Cargill to invest US$112m in corn processing plant in China

ASIA – Leading agribusiness company, Cargill has said that it will invest US$112 million at its corn processing facility in Songyuan, Jilin, China in capacity expansions. This is part of the joint initiative between Cargill […]

Diageo partners Jiangsu Yanghe Distillery to launch premium whiskey in China

ASIA – British multinational brewer, Diageo has formed a joint venture with Jiangsu Yanghe Distillery to launch a ‘new-to-world’ premium whisky in China. Called ‘Zhong Shi Ji’, the new whiskey brand was crafted by master […]

Shoprite shareholders clinch new deal in restructuring strategy

SOUTH AFRICA – Shoprite Holding’s shareholders have entered into a tripartite agreement with potential investors in a move that seeks to dilute Shoprite chairperson Christo Wiese’s voting rights. The agreement with Thibault Square Financial Services […]

Coca-Cola revenues grow 5% in Q1 as it counts on innovation to drive growth

USA – The Coca-Cola Company has reported solid operating results in the first quarter, registering 5% growth in revenues supported by strong innovation within leader brands which included double-digit growth for Coca-Cola Zero Sugar. Net […]

Tata Global to acquire Dhunseri’s branded tea business for US$14.4m

INDIA – Tata Global Beverages, multinational non-alcoholic beverages company in India has agreed to acquire the branded tea business of Dhunseri Tea & Industries Ltd (TGBL) for US$14.45 million (₹101 crore). Economic Times reports that […]

Firm unveils new potato processing plant to boost sector in Kenya

KENYA – The newly established Engineer Foods Processing plant, a potato processing plant in Nyandarua County, is set to significantly boost the sector by addressing perennial challenges associated with the crop. Located in the leading […]

Mars Wrigley’s opens US$70m manufacturing plant in Kenya

KENYA – Mars Wrigley Confectionary, Unites States based confectionary maker, has inaugurated a new US$70 million (Sh7bn) plant in Athi River, Kenya as it seeks to diversify its local confectionery product portfolio. Speaking during the […]

Chinese firm to invest US$1.48m in new cashew nut processing plant in Tanzaina

TANZANIA – Yalin International, a Chinese firm, has unveiled plans of investing US$1.48 million (Tshs3.4bn) in setting up a new cashew nut processing plant in Tanzania. According to a report by Ipp Media, the plant […]