Reliance Industries Ltd to invest US$1.4bn in India’s e-commerce sector

INDIA – Reliance Industries Limited (RIL), an energy and telecoms conglomerate, has unveiled plans of investing US1.4 billion into India’s e-commerce sector as part of its diversification strategy, reports ET Retail. The investment by RIL […]

Tanzanian government pays US$225.6m to cashew nut farmers

TANZANIA – The Tanzanian government has so far released US$225.6 million for the purchase of more than 134 000 tonnes of cashew nuts from farmers, reports Daily News. According to Omar Mgumba, Deputy Minister for […]

Ghana seeks US$300m to prop up underperforming cocoa regulator

GHANA – Ghana has embarked on engaging lenders as it seeks to raise US$300 million in credit to support the country’s cocoa regulator, Cocoa Board (COCOBOD), which has been struggling with losses. Ghana Cocoa Board, […]

Nigeria sees competition and consumer protection bill signed into law

NIGERIA – Nigeria’s President, Muhammadu Buhari, has assented to the Federal Competition and Consumer Protection Act 2019 that seeks to ensure competitive trade in the country and ensure production of quality products reports Guardian. In […]

Tanzania avocado producer Africado receives US$2.8m loan from Finnish fund

TANZANIA – Africado Limited, a Tanzanaian avocado producer, has secured US$2.8 million loan from Finnfund, a Finnish development finance company, to boost production. Africado Chief Executive Officer, James Parsons, said that the funding will enable […]

Zimbabwe’s dairy producer Dendairy set to expand production

ZIMBABWE –  Dendairy Limited, dairy producer in Zimbabwe is set to commission three new packaging lines as part of its ongoing expansion drive as it seeks to boost its production capacity, reports The Herald. The […]

Tyson Foods to acquire BRF’s European and Thai operations for US$340m

USA – The American food corporation, Tyson Foods has announced that it has reached an agreement to acquire BRF SA’s operations in Thailand and Europe at a purchase price of US$340 million. The deal includes […]

Givaudan opens US$59.8m flavours manufacturing facility in India

INDIA – World flavors and fragrances company, Givaudan has inaugurated a new flavours manufacturing facility valued at US$59.8 million in Pune, India as it expands its capabilities in the country. The investment, which is also […]

Campbell Soup sells personalized nutrition business to healthcare firm Viome

USA – Campbell Soup Company has agreed to sell its personalised nutrition business, Habit to Seattle based healthcare company, Viome in a transaction whose details were not disclosed. The two firms combine strengths in personalized […]

DMK Group opens new US$164.4m baby formula plant in Germany

GERMANY – DMK Group, Germany’s largest dairy cooperative has opened a state-of-the-art baby formula manufacturing facility in Strückhausen in Wesermarsch after investing approximately US$164.4 million (145 million euros). The investment highlights the dairy company’s commitment […]