Nestlé invests in organic baby snacks production in Portugal

EUROPE – Nestlé Portugal will be investing up to €40 million (US$44.15 million) in two organic baby snacks production facilities in Portugal to expand its product range. The company will be investing €11 million (US$12.14 […]

French firm Tereos to shut sugar operations in Kenya and South Africa

KENYA – French sugar maker Tereos said Tereos Commodities will close its offices and halt sugar trading in Kenya and South Africa as part of a global review of its strategy. Tereos, which reported a […]

Nestlé Health Science expands into personalized nutrition with acquisition of Persona

SWITZERLAND – Nestlé Health Science (NHSc), through its USA based Atrium Professional Brands business has acquired PersonaTM in a move that seeks to enable the company expand into personalized nutrition sector. Established in 2017, PersonaTM […]

Kenyan tea processor Ketepa eyes Nigeria, South Africa markets to boost sales

KENYA – Kenya Tea Packers (Ketepa) is seeking to expand its market across the continent as it as looks to grow sales of ready-to-drink tea varieties, with focus markets including South Africa and Nigeria. The […]

Nestlé unveils US$100m expansion plan of three factories in Indonesia

INDONESIA – Nestlé has announced a US$100 million investment to expand three factories in Indonesia, as the company aims to increase its current production capacity in the country by 25%. The investment will be used […]

Nestle Ghana records 12.8% growth during 2018 financial year

GHANA – Nestlé Ghana Limited recorded a 12.8% growth in its 2018 financial year across its business supported by strong performance of the company’s downstream distributors This is according to Ms Philomena Tan, Managing Director […]

Kenya eyes Chinese market for lucrative avocado and stevia exports

KENYA – Kenya is set to market its avocado produce in the Chinese market after the Ministry of Agriculture launched an initiative that seeks to expand the country’s market at a global scale. According to […]

Nestle Nigeria reports profits growth by 27.5% to US$165.22m

NIGERIA – Nestle Nigeria Plc has posted US$165.22 million profit before tax during its financial year ended 31st December 2018 up from US$129.5 million in its previous year which represents a 27.5% growth. The company’s […]

Nestle India reports 9.6% growth in profits to US$47.96m in Q4

INDIA – Nestle India reported a 9.6% growth in net profits to US$47.896 million for its fourth quarter period ended 31st December 2018 up from US$43.76 million posted in the corresponding period in its previous […]

Technology firms partner in launching digital aquaponics to address malnutrition

SOUTH AFRICA – South Africa’s IT firm Matsei Technologies and Consulting has partnered IFS corporate in the launch of digital aquaponics farming solution aimed at addressing malnutrition in the country. The ‘smart agriculture’ initiative uses […]