Chandaria Group invests in Kenya’s food startup Savannah Brands

KENYA – Chandaria Group’s investment arm, Chandaria Capital, has invested in Kenyan food and beverage start-up, Savannah brands, as the first investor in the company’s seed funding round. Chandaria Capital backing marks and important milestone […]

Kenya halts maize imports plans from Mexico, turns to regional market

KENYA – The Ministry of Agriculture in Kenya has halted importation of 11.1 million bags of maize from Mexico and will instead be importing the commodity from Common Market for Eastern and Southern Africa (COMESA) […]

Kenya partners with EU in setting up US$1.7m banana processing facility

KENYA – Kenya has initiated construction of a US$1.7 million (Sh170 million) banana processing plant co-funded by the European Union (EU) in Kisii county, Western Kenya. The value addition facility is set to boost banana […]

Kenya’s Capital Markets Authority to oversee coffee exchange as new regulations kick in

KENYA – Kenya has published new regulations, The Crops (Coffee) (General) Regulations, 2019 that will see the Nairobi Coffee Exchange being the licenced by the Capital Markets Authority (CMA). Published in July 1, the new […]

CBN mulls ban on forex for dairy imports into Nigeria to boost local production

NIGERIA – The Central Bank of Nigeria (CBN) is said to be undertaking reforms that will restrict foreign exchange availability for dairy imports in a bid to boost local production and investment in ranches. Against […]

COCOCBOD embarks on efforts to stimulate growth in Ghana’s cocoa industry

GHANA – After successfully setting cocoa flour prices, Ghana’s Cocoa Board  (COCOBOD) is now set to drive growth in volumes of the commodity as it seeks to net more revenues from the international market.   […]

Private capital fund 1K1V invests in Lesotho-based healthy food company

LESOTHO – One Thousand & One Voices® (1K1V), a South African capital fund, has announced its growth capital investment in The Rosehip Company, an export-focused healthy food company based in the Kingdom of Lesotho.  The […]

Bunge and BP to create biofuels joint venture in Brazil

BRAZIL – Agribusiness giant, Bunge Limited and BP Plc have agreed to create a new biofuels joint venture in Brazil, one of the world’s largest fast-growing markets for biofuels. The 50:50 JV will create a […]

Nestle and Starbucks launch Starbucks coffee creamers in the US

USA – Nestle and Starbucks have launched a line of refrigerated creamers under Starbucks brand in the USA as part of the global business alliance. The new Starbucks Creamers are the fourth product platform launched […]

Campari Group to acquire French rums Trois Rivières and La Mauny

FRANCE – Italian drinks company, Campari Group has entered into exclusive talks with Chevrillon to acquire French company Rhumantilles SAS, the owner of premium rum brands Trois Rivières and La Mauny. Rhumantilles owns 96.5% of […]