Rhodes Food to acquire RCL’s protein snacking business for US$2.1m

SOUTH AFRICA – Rhodes Food Group, one of the top listed food companies on Johannesburg Stock Exchange has said that it is in the process of concluding a deal to acquire RCL Foods’ protein snacking […]

Ethiopia’s Wonji Sugar up for privatization in a US$393m deal

ETHIOPIA – Ethiopian oldest sugar estate, Wonji Shoa Sugar Factory has started negotiations with the government to sell the company to a private buyer, Ethio-Sugar Manufacturing S.C in a deal valued at US$393.41 million (11 […]

TradeMark East Africa to invest US$2.4m in Rwanda to boost meat, cereals export

RWANDA – TradeMark East Africa (TMEA) has announced that it will be investing US$2.4 million (Rwf2.1 billion) in Rwanda to boost export sector including fruits, vegetables, roots and tubers, legumes and cereals, meat, eggs and […]

Venture capital firm Vakayi invests in Zimbabwe’s hatchery ZimAvian

ZIMBABWE –  Vakayi Capital, a venture capital company investing in outstanding entrepreneurs in Zimbabwe has said that it has concluded its second investment project in Zimbabwe, with the latest round in ZimAvian (Pvt) Ltd, a […]

Campbell Soup posts 25% rise in sales in Q1 boosted by acquisitions

USA – Campbell Soup reported US$2.69 million in net sales, a 25% increase in the first quarter ended Oct. 28, highlighting the benefit from the acquisitions of Snyder’s-Lance Inc. and Pacific Foods of Oregon. Net […]

FrieslandCampina considers closure of cheese production facility in Bree, Belgium

BELGIUM – Royal FrieslandCampina has said that it is investigating the possibility to close its mozzarella cheese production location in Bree, Belgium since the production facility ‘does not live up to the profitability expectations’. The […]

Tate & Lyle to unveil new ‘no-calorie’ stevia based sweeteners in Europe

UK – The British ingredients company, Tate & Lyle plans to introduce new no-calorie sweeteners extracted from stevia leaves, a portfolio developed in partnership with Sweet Green Fields. The two variants, Optimizer Stevia 4.10 and […]

Tesco and WWF join forces to improve sustainability of UK food chain

UK – The UK grocery retailer, Tesco has announced a four-year partnership with WWF (World Wide Fund for Nature), a global conservation organisation to enhance sustainability of the UK food chain. The partnership aims to […]