Kenya’s Keroche Breweries trapped in US$140m tax fraud allegations

KENYA – Kenya’s second largest brewer, Keroche Breweries is facing inquiry for allegedly evading tax amounting to US$140 million (Ksh14.4 billion) between January 2015 and June 2019. This is according to investigations by the Kenya […]

Danone’s Nutricia debuts first ‘Karicare Toddler Sheep Milk’ formulation

AUSTRALIA – Danone’s Nutricia, global leader in specialised nutrition has launched its first Karicare Toddler Sheep Milk formulation in Australia. Nutricia said that the launch of the product represents “a significant step for the New […]

Ajinomoto to acquire majority stake in US liquid seasonings producer MTG

USA – Japan based seasonings producer, Ajinomoto Group has signed a share purchase agreement to acquire a 50.1 percent equity stake in US-based French sauces and stocks producer More Than Gourmet Holdings (MTG). The agreement […]

Del Monte Kenya reiterates commitment to promoting environmental and food safety

KENYA – Leading fruits processor in Kenya, Del Monte Kenya has reiterated its commitment in promoting environmental and food safety in its facilities and operations following a recent expose on river water pollution that was […]

Tribunal conditionally approves merger of South Africa’s ostrich processing giants

SOUTH AFRICA – The Competition Tribunal has approved the merger between the biggest ostrich processing companies, Klein Karoo International (KKI) and Mosstrich. The companies supply ostrich slaughter and ostrich feather-related services to ostrich farmers and […]

Nestlé teams up with University of Ghana on scientific research

GHANA – Nestlé Ghana and the University of Ghana have signed a two-year renewable agreement aimed at enhancing scientific research and student practical study in relation to the food and nutrition value chain. The partnership […]

Barentz forms JV with SK Chemtrade to accelerate growth in South Africa

SOUTH AFRICA – Barentz International, a leading global ingredient distributor has formed a joint venture with South Africa headquartered raw materials supplier SK Chemtrade Services as it seeks to expand in the market. SK Chemtrade, […]

General Mills names Kofi Bruce to succeed Don Mulligan as CFO

USA – General Mills has appointed Kofi Bruce to succeed Don Mulligan as the company’s next chief financial officer among other several changes in its senior leadership team. Mulligan is planning to retire effective June […]

UK to institute new National Food Strategy as food systems review kicks off

UK – The UK government has launched a call for evidence to inform a major review of the food industry as its readies to set up a new National Food Strategy (NFS). The views will […]

Seychelles in talks with EU on US$33.29m sustainable fisheries deal

SEYCHELLES – Seychelles and the European Union (EU) have initiated the first round of negotiations for a new Sustainable Fisheries Partnership Agreement and Protocol worth US$33.29 million. The Sustainable Fisheries Partnership Agreement is a longstanding […]