Zambia partners with USAID in commissioning first hybrid maize seed export to DRC

ZAMBIA – Zambian government in partnership with the South African Development Community (SADC) Secretariat and the USAID have commissioned the first hybrid maize seed export from Zambia to the Democratic Republic of Congo (DRC). This […]

Serengeti Breweries minority investors to raise US$30.8m in new deal

TANZANIA -Serengeti Breweries minority investors are set to inject an additional Sh3.2 billion (US$30.8m) capital into the breweries as part of it’s deal with the majority shareholder, East African Breweries (EABL). The deal follows the […]

AAK snaps majority stake in lecithin producer Soya International

UK – Specialty ingredients supplier, AAK has acquired 80 percent shareholding in Soya International to expand its ingredient portfolio with speciality lecithins. Soya International focuses on the sourcing, processing and distribution of semi-specialty and speciality […]

EU injects US$16.5m into Ethiopia’s coffee sector to boost production

ETHIOPIA – The European Union (EU) has issued funding worth €15 million (US$16.5m) to the Ethiopian government to support the country’s coffee sector under the EU-Coffee Action for Ethiopia. Coffee is one of the most […]

Olam secures US$525m funding to support its sustainability commitments

SINGAPORE — Olam International and its wholly owned subsidiary, Olam Treasury Pte. Ltd., have secured a US$525 million revolving credit facility linked to meeting sustainability key performance indicators (KPI). The credit facility will support Olam’s […]

USAID donates cold storage facility to Zambia Seed Control and Certification Institute

ZAMBIA – The USA government through USAID’s Feed the Future Southern Africa Seed Trade Project, officially handed over a rebuilt cold storage facility to the Zambia Seed Control and Certification Institute, SCCI in Chilanga Southern […]

Kroger partners with PBFA in piloting plant-based meat retail concept

USA – The American retailing company, Kroger has teamed up with Plant Based Foods Association (PBFA) to test a plant-based meat concept within its conventional meat department in 60 stores. The retail concept will run […]

Kraft Heinz leads seed funding in animal-free cheese maker

USA – New Culture, maker of animal-free dairy cheese has closed a US$3.5 million seed funding round led by Evolv Ventures, the Kraft Heinz’s US$100 million venture fund. New Culture, which was founded in late […]

McDonald’s to acquire AI firm Apprente to expand its tech capabilities

USA – McDonald’s has secured an agreement to acquire California based tech firm Apprente, to enable the company expand its tech capabilities in the growing fast-food sector. Apprente develops voiced-based conversational technology powered by artificial […]