Chr. Hansen ranked world’s most sustainable company

DENMARK – Chr. Hansen, a Denmark-based global bioscience company was ranked as the most sustainable company in the world during the 2019 World Economic Forum in Davos, Switzerland. The ranking done by Corporate Knights, a […]

Tanzania set to commission cassava starch plant

TANZANIA – Tanzania is set to open its Cassava Starch of Tanzania Corporation (CSTC) processing plant which has a capacity to process 60 tonnes of cassava on a daily basis, reports Daily News. Deputy Minister […]

South Africa’s Sea Harvest seeks to acquire full Maraterram’s stake

SOUTH AFRICA – South African fishing and food company, Sea Harvest, has entered into a binding bid implementation agreement with its 56.3% held Australian subsidiary – Mareterram – to potentially acquire all its ordinary shares […]

ADM reports 5.8% rise in full-year revenues with lower earnings in Q4

USA – Archer Daniels Midland Company (ADM) has reported lower than expected earnings in the Q4 while full-year revenues increased by 5.8% to US$64.34 billion boosted by major business segments. In the year ended December […]

Belgian government injects US$1.29m in Tanzania’s banana research facility

TANZANIA – Tanzania’s Nelson Mandela African Institution of Science and Technology has received US$1.29 million from the Belgian government to aid the construction of a state of art banana research centre, reports IPP Media. The […]

Constellation Brands acquires minority stake in US distillery Black Button

USA – The American beer, wine and spirits company, Constellation Brands has acquired a minority stake in craft spirits maker Black Button Distilling for an undisclosed sum. The investment was made through Constellation Ventures which […]

Nigerian Government mulls banning tomato paste imports

NIGERIA-  The federal government of Nigeria has unveiled plans of imposing a total ban on the importation of tomato paste in a bid to boost local tomato production in the country. Speaking during a visit […]

2 Sisters expands Fox’s Biscuits brand with new cookie range in the UK

UK – 2 Sisters group has launched a new cookie range called Double Dough which features two doughs brought together in a single biscuit. The new variant is available in two flavors strawberries and cream, […]