National Foods posts 25% rise in profits favored by new political regime

ZIMBABWE – Zimbabwe’s largest milling company, National Foods Ltd has managed 25% rise in profits to US$17.174 million for the year ended 30 June 2018 and expects to benefit from better economic environment for its […]

Tanzania secures coffee, tea and legumes market in China

TANZANIA – Tanzania Trade Development Authority (TTDA) has said that the country has secure d a market for coffee, cashew nuts, ginger, tea, peas, and legumes in China where there is high demand for the […]

Keurig Dr Pepper to acquire CORE Nutrition LLC for US$525m

USA – Keurig Dr Pepper, an American beverage-maker conglomerate, has announced that it has entered into a definitive agreement to acquire CORE Nutrition LLC at a value of US$525 million, or approximately US$435 million net […]

Germany set to become a net grain importer on drought related losses

GERMANY – Germany is expected to increase imports of soybeans, soybean meal and become a net importer on production losses related to drought, ‘a weather incident of national extent’, said a report from the U.S. […]

Ghana and Ivory Coast launch Hortifresh programme to boost horticultural production

GHANA – Ghana and Ivory Coast have launched the Hortifresh West Africa Programme to boost horticultural production and exports, reports GNA. The programme, supported by the Netherlands aims to establish a sustainable and internationally competitive […]

China’s grain imports fall on rising prices and impact of US tariffs

ASIA – China’s sorghum imports in July declined by 62.5% to 220,000 tonnes from 588,364 tonnes a year ago, impacted by heavy tariffs imposed on shipments from the United States and rising international prices, reports […]

Simbisa Brands revenue increases 33% as it consolidates regional hold

ZIMBABWE – Zimbabwe’s Quick service restaurant (QSR) group, Simbisa Brands Limited’s revenue for the year ended 30 June increased 33% from US$151.1 million to US$204.7 million on expansion, consolidation and acquisitions in the regional markets. […]

Tanzania Breweries half year profit falls 16% on difficult business environment

TANZANIA – Tanzania Breweries Ltd, the country’s largest brewing company has reported 16% decline in profit to US$28.25 million for the six months ended June 2018 due to challenging business environment, reports Daily News Tanzania. […]

Hormel Foods to invest US$150m for expansion of Burke facility in Nevada

USA – Hormel Foods Corporation, a global branded food company, has announced that it will be investing approximately US$150 million in an expansion of the company’s Burke manufacturing facility in Nevada, Iowa. Burke is one […]