Heineken lays foundation stone for new Mozambique brewery

MOZAMBIQUE – The World’s number 2 brewery Heineken has laid the foundation stone to set up its first brewery in Mozambique, as it boosts its investments in Africa and other developing economies to cushion stagnant or slow growth in developed economies. This new brewery, valued at US$100 million is located in the province of Maputo,…

Steinhoff Africa exercises its call to acquire majority vote at Shoprite

SOUTH AFRICA - Africa's biggest food retailer, Shoprite, on Friday confirmed that Steinhoff Africa Retail (Star) had exercised the call options to acquire a 23.1percent economic stake in and a 50.6percent voting control of the company. “The implementation of the investment by Star in Shoprite Holdings is subject to a number of conditions precedent, including…

Sign up to speak at Africa’s leading food industry conferences 

AFRICA - The Africa Food Manufacturing & Safety Summit (AFMASS) Conferences & Exhibitions are seeking thought leaders to speak at the 2018 editions of the event to be held in Kenya and Zambia. AFMASS, which will celebrate 4 years in 2018, started as a small food safety conference in 2015, has grown to be a respected…

Tiger Brands eyes Africa expansion, with caution

SOUTH AFRICA - Tiger Brands was looking for acquisitions outside SA and would place more emphasis on due diligence than in the past, management said on Monday. CEO Lawrence MacDougall said the consumer goods group had a "clearer" acquisition strategy that focused on core product categories. Tiger had also "upweighted" due diligence considerations and would…

Streamlined Nampak packs new zest, reports 3% rise in profits

SOUTH AFRICA - Nampak, Africa’s largest packaging manufacturer, posted a 3 percent hike in group trading profit, helped by the strong performance of the metals division in South Africa and Angola in the year ended September. Nampak chief executive André de Ruyter said in a statement yesterday that the JSE company's performance had been resilient…

WHO report highlights rise in malnutrition, obesity in Africa, decries data gaps

AFRICA - A newly released nutrition report by the World Health Organization (WHO) Regional Office for Africa has revealed that under-nutrition is still persistent in the Continent while the number of stunted children has increased. The Africa Nutrition Report, which was launched in Abidjan, Ivory Coast also indicates that a growing number of children under…

Supermarket surge on the cards in Ivory Coast

IVORY COAST - Despite Cote d’Ivoire still being dominated by a traditional trade retail base, the Nielsen Shopper World Conference held in Abidjan, Cote d’Ivoire, has found that the country’s modern trade arena has seen the greatest evolution in the last two years and therefore holds the most potential for growth. This has been spurred…