Coca-Cola Amatil launches venture capital arm Amatil X in Indonesia

ASIA – Coca-Cola Amatil has announced that it will launch its corporate venture capital arm Amatil X in Indonesia as it looks to accelerate innovation and investment in local startups. Launched last year, the venture […]

Müller reduces milk and cream range to reduce food and plastic waste

UK – Müller Milk & Ingredients (MMI) has unveiled intentions to remove up to 40% of its 835 fresh milk and cream SKU’s (Stock Keeping Unit) in the UK as part of the ambitious goal […]

Fairlife to build US$200m dairy production facility in the US

USA – Coca-Cola’s brand of ultra-filtered milk, Fairlife has unveiled plans to build a new production facility worth US$200 million in Arizona, US with a goal to expand its production facilities. The new 300,000 square […]

IFC invests US$3m in agri-logistics group to expand services in Myanmar

ASIA – The International Finance Corporation, IFC has provided US$3 million loan facility to SLCM Limited, a Delhi-based agri­ logistics group to expand its warehousing services in Myanmar. According to IFC, the credit facility will […]

Wessanen agrees to US$997m takeover offer from a consortium of PAI

UK – The Kallø, Whole Earth, and Clipper Teas brands owner Wessanen UK has announced that it has accepted a takeover offer from a consortium of private equity firm in a US$997.83 million (885 million […]

Craft Brew Alliance launches low alcohol, low-calorie seltzer drink

USA – Craft Brew Alliance’s growth unit pH Experiment is set to launch a new line of low alcohol, low calorie seltzers to delight consumers during the summer. The new product, Pacer Low Proof Seltzer […]

World Bank pumps US$7.93m in establishing abattoirs to boost livestock sector in Kenya

KENYA – The World Bank will inject US$7.93 million (Sh800 million) in establishing abattoirs across major pastoralism areas in Kenya in a bid to promote the local and export market for livestock products. Harry Kimutai, […]

Devenish Nutrition acquires 42% stake in Kenya’s animal feeds firm Sidai Africa

KENYA – Devenish Nutrition, a North Ireland based agri-business firm, has acquired a 42% stake valued at US$2.22 million (Shs225 million) in Kenya based animal feed manufacturer, Sidai Africa. Christie Peacock, Sidia Africa founder said […]

Kenya’s DL Group opens tea warehouse facility in Tanzania to boost regional trading

TANZANIA – DL Group of Companies Limited, a Kenyan based firm has invested in a tea warehouse facility in Dar es Salaam, Tanzania ahead of the proposed regional tea trading and export projects through the […]

World Bank launches agri-tech platform to boost agriculture sector in Kenya

KENYA – The World Bank has launched a digital agriculture technologies innovation platform in Kenya that seeks to boost agriculture sector by providing solutions around productivity, market access, financial inclusion and information to farmers. The […]