BEEMilk to replace Brimstone Investment in Clover acquisition deal

SOUTH AFRICA – Brimstone Investment Corporation, a South African investment firm, has announced that BEEMilk will be replacing it in the proposed acquisition of Clover Industries, where it was set to hold a 15% stake. […]

PepsiCo to acquire 26% stake in China’s Natural Foods for US$131m

CHINA – PepsiCo has announced that it will acquire 26% stake in China’s second-largest natural health food company, Natural Food International for US$131 million. The US-based beverages and snacks giant will acquire issued ordinary shares […]

Uganda’s Standard body closes sachet-filling machines from 37 alcohol manufacturers

UGANDA – The Uganda National Bureau of Standards has closed over 167 sachet-filling machines from at least 37 alcohol-manufacturing companies as part of enforcing the government’s ban on alcohol sold in sachets. The government through […]

OK Zimbabwe reports 167% growth in sales despite economic hardships

ZIMBABWE – Zimbabwe’s largest retail group, OK Zimbabwe, reported a 167% increase in sales to $398.9 million during its three months period ending June 30, 2019 amid economic challenges experienced during the period. The retailer […]

Natural, clean label and healthier options driving flavor developments

NETHERLANDS – New flavor development and innovations are largely driven by growing interest in natural, clean label and healthier options, according to July 2019 Innova Market Insights report. Global flavor developments in food and beverage […]

Ghanaian lobby group proposes a waiver of excise tax on bottled water

GHANA – The Association of Ghana Industries (AGI) is calling for an excise tax waiver on bottled water in the midyear budget review as it would help make companies in the sector more competitive and […]

Nescafe Azera rebrands with launch of roasted ground coffee bags

UK – Nestle-owned coffee brand Nescafe Azera has unveiled a new fresh visual identity and has introduced roasted ground coffee bags to offer convenience when making fresh coffee. The improved packaging aims to revive the […]

ScaleUpFood launches in the Netherlands to support agri-food ventures

NETHERLANDS – ScaleUpNation, Foodvalley NL and Rabobank have announced the launch of a new initiative, ScaleUpFood dedicated to scaling entrepreneurial ventures in food and agriculture sector. ScaleUpFood will address challenges faced by agri-food ventures and […]

Yili launches new ice cream products for Southeast Asia

ASIA – Asia’s leading dairy products producer, Yili Group is set to unveil eleven new ice cream products in Southeast Asia as it strives to expand its presence in the market. The new products include […]