Kenya’s sugar imports rise to reach 189,000 tonnes in nine months to September

KENYA – Kenya’s sugar imports have clicked 189,000 tonnes in the nine months to September, a significant reduction from the 933,000 tonnes of sugar it imported last year. A report by the East African revealed […]

Zimbabwe’s fast food and retail operators re-open as the economy improves

ZIMBABWE – Zimbabwe’s fast food chains and retail operators have reopened their stores after closing down on difficult trading and economic conditions that rocked the country in the recent past. Among them KFC (Kentucky Fried […]

International Breweries names consultancy firm XLR8 as Public Relations partner

NIGERIA – International Breweries, the Nigerian subsidiary of the world’s largest brewer, AB InBev has appointed leading communications consultancy, XLR8 to manage its public relations. According to Beverage Industry News, XLRB will be responsible for […]

Walmart to offload 570 office workers onto outside company

USA – Walmart, the American multinational retail corporation is transferring 570 workers from finance and accounting department to an outside company which will help in the retailer’s financial operations. According to a New York Times report, […]

Ferrero India slips into losses as profit in the year 2018 decline 17%

INDIA –  Kinder Joy chocolate maker Ferrero India has posted a 17% decline in profit with a net loss of US$12.26 million during the year ended March 2018. According to Economic Times report, this is […]

Diageo sells portfolio of nine brands to Sazerac for US$550m

USA – The British multinational alcoholic beverages company has agreed the sale of nineteen brands to a privately held American alcoholic beverage company, Sazerac for a consideration of US$550 million. Diageo has also entered into […]

Ukraine grain exports forecast to rise to 42.5 million tonnes

EUROPE – Ukraine grain exports are projected to rise to 42.5 million tonnes in the 2018-19 marketing year (July-June) boosted by higher harvests expected during the period. According to Ukraine’s agriculture ministry, Ukraine expects to […]

Bunge adds lentil functional flour to portfolio of clean label ingredients

USA – Bunge Ltd.’s North American operating arm, Bunge North America has introduced pulse based, lentil functional flour to its portfolio of clean label ingredients. The new product is said to be rich in protein, […]