AB InBev subsidiary Zambian Breweries promotes water supply in Lusaka

ZAMBIA – Zambian Breweries Plc, a subsidiary of AB InBev has donated K439,000 (US$28,500) towards the Lusaka Water Security Initiative (LuWSI) and has partnered with the Lusaka Water and Sanitation Company (LWSC) in constructing a US$150,000 industrial water borehole in George Compound of Lusaka as part of the company’s 2025 Sustainability goal on water stewardship. The partnership with LWSC comes on the back of the commitment made by ZB at the height of the cholera outbreak of 2018, at which time many lives were lost. The proposed industrial borehole commissioned…

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American distilled spirits maker MGP Ingredients acquires New Columbia Distillers

USA – MGP Ingredients a supplier of distilled spirits and specialty wheat proteins and starches, has acquired Washington, D.C.-based New Columbia Distillers for an undisclosed sum. Founded in 2011, New Columbia Distillers produces and markets Green Hat Gin and operates a distillery with retail tasting room, bar and gin garden in Northeast Washington, D.C. Under its new owner, the distillery and its retail operations will continue to operate with the current management team, and its range of Green Hat Gin styles will be phased into expanded distribution as a new addition…

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Canpack to invest US$80m in expanding beverage cans production capacity

POLAND – Canpack, one of the largest manufacturers of aluminum beverage cans, will be investing over US$80 million in expanding production capacity of its beverage cans manufacturing plants in Russia and Colombia by more than 1 billion cans annually. The investment will see the company increase the production capabilities of its Colombian facility by 46% from the current 1.3 billion cans to 1.9 billion cans annually. In Russia, Canpack said that it will also increase its annual capacity by 34% from 1.9 billion cans to 2.55 billion cans. The expansion…

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Competition Tribunal approves PepsiCo’s US$1.7bn takeover of Poineer Foods

SOUTH AFRICA – The US$1.7bn (R25.52bn) purchase of local food company Pioneer Foods by US giant PepsiCo has been given the go-ahead by the Competition Tribunal. The deal is one of the snack-food giant’s biggest investments outside the US. Pioneer Foods, the local maker of Weet-Bix, Liqui Fruit, and Sasko and Bokomo brands, will be taken off the JSE. PepsiCo’s July offer of R110 a share, was more than 50% of the value of Pioneer Foods’ shares in the month preceding the offer. According to a report by Business Live,…

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Tesco agrees to sell its businesses in Thailand and Malaysia for US$10.6bn

UK – The British multinational grocer, Tesco, has entered into a conditional agreement to sell its business in Thailand and Malaysia to a combination of CP Group entities for an enterprise value of US$10.6 billion (£8.2 billion) on a cash and debt free basis. Under the deal, Tesco will sell the business to a group of CP Group; C.P. Retail Development Company Limited, Charoen Pokphand Holding, CP All Public Limited Company and C.P. Merchandising. The retailer said that the disposal will simplify the larger Tesco Group, enabling a stronger focus…

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Agricultural commodities to significantly boost Nigeria’s US$30bn non-oil export market

NIGERIA – Agricultural exports have been listed among the major revenue generating commodities that have the potential of boosting Nigeria’s revenues from export of non-oil commodities to US$30bn annually. This is according to a recent update by the Nigeria Export Promotion Council (NEPC) Executive Director/Chief Executive Officer, Mr Segun Awolowo, who was addressing a non-oil export conference in Lagos, Nigeria. Awolowo said that council has been at the forefront of zero-oil campaign as well as pushing the products for export. Some of the products that could reap huge returns to…

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Ghana to domestically process 50% of cocoa produce with US$600m AfDB facility

GHANA – Ghana, the second largest producer of cocoa in the world, has reiterated its commitment towards locally processing half of the cocoa that it produces. The Chief Executive of Ghana Cocoa Board (COCOBOD), Joseph Boahen Aidoo echoed the government’s stand after holding a closed-door meeting with Executive Directors of AfDB at the COCOBOD headquarters, in Accra. According to the Public Affairs Manager of COCOBOD, Mr. Fiifi Boafo, the meeting was a precursor to the final processes for the disbursement of the US$600m AfDB credit facility to finance crucial projects…

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The dairy industry in Kenya: production capabilities, investments, innovations and trends

KENYA – The dairy industry in Kenya remains one of the most critical sectors of the economy. With rising innovations, investments and sophistication of the sector, the last few years has seen the emergence of new threats even as there is growing interest by local and international investors in the sector. We review some of the latest trends in the sector since we ran a similar report in this magazine in 2013. The dairy industry in Kenya is one of the most lucrative agricultural and manufacturing activities, with great potential…

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