Retail chain Tuskys taps former Coca-Cola’s director to drive business growth

KENYA – Tuskys Supermarkets, Kenya’s leading retail chain, has appointed Daniel Kipchumba Koech, a former Africa sales and marketing director of Nairobi Bottlers Ltd and subsidiary of Coca-Cola Beverages into a role in the company. […]

Ghana to increase cocoa farmgate price by 5.2% amid strong sales prospects

GHANA – Ghana is set to raise cocoa farmgate prices by 5.2% for the 2019/20 season, the first increase in four years, supported by strong sales of export contracts to chocolate makers and cocoa houses. […]

AfDB explores potential partnerships with Chinese investors on agro-processing

AFRICA – The African Development Bank (AfDB) in Nigeria met a private sector consortium from China to help attract investment through partnerships in the development of special agro-Industrial processing zones (SAPZs) in Nigeria and across […]

AB InBev acquires Platform Beer Co to expand capabilities in US

USA – Belgium based multinational drink and brewing holdings company Anheuser-Busch (AB InBev) has acquired Cleveland-based Platform Beer Co as it seeks to tighten its grip in the US craft beer sector. The deal, whose […]

Kerry Group half year revenues grow 10.7% to US$4bn buoyed by acquisitions

IRELAND – Kerry Group, and Irish dairy cooperative, issued its financial results for the half year ended 30 June 2019 during which the groups revenue increased by 10.7% to US$4 billion (€3.6bn). The increase in […]

AriZona Beverages joins forces with Dixie Brands for cannabis infused line

USA – Arizona Beverages, producers makes Arizona Iced Tea, has partnered with cannabis company Dixie Brands to produce marijuana-infused products containing tetrahydrocannabinol (THC). Arizona Beverages signed a three-year licensing agreement with Dixie Brands that will […]

Tyson Foods builds new facility to boost automation and robotics efforts

USA – Tyson Foods has established a new state of the art facility in Arkansas, US, designed to help the company develop more automation and robotics for its food production plants. The Tyson Manufacturing Automation […]

Kraft Heinz writes down US$1.2bn as first half profits shrink 4.8%

USA – Kraft Heinz reported a 4.8% decline in operating profits to US$12.4 billion in the six months to end June due to gloomier prospects for some of its leading brands, including Oscar Mayer meats. […]

Tolaram Group expands into fruit juice market with the launch of ‘GoodLife Magik’ in Nigeria

NIGERIA – Tolaram Group, a diversified consumer goods company in West Africa and producer of Indomie Noodles in Nigeria, has entered the Nigerian fruit juice market with the launch of Goodlife Majik fruit drink. The […]