South Africa’s Libstar to invest US$6.65m in upgrading three facilities

SOUTH AFRICA – South African food producer Libstar Holdings has announced that it will be investing a total of US$6.65 million in upgrading three of its facilities over the next six months. The company plans […]

Azman partners with Nigerian state government to boost rice production

NIGERIA – Azman Rice Mills and Farms Limited, a Nigerian rice processing company has singed a Memorandum of Understanding with Kano State Government that seeks o boost rice production in the State. The agreement will […]

Competition Tribunal approves SAB’s acquisition of Smirnoff franchise rights

SOUTH AFRICA – The Competition Tribunal of South Africa has conditionally approved South African Breweries’ (SAB) proposed acquisition of franchise rights for Smirnoff ready-to-drink and Guinness-branded products from Diageo. SAB is the local subsidiary of […]

The Redwood Group acquires US grain trader Ceres Commodities

USA – The Redwood Group has completed the acquisition of Ceres Commodities a supplier of organic and conventional grains into East and Southeast Asian food markets. The Redwood Group is an employee-owned supply chain, merchandising […]

Symrise opens first flavour application labs in Nigeria to support growth in West Africa

NIGERIA – German flavour and fragrance manufacturer, Symrise has opened its first applications labs in Lagos, Nigeria as part of a growth strategy to strengthen its presence in the growing West African market. Symrise will […]

BRF offloads stake in Singapore-based joint venture for $12.3m

SINGAPORE – Brazilian meat packing company, BRF has sold its 49% stake in the SATS BRF Food joint venture in Singapore to SATS Food Services for SGD 17 million (US$12.3 million). SATS, a ground handler […]

Coca-Cola to launch limited edition of Fanta Dark Orange in UK

UK – Coca-Cola European Partners (CCEP) is adding a new variant in its Fanta portfolio with the launch of a limited edition of Fanta Dark Orange. The Fanta Dark Orange, the first ever Fanta product […]

Tyson Ventures invests in plant-based seafood producer New Wave Foods

USA – Tyson Ventures, the venture capital arm of Tyson Foods has invested in San Francisco-based producer of plant-based seafood alternatives, New Wave Foods. Founded by marine biologist Dominique Barnes and chief technology officer Michelle […]

Fonterra delays annual results reporting date to finalize accounts after write-downs

NEW ZEALAND – Fonterra has advised a change of date for reporting its audited financial results for the financial year ending 31 July 2019. The dairy cooperative, which was previously expected to report the financial […]

Kevian Kenya invests US$3.37m in subsidiary recycling plant

KENYA – Kevian Kenya, the Peek N’ Peel and Afia juice owner, has invested Sh350 million (US$ 3.37 million) in establishing a new recycling plant, Ramani Recylers in Thika, Central Kenya. Ramani Recylers, will operate […]