Consultants suggest complete reconfiguration of Ethiopian sugar industry

ETHIOPIA – Consultants hired to shape the future sugar sector in Ethiopia have urged the government to remove the existing 33 percent excise tax levied on local producers, reports The Reporter. In a public consultation […]

Coca-Cola, Dangote eyeing stake in Ethiopian Sugar industry

ETHIOPIA – In the wake of privatizing Ethiopia’s state-owned sugar plants and properties, heavyweight industry players are joining the race with Coca-Cola Company under its subsidiary in Ethiopia and Nigeria-based Dangote Group expressing their interest. […]

Somalia’s aquaculture sector receives major boost from the FAO

SOMALIA – The United Nations Food and Agricultural Organization (FAO) has handed over 12 fishing vessels with inboard diesel engines to Puntland State authorities in Somalia. “The vessels are another contribution from the Coastal Communities […]

Tanzania Agricultural Development Bank supports agricultural initiative with US$4.9m investment

TANZANIA – State-owned Tanzania Agricultural Development Bank (TADB) has reaffirmed its commitment to increase funding for irrigation schemes by dishing out loans amounting to 11.48bn/- (US$4.9m) for various projects countrywide. The regions that have so […]

Japanese retailer Aeon partners with Ocado to expand its online grocery business

JAPAN – Japan’s leading supermarket operator, Aeon has entered into an exclusive partnership agreement with Ocado Solutions, a division of London-based online grocer Ocado Group to expand its e-commerce. Aeon will leverage on Ocado’s nearly […]

Takasago expands in Asia with US$25m Indonesian flavours facility

INDONESIA – Takasago, the Japanese flavours and fragrances company, has opened its first factory in Indonesia, Southeast Asia, to support the company’s expansion in the region. The US$25 million facility has an annual capacity of […]

Nestlé Health Sciences forms strategic partnership with Caelus Health

NETHERLANDS – Nestlé Health Sciences (NHSc) has entered into a strategic collaboration with Amsterdam based biotech company, Caelus Health for the development of food supplements. The aim the collaboration is to further develop and commercialize […]

Nestlé Japan debuts KitKat Chocolatory made entirely from the cocoa fruit

JAPAN – Nestlé Japan has launched the KitKat Chocolatory Cacao Fruit Chocolate , the first product to use a unique chocolate made entirely from the cocoa fruit. According to the confectioner, the iconic crispy KitKat […]