farmland by 2030, with a goal to reduce greenhouse gas emissions. The program […]

Cargill to acquire Belgian gourmet chocolate producer Smet Chocolaterie

EUROPE – Global agribusiness giant, Cargill has unveiled intentions to acquire Belgium based Smet Chocolaterie, expanding its cocoa and chocolate business in Europe. The deal will bring together expertise from Cargill’s cocoa and chocolate business […]

Fonterra appoints Miles Hurrell as Chief Executive Officer

NEW ZEALAND – Dairy giant Fonterra has named Miles Hurrell as the company’s new Chief Executive Officer with immediate effect, after serving in the position as interim since August last year. During his tenure as […]

Carlsberg acquires minority stake in Chinese craft brewery Jing-A

CHINA – The Danish brewery group, Carlsberg has acquired a minority stake in Beijing based micro-brewery Jing-A Brewing Co for an undisclosed amount. According to a report by Inside Beer, Jing-A will remain in control […]