Zeder shareholders to rip big upon completion of Pioneer Foods buyout

SOUTH AFRICA – Agribusiness and food-focused investment group Zeder expecting subdued value growth in the rest of its financial year, is set to return capital to shareholders and invest in new opportunities if the sale […]

Agritech start-up secures a loan facility for expansion of precision agriculture solutions

KENYA – Lantera a Kenyan agri-tech startup has obtained a loan facility of an undisclosed amount from Kenya Climate Innovation Center (KCIC) to enable it to meet its early targets as it prepares to raise […]

Singapore mulls ban of advertisements for sugary drinks to curb diabetes

SINGAPORE – Singapore plans to implement a ban on advertisements of certain fizzy drinks and juices as part of a raft of measures to curb high diabetes rates associated with consumption of sugar. As one […]

Ethiopian firm invests US$20m in two water bottling plants

ETHIOPIA – A local Ethiopian investment firm, Gold Group has built two water bottling plants in separate parts of Oromia Regional State, Southern Ethiopia worth 600 million Br (US$20m) investment. Gold Group has set up […]

Walmart chief executive for US Greg Foran to step down early 2020

USA – Walmart Inc has announced that its chief executive in charge US operations, Greg Foran will be leaving the company at the end of January 2020. The American retailer has appointed the head of […]

Nestlé develops completely plant-based “bacon cheeseburger”

SWITZERLAND – Nestlé has developed new vegan alternatives to cheese and bacon, designed to complement its existing plant-based burger patties. This makes it the first food and beverage company to develop and produce all three […]

USDA reduces United States’ corn and soybean production forecasts to five-year low

USA – The U.S. Department of Agriculture in a recent report placed the projected production of corn in the Unites States at 13.779 billion bushels, down by 19.816 million bushels from the September forecast. In […]

2 Sisters sells UK-based bakery foods business to Valeo Foods for US$83.48m

UK – 2 Sisters Food Group has entered into an agreement to sell its UK-based pudding business, trading as Matthew Walker to Valeo Foods Group for £67 million (US$83.48m). Headquartered in Derbyshire, Matthew Walker produces […]