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 […]

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 […]

Rwanda’s Skol Brewery introduces new look for Skol lager

RWANDA – Skol Brewery, has unveiled a new look for one its beer brands, Skol Lager, in a new campaign that seeks to increase its dominance in the alcoholic beverage market. With no changes on […]

Nampak Zimbabwe reports growth amid unfavourable investment environment

ZIMBABWE – Paper and packaging giant, Nampak Zimbabwe says its capital expenditure projects remain curtailed after it suspended all credit extensions and capital injection by the major shareholder, reports the Chronicle. In a trading update […]

Ghanaian research centre partners Swedish University to transform agric sector

WEST AFRICA – The West Africa Centre for Crop Improvement (WACCI), has entered into a partnership with Swedish University of Agricultural Sciences (SLU) and other research institutions to bolster growth in the agriculture sector. The […]

Agency grants new company licence to process and export purple tea

KENYA – The Tea Directorate of the Agriculture and Food Authority has licensed Horera Forest Edge Tea Company to manufacture, pack and export purple tea products. Horera Forest Edge Tea Company, founded by Robert Murimi, joins […]

Stakeholders fault presidential directive on forex ban for food imports

NIGERIA – Following the recent directive by Nigeria’s President Muhammadu Buhari ordering the Central Bank of Nigeria to stop providing forex for food importation in the country, several stakeholders have called on the Government to […]

Ethiopian firm inaugurates US$1.37m coffee processing plant

ETHIOPIA – Melange Coffee Roasters, a family-owned coffee roaster company has inaugurated a new coffee roasting and packaging plant after investing US$1.37 million (40 million Br). The facility has a daily capacity of roasting 7,500 […]