Campbell names food industry veteran Mark Clouse President and CEO
USA– Campbell Soup Company has announced that its Board of Directors has elected Mark A….
Year: 2018
Private equity firm ECP buys majority stake in Kenya’s Artcaffe
KENYA (Reuters)– Africa-focussed private equity firm Emerging Capital Partners has acquired a majority stake in…
CCBA completes acquisition of Zambia bottling business from Zambian Breweries
ZAMBIA – Zambia Breweries has finalised the sale of its Coca-Cola bottling business to Coca-Cola Beverages…
Nigerian Breweries to appeal court ruling on Amstel Malta
NIGERIA- Nigerian Breweries Plc has issued a formal statement confirming Edo State High court ruling…
Coca-Cola and USAID commission water and sanitation projects in Nigeria
NIGERIA – The Coca-Cola foundation (TCCF) and The United States Agency for International Development (USAID)…
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…
Wine and spirits firm Pernod Ricard acquires stake in Jumia to grow footprint in Africa
AFRICA – French beverages distillery and the world’s second largest wine and spirits company has…
DOB Equity invests in Coconut Holdings to capitalize on health conscious product
KENYA – DOB Equity, a Dutch family-backed impact investor in East Africa has invested in…
AfDB approves US$75m investment in Sudan’s largest food and agro firm, Dal Group
SUDAN – The African Development Bank (AfDB) has approved a multi-currency loan equivalent to US$75…
Uganda manufacturers push for suspension of digital tax stamps
UGANDA– Uganda manufacturers association has asked the government to suspend the enforcement of Digital Tax…
AfDB invests US$7.5m in Africa Tech Ventures to boost innovative start-ups
AFRICA– African Development Bank (AfDB) has approved a US$7.5 million equity investment in Africa Tech…
AB InBev credit rating downgraded as it struggles to pay US$100b debt, report
SOUTH AFRICA – Anheuser-Busch InBev (AB InBev), an international brewing company’s credit rating has been…
AfDB approves US$130 million to improve access to water in Rwanda
RWANDA – The African Development Bank’s (AfDB) Board has approved additional funding support of €115…
Danone partners Ecosurety to bolster recycling traceability
UK – The food products corporation has signed a three-year recycling partnership with Ecosurety, a…
Cargill outlines plan to achieve 100% cocoa traceability in ending deforestation
NETHERLANDS – The US based agricultural cooperative, Cargill plans to eliminate deforestation in its cocoa…
Canadian grocery firm SPUD raises US$8.2m to grow food delivery unit
CANADA – Sustainable Produce Urban Delivery (SPUD), a Canadian online grocery service has raised US$8.2…
Nestle to close two facilities in Germany, to cut 360 jobs
GERMANY – The Switzerland based food and beverage giant Nestle has announced that it will…
Dairy Farmers of America agrees to acquire Agropur’s Minnesota facility
USA – The Dairy Farmers of America (DFA) has entered a definitive agreement to acquire…
Frigoglass to invest upto US$34m to enhance capacity in Nigerian operations
NIGERIA – The Greek commercial refrigeration and glass manufacturer, Frigoglass has announced that it will…
EU unveils US$11.3m fund to support horticultural, coffee value chains in Rwanda
RWANDA – The European Union has launched a US$11.37 million (10 million Euros) funding to…
Cargill pledges more support to cocoa industry in Ghana
GHANA- Cargill Cocoa and Chocolate Business has said it will continue collaborating with the Ghana…
Nigeria’s State government to commission modern rice and cocoa factories
NIGERIA – Nigeria’s Cross River State Government is set to commission the first ultra-modern rice and…
Nigeria’s Dangote subsidiary launches new ‘Dangote’ seasoning
NIGERIA – Dangote Industries Limited’s subsidiary, NASCON Allied Plc has introduced a new product into…
Guinness Ghana plans to utilize 70% locally sourced raw materials by 2020
GHANA- Guinness Ghana breweries plc has set for itself ambitions to utilize more than 70%…