Rwanda’s Bralirwa reports 3.9% growth in half year revenue to US$51.32m

RWANDA – Bralirwa Plc, the producer of Heineken Beer in Rwanda, reported 3.9% growth in revenues to US$51.32 million (Rwf42.1bn) for the half year period ending 30th June 2019, driven by volume growth. Despite a […]

Liberia partners FAO to strengthen fisheries research and capacity building

LIBERIA – The Government of Liberia has signed a Memorandum of Understanding (MoU) with the United Nations Food and Agriculture Organization (FAO) to strengthen research in the fisheries sector. The partnership will focus on fisheries […]

Constellation Brands offloads Canadian whisky brand Black Velvet for US$266m

USA – Constellation Brands has entered into an agreement to sell Black Velvet Canadian Whisky to US distilled spirits supplier Heaven Hill Brands for approximately US$266 million. The transaction, which is subject to regulatory approvals, […]

Italy’s Illycaffè acquires its UK distributor amid Brexit uncertainty

ITALY – Illycaffè, Italian coffee company has acquired the UK’s Illy division distribution business from Euro Food Brands, and will now directly manage its UK distribution operations. The acquisition includes the complete transfer of business, […]

Diageo forms joint venture to distribute Santiago de Cuba rum

UK – Diageo, through its Europe subsidiary and Corporación Cuba Ron have formed Ron Santiago as a joint venture that will have exclusive global distribution rights to Cuban rum brand Santiago de Cuba. Diageo said […]

Nespresso partners Swedish firm in recycling of aluminium coffee capsules

SWITZERLAND – Nespresso has partnered with Swedish lifestyle bike brand Vélosophy to produce a stylish bicycle made from recycled aluminium coffee capsules. Through the partnership, Vaélosophy will produce RE:CYCLE bicycles which Nespresso says is “a […]

Symrise reports strong revenue growth in H1 as organic sales climb 6.2%

GERMANY – Symrise, a flavors and fragrances specialist has reported strong revenue growth for the first half of the year as net income increased by US$12.34 million (€11 million). The German maker of scents and […]

Private equity firm Actis acquires stake in Denny Mushrooms owner Libstar

SOUTH AFRICA – Private equity firm Actis has acquired 37.02% stake in South Africa’s owner of the Denny Mushrooms brand Libstar Holdings held by Abraaj Private Equity Fund IV (APEF IV). Last month APEF IV, […]

Zimbabwe’s agric research council partners ACFD to enhance food security

ZIMBABWE – The Agriculture Research Council of Zimbabwe (ARCZ) has joined forces with the African Centre for Fertiliser Development (ACFD) and the Frontline Institute to enhance food security in the country. The trio have signed […]

Ugandan government to invest US$6.24m in Mabale tea factory

UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]