Flipkart and Amazon appeal for more time to comply with new FDI policy

ASIA – Amazon and Walmart-owned Flipkart have appealed to the Indian government seeking more time to comply with the new Foreign Direct Investment (FDI) policy for ecommerce. The firms have requested an extension by up […]

China approves five genetically modified crop imports amid US talks

CHINA – China has approved five new genetically modified crops for import in the midst of the just-began trade talks with the United States, the Ministry of Agriculture and Rural Affairs revealed. The move which […]

Tanzania grants free market access for Uganda soya, sugar and sunflower

TANZANIA – Tanzanian government through the Ministry of Trade has said that Sugar, sunflower and soya exports from Uganda had been cleared and will now freely access Tanzanian market reports, Daily Monitor. This comes after […]

Tanzania government decides to buy cashew nuts stock as dealers cry foul

TANZANIA – Tanzanian President John Magufuli has officially announced that the government would buy all cashew nuts from farmers at about US$1.44 (3,300 Tanzanian shillings) a kilogram. This was after private buyers were reluctant to […]

Salt producers form association to address iodine deficiency

ETHIOPIA – Iodized-salt producing companies in Ethiopia have established a new association in bid to help combat iodine deficiency in the country. According to AddisFortune, the association was formed by the Ethiopian Food, Beverage, & […]

Malaysia to introduce tax on sugary soft drinks and juices

MALAYSIA – Malaysia is set to introduce a tax on ‘high sugar’ beverages including juices and soft drinks effective 1 April 2019 to help address the country’s levels of obesity and sugar related diseases. Finance […]

FDA considers requirement to label sesame as an allergen on packaged foods

USA – The U.S. Food and Drug Administration (FDA) has launched an investigation into the prevalence and severity of sesame allergies in the United States with a possible consideration for a requirement to label sesame […]

United Kingdom hikes wine duty but freezes duty on beer, spirits and cider

UK – United Kingdom Chancellor Phillip Hammond has announced that duty tax on wine will increase while that on beer, spirits and cider would remain the same in line with the rate of inflation, effective […]

Karan Beef and PIC deal to go ahead despite collusion fine

SOUTH AFRICA – The Competition Commission has said that Karan Beef’s collusion fine may unlikely affect its buyout deal with the Public Investment Corporation (PIC), reports Business Day. “In no way does this investigation into […]