Nigeria’s beverage firm CWAY Group adds yogurt to its portfolio to meet demand

NIGERIA - CWAY Group, the food and beverages maker has expanded its fruit-flavoured milk drink portfolio with the addition of a new yogurt line in a bid to meet consumer demand in the country, reports Beverage Industry News. According to the company, growth in the sub-sector is being driven by the nation’s rising population as…

Bakhresa Group halts flour exports to Kenya on inapt tax rules

TANZANIA - Bakhresa Group which operates one of the largest flour mill in Tanzania has suspended Kenya flour exports on changing rules and systems for exporting goods into the country. The company said frequent changes in tax rules, instituted by the Kenya Revenue Authority (KRA) have slowed its exports to Kenya and led to losses…

Government starts process to sell KWAL, Agrochemical stakes in privatization move

KENYA - The government is seeking to sell its stake in companies such as Kenya Wine Agencies Ltd (Kwal), Kenya Meat Commission (KMC) and Agrochemical and Food Corporation (ACFC) in a deal to render them private. The Privatisation Commission which is seeking consultants on the sale-off, will oversee the process that hopes to unlock billions…

AB InBev partners Accenture to boost sales and distribution in Africa

AFRICA - The world’s largest brewer, AB InBev has entered into an agreement with a leading global professional services company, Accenture to boost its sales and distribution operations on the continent, reports MarketWatch. The three-year contract will see the implementation of the Accenture NewsPage Distributor Management System (DMS), a distributor management and sales force automation…

Solidaridad implements initiative to boost cocoa and palm oil production

SIERRA LEONE - The social and ecological development network Solidaridad is working on two projects with an aim of improving cocoa and palm oil production in Sierra Leone. According to the Concord, the successful implementation of phase two of the Sustainable West African Palm Oil Programme (SWAPP) and the Cocoa Rehabilitation and Intensification Programme (CORIP)…

Pioneer Foods investor Zeder posts 158% growth in earnings

SOUTH AFRICA - Agribusiness and food-focused investment group Zeder has posted 158% increase in recurring headline earnings per share to 9.8 cents due to strong recovery in earnings from most of its investee companies. Zeder has a 27% stake in the South African packaged goods company, Pioneer Foods, representing 49.1% of its entire portfolio. Its…

Research Institute embarks on strategic crossbreeding to boost beef production

TANZANIA - Tanzania Livestock Research Institute (TALIRI) has rolled out a special crossbreeding programme aimed at boosting beef breeds while improving production in the country. The initiative seeks to increase the stock of Boran cattle, a popular Zebu beef breed while addressing challenges faced in beef production. Speaking to Daily News, TALIRI Director General, Dr…

Zambia 2019 budget focuses on broadening tax base, ease foreign debt and diversify through agriculture

ZAMBIA - The government of Zambia has proposed revenue measures in the 2019 budget with a focus to enhance diversification through agriculture and tourism, a move that may be critical in easing the country’s external debt burden which stood at US$9.4 billion at the end of June. Despite increasing concerns on the sustainability of Zambia’s…

Abraaj in talks to sell its Java House interest and Brookside stake to UK fund Actis

KENYA- The British private equity fund Actis is set to acquire Abraaj Holdings’ Kenyan assets including Java House operations and a 10% stake in the country’s leading dairy firm, Brookside Dairy Africa, Business Daily reports. This is after Reuters reported that Actis has placed a bid to acquire Middle East and North Africa private equity…

Kenya Breweries’ trains 300 youth and women through vocational courses

KENYA - Diageo’s local operator Kenya Breweries Limited has unveiled about 300 youth and women graduates from its vocational training and entrepreneurship programme dubbed Heshima. Heshima is a local training initiative aimed at equipping youth and women from across Kenya with entrepreneurial skills at the same time tackling the issue of unemployment among target groups.…