Competition Commission of India clears Walmart’s US$16bn Flipkart acquisition

INDIA- The Indian regulator has approved Walmart’s US$16 billion acquisition of India’s largest e-commerce firm Flipkart, its biggest takeover ever in a fast growing retail space. In May, Walmart announced the acquisition of 77% stake […]

AB InBev to build new brewery in Mozambique, Nigerian brewery to open this month

MOZAMBIQUE- Anheuser-Busch InBev (AB InBev), the world’s largest brewing company has said it is investing in a new brewery in Maputo, Mozambique whose construction is set to start second-half of 2019. While the sum of […]

Coca-Cola Beverages SA appoints Flora Jika as new logistics director

SOUTH AFRICA – Coca-Cola Beverages South Africa (CCBSA) has appointed Flora Jika as the new logistics director after working with the company for almost ten years, Business Day has reported. Jika, a holder of master’s […]

Food Control agency shuts down Kripsy Kreme over expired ingredients

NIGERIA- National Agency for Food and Drug Administration and Control (NAFDAC) and Consumer Protection Council (CPC) have shut down Kripsy Kreme Doughnuts confectionary in Victoria Island, Lagos over use of expired fillings and imposed expiry dates, […]

Tongaat Hulett shareholders reject remuneration policy as CFO steps down

SOUTH AFRICA – The complementary sugarcane and maize feedstocks company, Tongaat Hulett’s shareholders have voted against a non-binding advisory resolution endorsing the company’s remuneration policy at its Annual General Meeting. Meanwhile, CFO Murray Munro who […]

Perdue Farms subsidiary acquires Cargill’s closed elevator in the US

USA – Perdue AgriBusiness, the grain subsidiary of the Salisbury based Perdue Farms has acquired a shuttered Cargill grain elevator in Vincennes, Indiana, U.S, set to reopen for the 2018 harvest. The companies said while […]

Seaboard sustains a US$2m loss in milling unit in the second quarter

USA – The Kansas based agribusiness company, Seaboard Corp has reported a loss of US$2 million in its Commodity Trading and Milling (CT&M) segment during the second quarter ended June 30. The company had operating […]

IFF reports strong results of 9% net sales increase in the second quarter

USA – International Flavors & Fragrances, an American corporation producing flavors and fragrances and cosmetic actives, has reported strong results of 9% sales increase to US$920 million in its second quarter results. According to the […]

IMCD completes acquisition of US specialty chemicals distributor E.T. Horn Company

USA – IMCD N.V., a leading distributor of specialty chemicals and food ingredients, has announced that it has successfully completed the acquisition of 100% of the outstanding shares of US specialty chemicals distributor E.T. Horn […]