Pizza Hut opens 100th store in sub-Saharan Africa

SOUTH AFRICA - Pizza Hut, the American restaurant chain and international franchise has opened a new store in Johannesburg, South Africa with ambitious plans to expand into Africa. It provides Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts in a range of restaurants across Africa. Pizza Hut restaurants now…

Zambeef’s CEO and co-founder Carl Irwin retires

ZAMBIA - Carl Irwin, the joint CEO and co-founder of Zambian agribusiness enterprise Zambeef has retired at end of March after building the company into a ‘multi-national conglomerate’ together with other founders. Carl Irwin is said to have served 23 years of leadership at one of the leading food retailers in Zambia and South Africa. He has greatly…

East African competition authority begins operations to check on malpractices

TANZANIA - The East African Competition Authority has started its operations with a mandate to check on price fixing and other malpractices by investigative firms and trade associations which exploit consumers, The EastAfrican reports. In addition, the authority is undertaking market studies to inform the competitiveness of the regional economy. The Authority, based in Tanzania’s…

Zambeef opens a new outlet to enhance accessibility of meat and dairies

ZAMBIA - Zambeef Products Plc, one of Zambia’s largest producers of beef and other food products including dairy has opened a new macro store, Chalala to enable customers easily access its meat and dairy products. The new Macro outlet adds to the company’s strong retail chain network in Zambia consisting of 78 retail outlets, 19…

Tyson Foods considers sale of pizza crust business

USA - Tyson Foods, the American multinational corporation has announced that it was exploring the sale of its pizza crust business (TNT Crust), while it shifts focus on its core protein business. The company is capitalizing on demand for protein after it reported a 1755 surge in net income for the quarter ended 30, December…

Danone completes US$1.6bn sale of 14% stake in Yakult

FRANCE - Danone has announced that it has completed the US$1.6 billion sale of its 14% stake in the Japanese dairy manufacturer, Yakult after signing a MoU to strengthen probiotic collaboration. In an announcement it made on February 14 2018, Danone said it has sold 24,600,000 shares of Yakult Honsha Co. in a transaction that…

Mondelēz International announces OREO brand will display Cocoa Life logo

USA - Mondelez International has announced that from the end of March, the OREO brand will be covered by its industry leading sustainable cocoa sourcing programme, Cocoa Life. OREO packs will display the Cocoa Life logo, which will be present across the full range by the end of this year. According to the company, this…

Olam secures financing facilities from Asian Development Bank for US$163m

SINGAPORE - Olam International Limited, a leading agri-business operating across the value chain, has secured medium term financing facilities aggregating US$163 million from the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). The Facilities consist of two tranches; a US$83 million, 5-year facility for the Company and a US$80 million, 7-year facility for…