Former standards boss charged with fraud over unlawful import penalties

KENYA – The former Managing Director and chief executive of the Kenya Bureau of standards, Charles Ongwae has been charged with abuse of office in a fraud suit for enforcing unlawful penalties on imports that cost the government its revenues. A Business Daily report, Mr Ongwae, released on bond, was among other suspects accused of…

PepsiCo North American CEO to retire, appoints Vivek Sankaran as successor

USA – The global snacks and drinks company, PepsiCo has announced that Albert P. Carey, Chief Executive Officer, PepsiCo North America, will retire at the end of March 2019. He will be succeeded by Vivek Sankaran, who currently serves as President and Chief Operating Officer of Frito-Lay North America, as new CEO. In its latest…

UK’s packaging manufacturers to pay recycling costs under waste scheme

UK – The UK government has unveiled a new waste strategy that mandates businesses and manufacturers of packaging to pay the full cost of collecting, recycling or disposing of their packaging waste. Also, supermarkets and other retailers will be charged penalties for putting difficult to recycle packaging such as black plastic trays on the market…

South Africa’s Grand Parade pay policy rejected by investors

SOUTH AFRICA - South Africa’s Grand Parade Investment (GPI), which represents Burger King saw its pay policy rejected after 60.6% votes cast by investors went against the remuneration policy,reports Business Day. “I think shareholders know that fundamentally Grand Parade has not performed for at least three years, so why should the revolving door of management…

Simbisa Brands appoints new managing director for Kenyan operations

KENYA – Simbisa Brands, Zimbabwe’s largest fast food restaurant has appointed Salim Eceolaza as the new managing director of its quick service restaurant operations in Kenya, reports Business Daily. Mr Eceolaza, a Zimbabwean national, has been serving as the fast food chain’s group finance director and will succeed Mrs Katija Berlee. “We congratulate him on his…

Walmart India COO Devendra Chawla resigns after 15 months on job

INDIA – Devendra Chawla, Chief Operating Officer of Walmart India, a wholly owned subsidiary of the America retail giant Walmart has resigned after serving the company for almost 15 months. According to people familiar with the matter, mentioned by ET Retail, Devendra who was put to the task last year is currently serving the notice…

Nigerian Breweries announce director resignation and appointments to its board

NIGERIA – Nigerian distributor of lager and stout beer, Nigerian Breweries has announced the appointment of one resignation and two new appointments of Non-Executive Directors to its board,reports Beverage Industry News. The company has appointed of Mr Oluseyi Bickersteth and Mrs Adeyinka O. Aroyewun as Non-Executive Directors while Chief Samuel O. Bolarinde, a Non-Executive Director…

Cargill India appoints Simon George as new President

INDIA – The American agricultural major, Cargill has appointed Simon George, as the new President of its Indian business to succeed Siraj Chaudhry who stepped down as Chairman and Cargill’s country representative. Simon was Managing Director for starches and sweeteners division in the country and brings in 30 years’ experience from the industry that is,…

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 Farm to Market Alliance (FtMA), an initiative aimed at affording smallholder farmers to access farm inputs and markets for their…

Nigerian Breweries ordered to reinforce employee retirement policy

NIGERIA – The National Industrial Court of Nigeria has made a ruling mandating Nigerian Breweries to include early retirement policy in its employee handbook, reports BeverageIndustryNews. The ruling requires the brewing company to specify the pre-qualification, notice period and severance package in order to avoid litigation of the policy. This follows claims by a former…