SOUTH AFRICA – SA will most likely harvest 7.44-million tonnes of maize in 2016, 25% less than the 9.94-million tonnes reaped last year, because of a scorching drought, the Crop Estimates Committee (CEC) said on Wednesday.
GHANA – Guinness Ghana Breweries Limited (GGBL), Ghana’s leading beverage business and a Diageo business has appointed Francis Agbonlahor as the new Managing Director.
GHANA – The Kwame Nkrumah University of Science and Technology (KNUST) is to begin large-scale production of nutritious fresh milk to generate more revenue for its activities.
ZIMBABWE – Zimbabwe has secured a $200 million loan facility from the Afreximbank for maize imports to avert hunger, central bank governor has said.
ETHIOPIA – Schulze Global Investments (SGI) has invested three to seven million dollars in a local milk processing company, MB Plc, for a 45pc share of the company.
KENYA – The Competition Authority of Kenya (CAK) has cleared millers of price-fixing claims, throwing the government back to the drawing board in its bid to keep flour prices down.
SWITZERLAND – Swiss dough processing solutions provider Rondo has appointed Coen Nikkels to lead its Industrial Solutions (RIS) business.
NIGERIA – Coca-Cola, the world’s leader in soft beverages, has bought an initial 40% shareholding in Nigeria’s Chi Limited, the leading dairy and beverages producer in the country and the West Africa region.
SOUTH AFRICA – The spot price of white maize reached a record high of R5,140 a ton in Monday morning trade.
SOUTH AFRICA – Grand Parade Investments (GPI), which brought Burger King to SA in 2013, on Thursday announced it has signed a franchise agreement with Nasdaq-listed Dunkin’ Brands to open as many as 250 Dunkin’ Donuts and 70 Baskin Robbins stores in SA.