China to overtake US as the world’s largest grocery market by 2023

CHINA – China is set to become the world’s largest grocery market by 2023 in value terms, overtaking the US which has been benefiting from a strengthening economy. According to the latest statistics from international […]

Pernod Ricard acquires majority stake in spirits producer Rabbit Hole

USA – Pernod Ricard has announced that it has agreed to acquire a majority stake in Louisville, Kentucky based spirits company, Rabbit Hole Whiskey for an undisclosed sum. The deal expands Pernod Ricard’s newly created […]

Nestle launches Materna Opti-Lac to support breastfeeding in lactating mothers

SWITZERLAND – Nestle has launched a new product called MATERNA Opti-Lac to support and protect lactating mothers from risks associated with breastfeeding. The probiotic solution will help them reduce the risk of breast pain and […]

Symrise’s Diana Food opens R&D facility in Canada to drive innovation

CANADA – Diana Food, the nutrition and wellness division of Symrise has opened a new research & development facility in Quebec, Canada to promote innovation in consumer nutrition and well-being solutions. The new center will […]

Cannabis company Coda Signature raises US$24.4m in Series A funding

USA – Coda Signature, a leading brand of premium, cannabis-infused edibles, topicals and concentrates has closed US$24.4 million Series A funding round led by Granite Hall Partners. The funding round which looks to accelerate expansion […]

Zambeef Products half year revenue decline 4% amid challenging environment

ZAMBIA –Zambeef Products PLC, a food products and agribusiness company, posted a 4% decline in revenues to US$118.8 million for the six months to March 31, 2019 amid a challenging operating environment. Zambeef plunged into […]

Barentz forms joint venture with Dutch ingredients company TasteStrik

NETHERLANDS – Barentz International B.V., a leading supplier of ingredients for the food and nutrition industry has formed a joint venture with the Dutch family business, TasteStrik. The joint venture supports Barentz’ strategy of offering […]

Coca-Cola to sell Nairobi regional headquarters facility, relocates to new office

KENYA – Multinational beverage giant, Coca-Cola is set to sell its facility in Nairobi, Kenya which served as the company’s East and Central Africa headquarters. Located in Upperhill in Nairobi, the three-storey complex covering 116,350 […]

State releases 600,000 bags of maize to ease grain shortage

KENYA – Kenya’s National Cereals and Produce Board (NCPB) has resolved to release 600,000 bags of subsidised maize to grain millers aimed at easing grain shortage in the country. According to a Business Daily report, […]

Zimbabwe’s Ariston Holdings sustains growth momentum as revenue increase 50%

ZIMBABWE – Ariston Holdings Limited, a diversified agricultural firm in Zimbabwe, is upbeat of maintaining a growth trajectory in the second half of the current financial year following a 50% growth in revenues for the […]