Kenyan scientists push for the adoption of GM technology

KENYA – The ban of Genetically Modified (GM) technology imposed in the country since 2012 and lack of approvals by the National Environmental Management Authority (NEMA) has been the biggest obstacle to food sustainability, scientists […]

Spur set for share buy back from GPI and Treasury

SOUTH AFRICA – Grand Parade Investments (GPI), a South African restaurant and gaming group has entered into agreement with Spur Corporation to sell its 10% stake, back to the steakhouse company reducing its shareholding from […]

Rhodes Food reports single digit growth in turnover amid challenging environment

SOUTH AFRICA – Rhodes Food Group, a South Africa-based producer of fresh, frozen and long-life convenience meal solutions reported 8.8% growth in turnover for its African operations during the 10 months ended July 2019. The […]

OpenSC raises US$4m to advance traceability technology in the food industry

AUSTRALIA – Impact investor, OpenSC has raised US$4 million in seed funding to further the development of its digital platform, which leverages blockchain and other technologies for tracking food and food products. Following a successful […]

Mark & Spencer partners with infarm in promoting sustainable urban farming

UK – Marks & Spencer is partnering with urban farming platform infarm to deliver a range of fresh produce grown and harvested in some of its stores. The retailer in planning to launch the first […]

Ghana’s Niche Confectionery secures US$8.82m financing to expand production capabilities

GHANA – Niche Confectionery Ltd, a chocolate manufacturer and subsidiary of Niche Cocoa Ltd Ghana has signed a US$8.82 million financing agreement with The Netherlands Development Finance Company (FMO) to support expansion of its cocoa […]

Zimbabwe imports 17,000 tonnes of maize from Tanzania to ease shortage

ZIMBABWE – Zimbabwe has commenced importation of 17,000 tonnes of maize from Tanzania to alleviate food shortages brought about by the El-Nino-induced drought compounded by Cyclone Idai which hit Zimbabwe in March, destroying many crops […]

Ghana’s cocoa regulator secures US$1.3bn loan to finance cocoa purchasing

GHANA – The Ghana Cocoa Board (COCOBOD) has secured US$1.3 billion from a consortium of 24 International French banks to aid in financing the purchase of cocoa in the 2019/2020 crop season. Sources at COCOBOB […]

Blackstone signs definitive deal to buy Coffee Day’s tech park for US$375m

INDIA – American alternative asset management firm, Blackstone Group  has signed a definitive agreement to buy Global Village Tech Park, owned by Coffee Day Enterprise limited. The Coffee Day Enterprise, parent company of India’s leading […]

German confectionery maker Zertus appoints new head of UK & Ireland operations

UK – German based food group, Zertus has appointed Paul Tripp as the new chief executive officer of the company’s operation in the UK and Ireland Snacking & Chocolate Market Unit. Tripp, who assumed office […]