Kerry commits US$1.14m to improve food & nutrition security in West Africa

NIGER – The public food company, Kerry Group has unveiled a US$1.14 million (€1 million) commitment to improve food security, nutrition and the overall livelihoods in the Tahoua Region of Niger. The four-year project supported […]

One Water bottler to triple capacity with two new plastic bottles and caps plants

ETHIOPIA – Mogle Bottled Water Manufacturing, Ethiopia’s bottler of One Water brand plans to triple its production capacity and unveil two facilities for the manufacture of plastic bottles and caps. An Addis Fortune report indicates […]

Federal Agency inks deal to construct 25 silos for wheat and teff value chain

ETHIOPIA – The Federal Cooperative Agency has signed a Memorandum of Understanding with the heads of regional cooperatives to construct 25 silos to be used by agricultural cooperative unions involved in teff and wheat value chain […]

Guinness Nigeria posts 14% increase in revenue despite declining beer market

NIGERIA – Guinness Nigeria Plc has reported 14% rise in revenue to US$395.07 million from US$347.93 million recorded in the 2017 financial year despite the continued decline of the beer market, reports Beverage Industry News. […]

EXIM Bank Tanzania commits investment to support cashew farmers

TANZANIA – EXIM Bank Tanzania has pledged to support cashew farmers in Mtwara, Tanzania with US$87,328.00 investment meant to enhance productivity in the industry during 2018 season. According to Daily News, the move is geared […]

South Africa based Naspers plans further investment in Swiggy

INDIA – Naspers Ltd., Africa’s largest company by market value has indicated that it plans to further invest in the Indian food delivery business, Swiggy through its third fund-raising round of the year. According to […]

Cadila Healthcare to acquire Kraft Heinz India business for US$628m

INDIA – Zydus Wellness, a subsidiary of Cadila Healthcare, fourth largest pharmaceutical group in India will acquire the consumer brand business of Kraft Heinz in India for US$628 million. The transaction which is expected to […]

USADF invests US$24m to boost small-scale farming in Nigeria

NIGERIA – The United States Africa Development Foundation has invested about US$24 million (N8.64 billion) towards boosting capacity of farmers in Nigeria, reports the Guardian. This will help in improving the country’s agricultural sector, critical […]

Shoprite to reward customers for reusing newly launched plastic bags

SOUTH AFRICA – South Africa’s largest supermarket chain, Shoprite has announced that it will pay customers for reusing its newly introduced ‘planet’ plastic bags in an effort to control plastic pollution, reports Business Day. According […]

PIC and Pelo agrees to buy Africa’s largest feedlot Karan Beef for US$365m

SOUTH AFRICA – The South African state owned entity, Public Investment Corp. and black-owned investment firm Pelo Agricultural Ventures have acquired a majority stake in Karan Beef, which operates the largest cattle feedlot and abattoir […]