Arla Foods partners Nigerian State to scale-up dairy farming scheme

NIGERIA – Arla Foods, Denmark-based dairy firm has partnered with the Kaduna State Government in Nigeria to establish a dairy development programme that aims at developing the dairy sector. To strengthen the private-public partnership, Arla […]

Varun Beverages to acquire controlling stake in bottle caps maker Lunarmech

INDIA – Varun Beverages, the PepsiCo bottler in India has agreed to acquire an additional 20% stake in pet bottle caps and crown caps maker Lunarmech Technologies for ₹15 crore (US$2.1 million). The transaction will […]

Flour Mills of Nigeria banks on turnaround initiatives to boost growth

NIGERIA-Flour Mills of Nigeria Plc (FMN), one of Nigeria’s leading integrated food and agro-allied company, envisions continuous growth in key segments as strategy to delivered improved margins and operational efficiencies which will in turn result […]

Nigerian Breweries unveils new sleek and stylish Heineken beer cans

NIGERIA – Heineken, through its Nigerian bottler Nigerian Breweries, has launched two new sleek and stylish 33cl cans for the packaging of its premium beer brand in Nigeria. This is part of the Dutch brewing […]

Berlin Packaging acquires Dutch manufacturer Vincap & Adolfse

NETHERLAND -Berlin Packaging has acquired Netherlands-based Vincap & Adolfse Packaging for an undisclosed sum to expand its footprint in the European market. Vincap & Adolfse brings extensive experience in food and beverage closures and pharmaceutical […]

FDA announces corporate agreement to implement produce safety rule

USA – The U.S. Food and Drug Administration (FDA) and the National Association of State Departments of Agriculture (NASDA) have announced a new corporate agreement for the implementation of the produce safety rule. The Produce […]

Uber Eats to pull out of South Korea amid tough competition

SOUTH KOREA – Uber Eats will be terminating its restaurant delivery business service in South Korea and exiting the market. The move comes as the food delivery platform continues to face intense competition in the […]

AfDB signs US$5.4m financing agreements to boost agriculture sector

AFRICA – The African Development Bank (AfDB) and the African Fertilizer and Agribusiness Partnership (AFAP) have signed grant agreements worth US$5.4 million that seek to boost the agriculture sector. The agreement aims to officially launch Africa […]

European brewers to include ingredient and calorie counts on beer labels

EUROPE – European beer producer have committed to add ingredients and calorie information on all beer bottles and cans in the EU market by 2022. This follows the recently signed a memorandum of understanding (MoU) […]

Chinese eCommerce giant Alibaba set for a new era as Jack Ma departs

CHINA – The Chinese eCommerce giant, Alibaba Group is set to embrace a new chapter in the company’s management following the departure of its high profile founder, Jack Ma. Jack Ma, who is leaving the […]