RLJ Group to invest US$100m in revamping fishing industry

LIBERIA - The government of Liberia is set to receive US$100 million investment into the fishing industry from RLG Group, an innovative business network that provides strategic investments in a diverse portfolio of companies. The proceeds will go towards improving the fish industry through the development of fishing depots and the building of fish processing…

Parliament approves US$10m Agro-Business financing agreement with IDA

SIERRA LEONE - Members of parliament of the republic of Sierra Leone have approved the US$10 million agro-business financing agreement between the government and the International Development Association, reports Concord. The investment aimed at improving the agro-business sector, will focus on promotion of an enabling environment and reduce the burden and constraints faced by agro-business…

Müller Milk & Ingredients completes Dairy Crest integration, appoints new CFO

UK - Müller Milk & Ingredients (MMI) CEO Patrick Müller has confirmed completion of Britain’s largest ever dairy industry integration, set out his strategy for the future of the US$1.96 billion fresh milk, cream, butter and ingredients business, and confirmed a key executive board appointment. According to the company, Brian Watson has been appointed as…

Pernod Ricard owned Irish Distillers to invest US$197m in Ireland sites

IRELAND - Pernod Ricard-owned Irish Distillers, largest distiller of Irish whiskey, will invest over US$196.7 million at its sites in Cork and Dublin to meet a continued rise in demand for Irish whiskey. The company said it has added an additional mechanical vapour recompression evaporator, made by GEA Wiegand in Germany, to its Midleton distillery.…

SodaStream announces launch of 1,000 foot-long plastics collection device

ISRAEL - SodaStream International Ltd., an Israel-based manufacturing company, has announced the launch of the "Holy Turtle" - a massive ocean contraption designed to clean plastic waste from open waters. According to the company, the innovative device will be initially piloted in the Caribbean Sea, off the coast of Roatán, Honduras, as part of a…

Royal DSM officially opens a second Animal Nutrition & Health premix in India

INDIA - Royal DSM, a global science-based company active in nutrition, health and sustainable living, has officially opened its second Animal Nutrition & Health premix plant in Jadcherla, India. Accoding to the company, the opening follows years of detailed research and analysis of the Indian market, with the objective of serving the market with solutions that…

Real Foods appoints two new board members ahead of future listing plans

SOUTH AFRICA - The multi-brand food group, Real Foods has appointed two former JSE-listed company CEOs as new directors ahead of planned future listings, reports Business Day. Former Famous Brands CEO Kevin Hedderwick will join the unlisted holding company as new Group Strategic Director while Antony Ball, former Brait CEO has joined its board. Real…

Delivery startup DailyNinja acquires WakeupBasket, eyes 20k daily orders in 6 months

INDIA - Daily milk and grocery delivery startup has acquired WakeupBasket in a cash and equity deal to help its expansion outside Bengaluru, targeting 20,000 daily orders in the next six months, reports Inc42. The Hyderabad based WakeupBasket was founded 2015 by Satendra Pratap along with Sai Varaprasad and it claims 2,500 daily orders in…

Ant Financial invests another US$210m in Indian food delivery firm Zomato

INDIA - Indian food delivery and restaurant service Zomato has raised US$210 million from Alibaba’s payment arm, Ant Financial as it strives for a bigger market share in the delivery space. According to the filings by Info Edge, Zomato’s parent company, the funding raises Zomato’s valuation from US$1.1 billion to around US$2 billion, giving Ant…

PepsiCo India to focus on marketing and invest in e-commerce for profitability

INDIA - Indian maker of Pepsi Cola and Lay’s salty snacks, PepsiCo will focus on boosting its market while investing in e-commerce for profitable years ahead, an ET Retail report reveals. According to PepsiCo India president Ahmed ElSheikh, the company is seeking ways to move ahead of existing growth numbers in order to maintain profitable…