Ethiopian industrial conglomerate invests US$1.64m in new flour milling plant

ETHIOPIA – The A.S.S.E.S. Industry Plc, an Ethiopian conglomerate, has invested US$1.64 million in establishing a modern wheat flour processing plant in Amhara Regional state, Ethiopia. Established on a 1,254 Square metre land, the new […]

Ghana commences trade of soybean at commodity exchange platform

GHANA – The Ghana Commodity Exchange (GCX) has commenced the sale of soybean through the platform in a move to formalise and develop the value chain. Speaking during the launch of soybean on the Exchange […]

Ethiopian government to privatize 13 sugar factories to improve efficiencies

ETHIOPIA – The Ethiopian government has embarked on the process of privatizing 13 sugar factories that are operational or under construction as it seeks to enhance efficiency and improve productivity. According to Addis Fortune, the […]

Global wine production on record high, Italy remains largest producer

WORLD – Global wine production reached record high level at 292.3MHL (millions of hectolitres) in 2018 as Italy remains the world’s largest producer, according to recent report by the International Organisation of Vine and Wine […]

Saputo completes acquisition of Dairy Crest for US$1.2b

UK – Canadian dairy company, Saputo has announced that it has completed the acquisition of Dairy Crest, a United Kingdom-based milk products company in a transaction valuing the company at US$1.2 billion (£975 million). Dairy […]

Kenyan retailer Uchumi Supermarkets banks on franchising to drive growth

KENYA – Kenya based retailer, Uchumi Supermarkets, has unveiled plans of franchising more of its branches across the country in a move that aims at enabling the retailer recover its performance and grow its business. […]

Coca-Cola Amatil pledges to use 70% recycled plastic bottles by 2019

AUSTRALIA – Coca-Cola Amatil has announced that it targets to make 70% of its plastic bottles entirely from recycled plastic by the end of 2019 as it looks to improve its environmental carbon footprint. The […]

Jack Daniel’s launches new golden whiskey in the United States

USA – Jack Daniel’s, leading American whiskey brand has introduced a new golden whiskey called Jack Daniel’s No. 27 Gold Tennessee Whiskey in the United states. This comes after a successful launch of the range […]

Kenya’s monthly coffee earnings sink 24% to US$76.98m as global glut persists

KENYA – Kenya’s Coffee earnings have continued to record a decline as the country’s March 2019 sales plunged 24% to US$76.98 million (Sh7.8 bn) against US$102.65 million (Sh10.4bn) realised in the same period last year, […]