Seychelles in talks with EU on US$33.29m sustainable fisheries deal

SEYCHELLES – Seychelles and the European Union (EU) have initiated the first round of negotiations for a new Sustainable Fisheries Partnership Agreement and Protocol worth US$33.29 million. The Sustainable Fisheries Partnership Agreement is a longstanding […]

Shoprite reports 18.2% decline in full year profits despite growth in sales

SOUTH AFRICA – Africa’s largest retail chain, Shoprite reported 18.2 percent decline in  full year net profit to US$ 273.12 million (R4.2bn) as the South African retailer struggled to lift sales in majority of the […]

CK Asset to acquire UK pub company Greene King for US$3.27bn

UK- CK Asset Holdings, a Hong-Kong based property investment firm has entered into an agreement to acquire UK pub and beer company Greene King for US$3.27 billion (£2.7 billion). Greene King, Britain’s largest pub retailer […]

Kenya Partners South Korea on agricultural project to boost productivity

KENYA – The government of Kenya has partnered with South Korea on an agricultural mechanisation project that seeks to increase productivity. The governments will work jointly under the Korea Africa Food and Agricultural Corporation Initiative […]

Danish Brewing acquires Carlsberg distributor in Kenya King Beverage

KENYA – Danish Brewing East Africa Limited, a subsidiary of Bounty Global Management firm, has acquired Carlsberg and Tuborg beers distributor in Kenya, King Beverage Limited from Centum Investment. Established in 2014, King Beverage enjoys […]

Maple Leaf Foods chief financial officer to stepdown, launches search for successor

CANADA – Maple Leafs Foods, a major Canadian consumer packaged meats company, has announced that its Chief Financial Officer (CFO), Debbie Simpson has decided to leave her position effective November 1, 2019. The company, house […]

Plant-based foods associated with a lower risk of heart diseases, study shows

USA – Diets higher in plant foods and lower in animal foods are associated with a lower risk of cardiovascular disease and mortality in a general population, according to new study by Journal of the […]

Ajinomoto to invest US$84.9m in relocating Malaysian subsidiary

MALAYSIA – Japanese headquartered seasoning major, Ajinomoto will be investing US$84.9 million (MYR355 million) in relocating its Ajinomoto Malaysia Berhad (AMB) subsidiary to a new site in Bandar Enstek, Malaysia. Construction works for the new […]

Ceres Global completes acquisition of Canadian Delmar Commodities

CANADA – Ceres Global, a global agricultural, energy and industrial products merchandising and supply chain company has completed its acquisition of Manitoba, Canada based Delmar Commodities Ltd. According to Ceres, the acquisition includes 100% of […]

Crown Beverage opens new graphics studio to optimize packaging design

USA – Crown Beverage Packaging North America, a business unit of Crown Holdings, has opened a new graphics studio in North America to help beverage brands expedite product launches. The 14, 000 square feet facility […]