Heineken Rwandan subsidiary to start making the Heineken brand locally

RWANDA – Heineken’s operating unit in Rwanda has said that it will officially launch local production of Heineken beer in its brewery in Gisenyi, Rwanda from December 20, 2018 Rwanda will become the 9th African country […]

Belgian investor to open first cashew nut shell liquid plant in Tanzania

TANZANIA – An unknown Belgian investor is set to open the country’s first cashew nut shell liquid (CNSL) processing facility in Tanzania to produce oil as one step in adding value to the commodity. The […]

Coca-Cola Kenya to sell Nairobi regional headquarters facility for US$10m

KENYA – Soft drinks manufacturer, Coca-Cola has said that it is seeking to sell or rent its Nairobi Upperhill facility at a cost of US$10.05 million (1.03 billion Kenya shillings) in line with the company’s […]

Tiger Brands revenue declines 9% hurt by listeria crisis and a weak economy

SOUTH AFRICA – Tiger Brands, South Africa’s biggest traded packaged-food company has posted 9% decline in revenue to US$2.06 billion as it struggles to recover from listeria outbreak and a weak consumer spending. According to […]

Packaging group Mondi to dump dual listing for a primary one in London

SOUTH AFRICA – The international packaging and paper group Mondi has announced that it plans to dump its dual listing structure for a primary listing in London, reports IOL Business. The company which operates in […]

Tanzania government pays out US$1.95m to cashew nut growers

TANZANIA – The government of Tanzania in conjunction with the Tanzania Agricultural Development Bank (TADB) has released US$1.95 million (Tsh4.5 billion) to pay growers of cashew nuts after they sold their commodity to the government, […]

Firmenich opens new taste creation facility in Manila, the Philippines

ASIA – The Swiss flavors and fragrances company, Firmenich has opened a new, state-of-the-art taste creation facility in Bonifacio Global City, in Manila, the Philippines, growing its tasting capabilities in South East Asia. Firmenich said […]

Orkla to acquire Finland’s chain of pizza restaurants Kotipizza for US$166m

EUROPE – The Norwegian consumer goods conglomerate Orkla has agreed to acquire the Finnish pizza restaurant chain Kotipizza (Kotipizza Group) at a valuation of US$166.24 million. The offer includes purchase all the shares in Kotipizza […]

Royal DSM launches new line of cultures for Spanish Castellano cheese

NETHERLANDS – Royal DSM has developed a new range of cheese cultures, Delvo Cheese CT-500 Castellano, a cheese culture for creating Spanish Castellano-type cheese. The new culture was especially developed to create the highly specific […]