Sugar consumption in South Africa expected to rise by 4% despite decline in production
SOUTH AFRICA – Raw sugar production in South Africa is forecasted to decline by 3%…
AFRICAN NEWS
Namibian private equity firm EOS Capital seeks to raise US$33.5m for agriculture investment
NAMIBIA – EOS Capital, a Namibian private equity fund manager has launched its third fund,…
Zambian Breweries, Serengeti Breweries go digital in running business, initiatives
ZAMBIA – Zambian Breweries Plc, a subsidiary of AB InBev has ventured into use of…
Tuskys appoints former Uchumi finance boss as its new Chief Financial Officer
KENYA – Cash-strapped Kenyan retailer Tuskys Supermarket has tapped former Uchumi Chief Financial Officer Chadwick…
Ugandan milk processor Pearl Dairy expands Lato Yoghurt range with five new flavours
UGANDA – Uganda’s leading dairy processor, Pearl Dairy Farm Limited (PDFL), marketing its products under…
Plastic manufacturer Arkay Plastics gets backing from Spear Capital
SOUTHERN AFRICA – Southern African plastic manufacturer Arkay Plastics has received an undisclosed amount of…
Dairibord’s half year sales volume decline registering 15% drop in revenue
ZIMBABWE – Dairibord Holdings, Zimbabwe’s manufacturer of liquid milk, food and beverage products has seen…
Liberia secures US$9.6m from CCAF to support climate resilient agriculture
LIBERIA – The Government of Liberia has secured US$9.6 million (about L$2 billion) from the…
Middle East becomes Egypt’s first poultry export market after decade-long ban
EGYPT – Egypt is set to resume poultry exports after a 14-year hiatus following a…
South Korea, Japan ban importation of Kenyan coffee for 3 years
KENYA – The Kenyan coffee, one of the most sought-after coffees in the world due…
Seychelles to standardize, certify organic food products in bid to protect consumers
SEYCHELLES – The government of Seychelles through the National Biosecurity Agency is seeking to introduce…
Tanzania Breweries reports 9% decline in half year revenue impacted by COVID-19
TANZANIA – Tanzania Breweries Limited (TBL), a subsidiary of AB InBev has announced a 9%…
Chinese investor to establish US$10m cassava processing factory to produce ethanol in Ghana
GHANA – A Chinese Entrepreneur, Mr Sun Qiang is seeking to invest US$10 million in…
Cargill Ghana through Cargill Kokoo Sourcing Limited ups cocoa payment by 12%
GHANA – Cargill Ghana Limited, has disbursed GHS6 million (US$1.027m) to over 19,000 cocoa farmers…
Namibia opens Katima abattoir after injecting US$845k for renovation
NAMIBIA – Namibia has commenced operations at the Katima Mulilo abattoir after the government injected…
Seed Co Zimbabwe appoints Edworks Mhandu as company’s new Managing Director
ZIMBABWE – Seed Co Zimbabwe, a leading producer and marketer of certified seeds has appointed…
Ugandan coffee exports quantity climb 6.3% fetching US$46.06m in August
UGANDA – One of Africa’s leading coffee exporting countries Uganda, earned US$ 46.06 million from…
State corporation in Kenya CDA launches water brand dubbed Tana Best
KENYA – Kenyan state corporation, Coast Development Authority (CDA) has launched its first bottled water…
Choppies reports single digit rise in revenue boosted by business consolidation, restructuring
BOTSWANA – Southern African retailer, Choppies Supermarket having operations in Botswana, Zimbabwe, Namibia and Zambia…
Zambian agribusiness company Good Nature Agro clinches US$2.1m in Series A funding round
ZAMBIA – Good Nature Agro (GNA), a Zambian social enterprise with focus in the legume…
Shoprite names first female Chair Wendy Lucas-Bull, ending Christo Wiese’s reign
SOUTH AFRICA – Shoprite’s long-serving Chairman Christo Wiese will retire as the chair of the…
Climate change threatens coffee production in world’s best coffee producing region
AFRICA – As the world marks, International Coffee Day which is celebrated annually on October…
Nigeria to prohibit production of alcohol in sachets by 2023/2024
NIGERIA – Nigeria through the National Agency for Food and Drug Administration and Control (NAFDAC)…
Spur Corporation makes strategic appoints in board while naming new CEO, CFO
SOUTH AFRICA – South Africa based fast–food chains operator, Spur Corporation has named Val Nichas…