AB InBev and SA Breweries invest US$30m in new production line

SOUTH AFRICA - Anheuser-Busch (AB) InBev Africa and South African Breweries (SAB) have invested US$30.92 million in a new production line launched at SAB’s Ibhayi Brewery in Port Elizabeth. This is the second line at the brewery, which was commissioned in 2001 with US$45.91 million in investment. According to Engineering News, the new packaging line…

Crookes Brothers records 285% increase in macadamia production

SOUTH AFRICA - Crookes Brothers, the South African agricultural company has said production of macadamia crop increased by 285% to 200 tonnes in the year ended 31 March 2018. According to IOL Business report, the company which also operates in Swaziland, Zambia and Mozambique is seeking to increase production of macadamia nuts by making more…

Distell records flat group revenue on single-digit volume decline

SOUTH AFRICA - Distell Group, Africa’s leading wines and spirits company has said revenue for the three months ended 30 September 2018 was flat due to single-digit volume declines compared to the prior year, reports Business Day. The period has experienced a surge in excise duties which have not only affected revenues but also sales…

Coca-Cola to launch sugar-free Fanta in the Kenyan market

KENYA - Soda maker Coca-Cola Beverages Africa (CCBA) plans to introduce its sugar-free range of Fanta Zero in Kenya next month, expanding its healthy drinks portfolio on the market, reports Business Daily. It follows successful launch of Sprite Zero, Stoney Zero and Coke Zero in the market where an increasing number of consumers are turning…

Nigerian Breweries records US$41m profit for Q3, to pay 60 kobo interim dividend

NIGERIA – Nigerian Breweries Plc has reported US$41.32 million profit for the nine months ended September 30, 2018, and has proposed interim dividend of 60 kobo per share, according to ThisDayLive. It recorded US$702 million in revenue, down from US$744 million in 2017 while gross profit stood at US$260m compared with US$294m in the corresponding…

Indiana Packers agrees to acquire Speciality Foods Group in undisclosed sum

INDIA - Indiana Packers Corp. (IPC), a subsidiary of Tokyo-based Mitsubishi Corp., has reached an agreement to acquire Specialty Foods Group, L.L.C., in undisclosed financial terms. According to the company, it said the acquisition will strengthen its foundation for growth as well as position it to leverage valuable synergies relating to raw material utilization, manufacturing…

Organic Denmark supports Zanzibar farmers to export organic fruits and veges to EU

ZANZIBAR - Organic Denmark is financing a three-year project that accords small scale farmers a commercial opportunity to export organic fruits and vegetables to European countries. The project has an aim of promoting development of organic farming and production in Zanzibar while extending their market reach beyond the domestic boundaries. IPP media reports the funding…

KP Snacks to acquire Tyrrells snack brands from Hershey Company

UK - The Intersnack Group has announced that it has reached agreement for its KP Snacks business to acquire Tyrrells, Inc. and its global portfolio of better-for-you, premium snack brands from The Hershey Company and its subsidiaries for an undisclosed sum. According to the company, the Tyrrells business includes a Head Office and two manufacturing…

Astral commits US$104.7m investment in plant expansion in 3 years

SOUTH AFRICA - Astral Foods, a leading integrated poultry producer has announced plans to invest in plant expansion with more than US$104 million in capital expenditure for the next three years to improve capacity and efficiencies, according to Business Report. Astral CEO Chris Schutte revealed the plans after reporting improved results, a 15% rise in…

Nairobi Bottlers: Investing in new juice plant on the journey to a total beverage company

Nairobi Bottlers Ltd commissioned a new juice manufacturing plant in May 2017, as the company expands its products offering to meet new consumer requirements for healthier beverages. Food Business Africa had a discussion with Duncan Kimani, the Manufacturing Director for Coca-Cola Beverage Africa’s portfolio of companies in Kenya to discuss the importance of this new…