PIC seeks independent valuation in US$359m Karan Beef acquisition deal

SOUTH AFRICA – The Public Investment Corporation is in the process of getting an independent valuation for its bid in acquiring a majority shareholding in Africa’s largest feedlot, Karan Beef. In October last year, the […]

AFMASS Eastern Africa edition celebrates 5 years, delivers more to attendees and exhibitors

KENYA – Delegates and visitors to the 2019 edition of AFMASS Eastern Africa Kenya edition, which took place in Nairobi, Kenya in mid-May have reported significant progress and impact on the food industry as the […]

Ukraine to introduce new international standards for quality wheat

UKRAINE – Ukraine has unveiled plans to introduce new wheat standards that meet international quality criteria. Ukraine’s Agrarian Policy and Food Ministry has announced that the new state standard of Ukraine (DSTU) for wheat is […]

Ola restructures Foodpanda business to focus on expanding kitchens

INDIA – Ola, the Indian ride-hailing firm has announced that it is restructuring its food delivery platform Foodpanda to focus on building a portfolio of its own as well as curated food brands through a […]

ADM recalls all-purpose baking flour potentially tainted with E. Coli

USA – ADM Milling Co. has issued a recall of five-pound bags of Baker’s Corner All Purpose Flour packaged for Aldi retail stores in the Northeastern United States due to potential contamination with E. Coli. […]

Gem Corp, Agro Corp secures Ethiopia’s 600,000 tons wheat supply contract

ETHIOPIA – The Ethiopian government procurement agency has awarded two companies, Gem Corp Commodities Trading SA and Agro Corp International, to supply 600,000 metric tons of wheat valued at US$116.53 million (3.38 billion birr) According to […]

India’s food delivery startup FreshToHome raises US$11m funding

INDIA – Bengaluru-based fresh fish and meat delivery startup FreshToHome has raised US$11 million (₹76 crore) led by Hong Kong-based CE Ventures to fund its expansion into more cities and strengthen supply chain. Others participating […]

Zimbabwe’s oil manufacturer Surface Wilmar resumes operations

ZIMBABWE – Surface Wilmar, one of the leading edible oil manufacturer in Zimbabwe, has resumed operations after receiving foreign currency support from the Reserve Bank of Zimbabwe to kick-start operations. The manufacturer of Pure Drop […]

Ghana Commodity Exchange signs pact with Taft Group to boost operations

GHANA – The Ghana Commodity Exchange (GCX) has signed a Memorandum of Understanding (MoU) with Taft Group of companies, led by Taft Capital, that seeks to improve operations in the commodity exchange platform. According to […]

NCLT approves Heinz India-Zydus Nutritions’ US$630m merger deal

INDIA – The National Company Law Tribunal (NCLT) has approved Zydus Wellness’ acquisition bid for Heinz India Pvt Ltd in a merger deal valued at about US$630 million (Rs 4,595 crore). Through its Zydus Nutritions […]