SOUTH AFRICA – Oceana could become one of the biggest fishing companies in the world after it confirmed a R4.6bn deal in the US on Tuesday.
NIGERIA – Indications emerged on Tuesday that the packaged water industry in the country now generates N8 billion turnover daily.
SOUTH AFRICA – Tiger Brands’ Kenyan and Nigerian operations continued to drag it down, though South African operations proved resilient, interim results to March showed on Wednesday.
SOUTH AFRICA – East Africa is high on Pioneer Food’s radar, as the food producer looks to Africa’s booming economies to boost growth.
BOTSWANA – Choppies, the Botswana-based grocer, will use its planned JSE listing on May 27 to grow in SA, but more importantly as a springboard into Africa’s faster-growing economies.
ETHIOPIA – A new Chinese company, Shaoxing Li Enterprise, is to inaugurate in May a woven polypropylene bag factory, said to be the largest in Ethiopia so far, with a capital of 520 million Br and a designed production capacity of 27,000tn a year.
NIGERIA – Shareholders of Nestle Plc have approved the firms’ N17.50kobo dividend for the 2014 financial year, even as they stressed the need for the company to reduce the number of shareholders in the unclaimed dividend list.
SOUTH AFRICA – KFC MD Doug Smart on Monday tried to calm customers following a hygiene scandal at the Braamfontein outlet last week.
GHANA – Samba Foods Limited, an indigenous food processing and preservation business, became the first local company to list and trade its shares on the Ghana Alternative Market (GAX).
SOUTH AFRICA – The Amstel Lite beer can will not be replaced nor amended in the market‚ Brandhouse Beverages announced on Wednesday.