IMCD acquires Matrix Ingredients operations in Singapore and Malaysia

NETHERLANDS – IMCD, a leading distributor of speciality chemicals and food ingredients, has acquired the food distribution business of Matrix Ingredients in Singapore and Malaysia, for an undisclosed sum. Following the transaction, Maxim Ingredients International Pte. Ltd. and […]

Surlat merges with Quillayes to strengthen Emmi’s operations in US

USA – Surlat, a Chilean dairy company and subsidiary of Emmi has merged with its competitor Quillayes to strengthen Emmi’s presence in Latin American. The merger has resulted into a new company, Quillayes Surlat, in […]

Cargill partners with White Dog Labs on sustainable aquafeed alternatives

USA – Cargill has entered into an agreement with White Dog Labs to expand its offerings of sustainable alternatives to fishmeal in the aquafeed sector. The deal secures access to ProTyton, White Dog Labs’ single-cell […]

Dangote Group scales up investments in Nigeria’s Agriculture sector

NIGERIA – Dangote Group, Nigeria’s leading diversified investment firm, has announced that it was scaling up its investment in the country’s agriculture sector. The pan-African congromelate which owns NASCON Allied Industries, Dangote Flour mills and […]

Central Bank of Nigeria introduces new policy to regulate milk importation

NIGERIA – The Central Bank of Nigeria (CBN) has banned commercial banks and other authorised dealers from accepting Bills for Collections as means of payment for milk importation and its related products. Under the new […]

AfDB calls for more investments in Africa’s food markets to enhance food security

AFRICA – The African Development Bank (AfDB) has called on governments across Africa to invest in food markets in order to enhance food security in the continent. Speaking during the 7th Tokyo International Conference on […]

Cold storage and logistics firm BigCold gets Food Safety System Certification

KENYA – BigCold Logistics, Kenya’s leading cold storage and logistics company, has received the Food Safety System Certification 22000 (FSSC 22000), becoming the first food storage and transport company in East Africa to get the […]

RCL Foods reports full year loss amid challenging operating environment

SOUTH AFRICA – The South African consumer goods and milling company, RCL Foods has reported an after-tax loss of R184m (US$12.08m) for the year ending June 2019, as increased pressure on its sugar and chicken […]