Coca-Cola halts plans to refranchise African bottling unit, retains majority stake

SOUTH AFRICA – Multinational beverage giant, The Coca-Cola Company, has unveiled that it would retain its majority stake in South African-based Coca-Cola Beverages Africa (CCBA) as talks to find a bottling partner(s) could not be concluded. Coca-Cola previously announced its intention to refranchise CCBA, the largest bottler of Coca-Cola beverages in Africa serving 12 countries…

Tropikal Brands partners Africa Improved Foods, launches new product

KENYA – Tropikal Brands Afrika, a Kenyan consumer goods manufacturer, has partnered with a Rwandan-based food processing company Africa Improved Foods to ensure sustained quality of grains sourced from across Eastern Africa. Speaking during the launch of the newly developed porridge flour under the brand name ‘Nutripro’, Davies Mukuria, Tropikal Brands Afrika Managing Director, unveiled…

Pioneer Foods reports 11.5% growth in half-year revenues to US$768.43m

SOUTH AFRICA – Pioneer Foods, South Africa’s largest food producer, has reported a 11.5% growth in revenues to US$768.43 million (R11.039bn) during its half year results for the period ended 31st March 2019. The company said the growth was majorly driven by growth in bread, wheat, rice, beverages, cereals and sausage rolls in Nigeria, reports…

Nigerian state government relaunches Gossy Table Water into local market

NIGERIA – The Ekiti State Government, in Southwest region of Nigeria, has commissioned a bottled water production plant marking the relaunch of the ‘Gossy Table Water’ brand a year after the parent company was liquidated. Gossy Water Company was initially established as a joint business venture under Adeniyi Adebayo with the commissioning indicating the commencement…

Simbisa Brands partners Spanish delivery firm in online food delivery deal

KENYA – Fast food restaurant operator, Simbisa Brands, has partnered with Spanish delivery firm, Glovo, in integrating an online food delivery platform in a bid to improve its operations. The partnership is part of the group’s growth plan which will enable convenient access of Simbisa Brands fast food offerings from its locally operated outlets including…

Kenyan tea agency secures US$10m credit facility to improve trading operations

KENYA – The Kenya Tea Development Agency Holdings (KTDA) has secured a US$10 million (Sh1 billion) credit facility from the International Finance Corporation (IFC) to help the agricultural firm improve its tea trading operations. The funds will form part of KTDA’s planned total investment of US$17.7 million (Sh1.7 billion) aimed at upgrading its warehouses and…

Zimbabwe’s poultry sector recorded 19% decline in output in first quarter

ZIMBABWE – The poultry industry in Zimbabwe recorded a 19% decline in output during the first quarter of the year attributed to a decline in demand and supply in the sector. Zimbabwe Poultry Association (ZPA) chairperson, Solomon Zawe, said that during the period under review, the sector witnessed high cost of feeds forecasting similar conditions…

COMESA partners tech firm to launch regional seed label verification system

COMESA - The Common Market for Eastern and Southern Africa (COMESA) has partnered mPedigree's GoldKeys technology to launch an online seed label verification system in the region. COMESA, which covers 19 countries across South, East and Central Africa, will utilise the pan-African tech start-up system to remove phony seed concerns and improve business in quality…

Nigeria’s International Breweries appoints Olutoyin Modupe to its Board

NIGERIA - International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company. The Nigerian Stock Exchange (NSE) listed firm manufactures and distributes alcoholic and soft beverages in Nigeria under the  Brands; Trophy Lager, Trophy Black, Castle Milk Stout,…

Cold Storage Company enters into a US$130m joint venture with UK’s Boulstead Beef

ZIMBABWE – Zimbabwe’s cabinet has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor inject US$130 million into the meat processing firm. Monica Mutsvangwa, Information, Publicity and Broadcasting Services Minister, revealed that the agreement will also enable the meat processor…