Private equity firm Norfund invests in Nigerian fast food chain operator Sundry Foods

NIGERIA – The Norwegian Investment Fund for Developing Countries (Norfund) has invested in Sundry Foods, a Nigerian integrated food services company, to enable the firm step up its interests in the food service sector. Port […]

Orkla appoints Jaan Ivar Semlitsch as new President and CEO

NORWAY – Orkla, the Norwegian branded consumer goods conglomerate has appointed Jaan Ivar Semlitsch as the firm’s new President and Chief Executive Officer (CEO), effective 1 December. He succeeds Peter A. Ruzicka, who left the […]

Norwegian seafood exports reach US$2.98b with strong growth for salmon

NORWAY – Norway exported 640,000 tonnes of seafood valued at US$2.98 billion (NOK 25.6 million) in the first quarter of 2019, representing a 7% increase in export value from the same comparable period of the […]

Orkla opens new office headquarters to house its business units in Norway

NORWAY – Leading Norwegian consumer goods company, Orkla has moved its headquarters to a new building in Oslo, Norway where it will house all its business units in Norway. The new offices were inaugurated by […]

Norwegian seafood exports valued at US$1.8b in 2019 boosted by salmons

NORWAY – Norway has exported 406,000 tonnes of seafood valued at US$1.88 billion (NOK 16.4 billion) this year to February, supported by among other factors, strong salmon exports. In February, which Norwegian Seafood Council said […]

Norwegian government, WFP sign US$3m deal to support Tanzanian farmers

TANZANIA – The government of Norway has signed a US$3 million (Tsh8 billion) with the UN World Food Programme (WFP) aimed at improving smallholder farming in Tanzania, reports Daily News. The funding will support the […]

Orkla to acquire Finland’s chain of pizza restaurants Kotipizza for US$166m

EUROPE – The Norwegian consumer goods conglomerate Orkla has agreed to acquire the Finnish pizza restaurant chain Kotipizza (Kotipizza Group) at a valuation of US$166.24 million. The offer includes purchase all the shares in Kotipizza […]