International Breweries to raise capital through Rights Issue

NIGERIA – International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev has notified the Nigerian Stock Exchange (NSE) of its intention to seek a “Rights Issue” as a form of capital raising for the company, […]

Chi Ltd unveils new pack design for its Hollandia Evaporated Milk brand

NIGERIA – Chi Limited, a fast moving consumer good company owned by coco-cola company has launched a new packaging design for its Hollandia Evaporated Milk brand. The new packaging shows the nutritious benefits of Hollandia […]

Premiercon Ltd backs consumption of non-maize starchy foods in diversification strategy

ZAMBIA – The Chief Executive Officer of Premiercon Starch Company Limited, Lubasi Yuyi has welcomed the move to promote consumption of non-maize starchy foods which are climate change resilient such as cassava, yams and sweet […]

Danone to produce bio dairy products at Romanian factory after US$3.3m investment

ROMANIA – French dairy group Danone has invested €3 million (US$3.3m) in setting up a new product line at its Bucharest factory, southern Romania that will see the company introduce bio dairy products in the […]

Wow! Momo Foods raises US$23m in funding to support expansion

INDIA – Quick service restaurant operator Wow! Momo Foods has raised US$23 million (RS 163 crore) in series B funding led by New York-based private equity major Tiger Global to enable the operator scale up […]

Kerry Group launches ‘Radicle’ plant-based food solutions

IRELAND – Kerry Taste & Nutrition has launched the ‘Radicle by Kerry’ range of taste, nutrition and functional solutions as the company seeks to offer customers an integrated solution of plant based foods. The Radicle […]

Diageo maintains organic sales forecast despite uncertainties in global trade policies

UK – Multinational spirits maker, Diageo said that it expects to meet its full-year organic sales targets, adding that it had a good start to 2020 financial year. In a trading commentary ahead of the […]

ADM opens largest mill in North America to expand capabilities

USA – Food processing giant, Archer Daniels Midland (ADM) has opened a new state-of-the-art flour mill in Mendota, Illinois, offering unparalleled efficiency and flexibility for customers across the Midwest. The mill, which is the largest […]