RSPO tightens standards to enhance palm oil sustainability

AFRICA – The Roundtable on Sustainable Palm Oil (RSPO), a palm oil industry watchdog, has introduced tougher rules to its members in the industry as it seeks to make the edible oil ‘greener’. RSPO says […]

Agricultural trader ETG secures US$128m funding to boost operations

KENYA – The Export Trading Group (ETG), a Kenya-based agricultural commodities trader, is set to receive US$128 million (Sh12.8 bn) funding from financial institutions to enable the firm finance its operations. Lead by the United […]

Nigeria and US sign 5-year deal to enhance food security

NIGERIA – Nigeria and the United States of America and have signed a declaration of partnership to launch a five-year plan to improve food security, build greater resilience, and improve household nutrition in the country. […]

Milco SA gets commission nod to acquire Clover Industries

SOUTH AFRICA – The Competition Commission has conditionally approved the US$343.95 million (R4.8bn) sale of South Africa’s branded foods and beverages group Clover Industries Limited to Milco SA. The consortium (Milco SA) led by Tel […]

South African Breweries gets nod to acquire Diageo’s Smirnoff franchise rights

SOUTH AFRICA – The Competition Commission has conditionally approved South African Breweries’ (SAB) bid to acquire franchise rights of Diageo’s Smirnoff ready-to-drink (RTD) brands in South Africa. This will see SAB, South African subsidiary world’s […]

Nigeria’s agriculture exports decline 11.5% to US$239.32m in three months

NIGERIA – Nigeria’s agricultural goods exports in the first quarter of 2019 dropped by 11.5% from US$270.45 million (N97.3bn) recorded in the fourth quarter of 2018 to 239.32 million (N86.1bn). According to data from the […]

Ghana and Cote D’Ivoire lift suspension on 2020/2021 cocoa sales

WEST AFRICA – Ghana and Cote D’Ivoire, the world’s two largest cocoa producers have lifted the suspension of cocoa sales for the 2020/2021 season. The two West African countries, on June 12 announced the decision […]

Simbisa Brands opens additional branch in Zimbabwe

ZIMBABWE – Simbisa Brands, Zimbabwe’s leading fast foods chain operator, has opened a second outlet in Kwekwe, central Zimbabwe. The branch, according to the group’s managing director, Mr Warren Mears, will run Simbisa’s Chicken Inn […]

Kenyan retailer Naivas Supermarkets suspends sale of red meat pending quality assessment

KENYA – Naivas Supermarkets has suspended the sale of red meat across all its stores countrywide to allow for the results of independent testing of its meat and assessment of its supplier base. This follows […]