Tanzania’s Reserve agency to receive US$6m to buy 28,000 tonnes of maize

TANZANIA – The National Food Reserve Agency (NFRA) will receive US$6.56 million from the government of Tanzania to be used for purchasing 28,000 tonnes of maize, only 2% of the surplus commodity to be purchased […]

Astral’s full year’s earnings to surge 85% as poultry demand weakens

SOUTH AFRICA – Astral Foods’ Earnings per Share (EPS) for the 12 months ending 30 September 2018 is expected to increase by at least 85% from the previous year as poultry sales volumes and selling […]

Grocery delivery startup DailyNinja secures funding from Matrix Partners India

ASIA – The Indian online milk and grocery delivery platform, DailyNinja has secured an undisclosed amount of funding from the venture capital firm, Matrix Partners India with participation from existing investors- Sequoia India and Saama […]

PepsiCo India launches new Kurkure snack variants to tap local market

ASIA – PepsiCo India’s salty snacks division has launched new variants of Twistkeen under its popular brand Kurkure to build its presence in the local space, an ET Retail report notes. Developed in line with […]

Amazon and Samara to acquire food and grocery chain Birla’s More for US$584m

ASIA – Amazon, together with the India-focused private equity firm, Samara Capital have signed a deal to acquire Aditya Birla Group’s food and grocery store, More for US$584.26 million. According to two senior industry executives […]

Coca-Cola to complete acquisition of Nigeria’s largest juice company, Chi Limited

NIGERIA – The world’s soft drinks giant, Coca-Cola is planning to acquire the remaining 60% stake in Nigeria’s leading juice and snacks producer, Chi Limited with the deal to close early next year. The Coca-Cola […]

Firmenich to acquire the US taste innovation and biotechnology firm Senomyx

SWITZERLAND – The Swiss fragrance and flavour solutions company Firmenich has reached an agreement to acquire Senomyx Inc., an American based flavours and taste firm with the deal expected to close in the fourth quarter […]

Coca-Cola in talks with cannabis-infused beverages company Aurora Cannabis

USA – The Coca-Cola Company, the global manufacturer for non-alcoholic beverages, is in “serious talks” with Aurora Cannabis Inc. to develop cannabis-infused beverages, a move that would signal a significant foray into the marijuana sector. […]

Coca-Cola acquires kombucha maker Organic & Raw Trading company

USA – The Coca-Cola Company, the global beverages manufacturer, has acquired kombucha maker Organic & Raw Trading Co., which makes the MOJO brand of naturally fermented, live culture, organic kombucha drinks. The company said that MOJO kombucha […]