Dangote Sugar yearly revenue surge by 33%, showcasing resilient performance
NIGERIA – Dangote Sugar Refinery (DSR) has reported a 33% rise in group revenue for…
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Kraft Heinz bolsters sustainability efforts with use of recycled plastic as roofing material
US – American multinational food company Kraft Heinz, has installed new roofs made of recycled…
RCL Foods reports 10.5% rise in interim revenue boosted by its diverse portfolio
SOUTH AFRICA – South African food producer RCL Foods has reported a 10.5% rise in…
Diageo completes purchase of Chase Distillery as its company secretary retires
US – British alcoholic beverages manufacturer Diageo has completed its acquisition of British gin and…
Checkers opens state-of-the-art shop featuring numerous in-store departments
SOUTH AFRICA – Checkers Hyper, a supermarket chain owned by Shoprite has opened its doors…
Senegal secures US$138m from EIB to improve supply of drinking water
SENEGAL – The European Investment Bank (EIB) is set to provide US$138.39 million (€114.5 million)…
Jumia to expand food delivery services, plans to venture into Egyptian market
EGYPT – Jumia, Africa focused ecommerce company is planning to introduce its food delivery service…
Danone CEO to step down even as the French dairy invests in Spain
FRANCE –Emmanuel Faber, Chief Executive Officer (CEO) and President of the French dairy multinational Danone,…
Zomato raises US$250 million in new funding round even as it re-evelutes its office catering business
INDIA – Indian food delivery startup Zomato has raised US$250 million, two months after closing…
Global shipping company Hapag-Lloyd expands presence in Africa, opens office in Kenya
KENYA – Hapag-Lloyd, one of the world’s leading liner shipping companies has announced the opening…
Hindustan Unilever to be plastic waste-neutral this year even as it parent company reaps from sustainability efforts
INDIA – Hindustan Unilever(HUL), the Indian subsidiary of the British multinational CPG company Unilever, has…
Kenyan county government to tackle malnutrition with US$23.2m Nutrition Action Plan
KENYA – The County government of Nakuru in Central Kenya has partnered with Nutrition International…
Nestle bets on rural markets as next frontier for growth in India
INDIA – Swiss food manufacturing giant Nestle, is betting on rural markets as the next…
Rwanda avails coffee products on Singapore’s leading online platform, largest supermarket chain
RWANDA – Rwanda has expanded its coffee market beyond the traditional exports by availing the…
Keurig Dr Pepper optimistic about 2021 after posting strong 2020 full year results
US – Leading producer and distributor of hot and cold beverages Keurig Dr Pepper (KDP)…
Unilever Nigeria announces plans to spin off Tea Business into separate legal entity
NIGERIA – Leading FMCG company, Unilever Nigeria has announced plans to separate its tea business…
PepsiCo launches canned cocktail mixers as Bacardi unveils fruit infused vodkas
US – American multinational food and beverage corporation PepsiCo, has expanded its beverage portfolio with…
Ardent Mills eyes acquisition of chickpea processing firm Hinrichs Trading Company
US – North America’s leading flour supplier Ardent Mills has announced its intention to acquire…
Coca-Cola to drive growth at Kenya’s coastal region, appoints Seth Adu-Baah as Coastal Bottlers limited CEO
KENYA – Coastal Bottlers limited, one of Coca-Cola’s leading local independent franchise bottling partners in…
Kellogg to shut down two production lines in Ohio even as it launches a new cheese-flavoured popcorn snack
US – The Kellogg Company has announced plans to shut down two production lines at…
COVID-19 shocks to still influence consumer shift towards local products, essential goods, eCommerce platforms
AFRICA – Movement restrictions of both goods and people triggered by the COVID-19 pandemic has…
Olam full year profits jumps 36% even as it makes significant progress in business re-organisation
SINGAPORE – leading food and agri-business company Olam International Limited (OIL), has reported a 36%…
West Africa to earn US$1.5 billion from sale of cashew, spearheaded by new USDA, TechnoServe programs
WEST AFRICA – TechchnoServe, an international non-profit organization has received two grants from the U.S….
Molson Coors sells India business to Inbrew Holdings as alcohol prohibition hurts sales
INDIA – US multinational beverage company Molson Coors has agreed to sell its Indian unit…