Zimbabwe imports 17,000 tonnes of maize from Tanzania to ease shortage

ZIMBABWE – Zimbabwe has commenced importation of 17,000 tonnes of maize from Tanzania to alleviate food shortages brought about by the El-Nino-induced drought compounded by Cyclone Idai which hit Zimbabwe in March, destroying many crops […]

Serengeti Breweries minority investors to raise US$30.8m in new deal

TANZANIA -Serengeti Breweries minority investors are set to inject an additional Sh3.2 billion (US$30.8m) capital into the breweries as part of it’s deal with the majority shareholder, East African Breweries (EABL). The deal follows the […]

Three start ups announced winners of Nestlé Sub-Saharan Africa innovation challenge

AFRICA – Nestlé has announced the winners of the Sub-Saharan Africa innovation challenge that was launched in May 2019 as part of its efforts to contribute to the local innovation ecosystem. Selected from among a […]

Tanzania’s Bakhresa Group rebrands Azam wheat flour in expansion strategy

TANZANIA – Bakhresa Group, the operator of flour mills that manufacture Azam food flour brands, has rebranded its Azam wheat flour into multipurpose flour to boost market penetration. The move is part of the company’s […]

Tanzania’s coffee production rises to four years high on improved conditions

TANZANIA – Tanzania’s coffee production has almost doubled to four years high, thanks to good weather and high crop circle boom this season. Tanzania Coffee Board (TCB), acting Director General Primus Kimaryo notes that the […]

Tanzania’s MeTL Group inaugurates US$89.17m processing facility

TANZANIA – The Mohammed Enterprises Tanzania Limited (MeTL) Group, a Tanzania based diversified investment company, has inaugurated new wheat and maize processing facility after investing US$89.17million (TShs 205bn). The latest 21st Century Food and Packaging […]

Kenya to purchase 1m tonnes of maize, flour from Tanzania to avert shortage

KENYA – Kenya has entered into an agreement with Tanzania for the purchase of one million metric tonnes of maize and flour to help the country bridge a shortfall of the commodity. Government officials from […]

East African Breweries reports 57% jump in full-year profits to US$115m

KENYA – The East African Breweries Limited (EABL) posted a 57.34 per cent growth in net profit to US$115 million (Sh11.5 billion) for the year ending 30th June 2019. The company’s performance was boosted by a […]