Equator Bottlers Limited appoints Josephat Kilungu as manufacturing manager

KENYA – Equator Bottlers Limited, a subsidiary of Coca Cola Beverage Africa, has appointed Josephat Kilungu as the manufacturing manager. Mr Kilungu holds a Master of Business Administration (MBA) in strategic Management from Kenyatta University as well as a Bachelors degree in Food Science and post-harvest Technology from Jomo Kenyatta University of Agriculture and Technology.…

Rwanda’s Bralirwa gains growth momentum as profits increase 42% to US$7.98m

RWANDA - Bralirwa Plc, a Rwandan beverage manufacturer, has reported a 42% growth in profits to US$7.98 million (Rwf7.2bn) in its 2018 financial year up from US$5.63 million (Rwf5.1bn) the beverage firm posted in 2017. Amidst the challenging operating environment that impacted on firm’s performance in the previous year, the Heineken NV’s Rwandan subsidiary managed…

Kenyan millers oppose government’s maize flour blending policy

KENYA – Grain millers in Kenya have opposed the government's proposal to blend maize flour with other local grains in an effort to ease overreliance of maize, reports the Daily Nation. According to Munir Thabit, chief executive at Grain Industries Limited, the government's blending policy, which aims at promoting use of sorghum, millet and cassava,…

Zimbabwe’s Silo Foods seeks US$55m in strategic partnership to improve operations

ZIMBABWE - Silo Foods Industries (SFI), which was recently unbundled from the Grain Marketing Board (GMB) of Zimbabwe, is seeking strategic partners to inject US$55 million to boost its operations. According to Daniel Maregedze, the company’s managing director, the capital injection is aimed at boosting the agro-processor’s production operations as well as modernise its operations.…

Nigeria’s Monument Distillers acquires Four Cousins wines distribution rights into local market

NIGERIA - Monument Distillers Nigeria Limited, the newly formed Nigerian unit of United Kingdom-based Kensington Distillers & Vintners Ltd, has unveiled that it has acquired the exclusive distribution rights for Four Cousins Wine in Nigeria. The Four Cousins Wine is among South Africa’s best-selling wine bottled wine brand, will add to the group’s growing portfolio…

Uganda, UK firms enter US$154.68m joint venture to boost agriculture sector

UGANDA - The ministry of agriculture in Uganda has entered into a joint venture with two United Kingdom-based agriculture firms that seeks to boost the agriculture sector through a US$154.68 million (UGX577.6bn) investment. Through the joint venture, Alvan Blanch Development Company and Colas Ltd will manufacture, supply, and install multiple post-harvest processing systems across the…

Competition grows as South Africa focuses on Chinese US$105m avocado market

CHINA – The Chinese avocado market has in recent years attracted major African producing countries as they seek to gain a share in the highly valued US$105 million market. Most recently, the Agricultural Business Chamber (Agbiz) in South Africa’s said that the country’s avocado industry should focus on tapping into the growing Chinese market to…

World grain production to increase 2% with more wheat harvests – IGC

WORLD - World total grains production in 2019/20 is projected to climb by 2% to 2.178 billion tonnes attributed to bigger harvests of wheat and barley, according to International Grains Council’s (IGC) Grain Market report. According to IGC, despite increased output, overall availabilities will edge only slightly higher owing to the smallest opening stocks in…

Zomato to invest US$8m in 20 new warehouses in India by 2020

INDIA – The Indian restaurant search and discovery service, Zomato has said that it plans to invest US$8.03 million (Rs 56 crore) in setting up 20 more warehouses across the country by 2020. The warehouses will be launched under its B2B platform, Hyperpure in 18 cities, starting from the top metros before moving to smaller…

UK-based dog food delivery startup Butternut Box raises US$19.4m

UK - Butternut Box, UK’s delivery startup for dog food has raised US$19.4 million (€17.4 million) in a new round of funding led by European venture capital firms Five Seasons Ventures and White Star Capital. Also participating in the investment round include existing backers Passion Capital and Literacy Capital. The company is looking to use…