Maharashtra government to start online sale and home delivery of liquor

INDIA - The state government of Maharashtra is planning to legalize online sale and delivery of liquor at home in the state, the first in the country that will see sale of alcohol on ecommerce platforms. Such a bold move represents the government’s effort to control drunk driving, Times of India reports. "The main objective…

Zambia restricts maize exports to ensure food security

ZAMBIA - The government of Zambia has unveiled an administrative measure on the export of maize to neighbouring and other countries, a move the Minister of Agriculture Michael Katambo said was to ensure food security in the nation, reports Lusaka Times. According to him, the measure was not a ban but a temporary strategy attributed…

Agricultural Trust disburses US$87m for boosting agric development operations

ZIMBABWE - The Zimbabwe Agricultural Development Trust (ZADT) has provided US$87.5 million towards funding small-holder farmers and agribusinesses as it seeks to boost their operations. The Herald reports the disbursement goes to almost 530,000 beneficiaries, 26% of which are women, something in line with the government’s drive to economically empower women. According to ZADT chief…

Agricultural regulatory body AMA raises US$75m for grain procurement

ZIMBABWE - The Agricultural Marketing Authority (AMA) of Zimbabwe has raised US$75 million for grain procurement, about a month after it issued agro-bills to purchase maize from farmers. A statement from its financial advisor, CBZ Bank said that the authority sought to secure the funds for buying maize through the grain trade and marketing company,…

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…

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.…

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…

Nigerian Breweries’ Corporate Affairs Director Kufre Ekanem resigns

NIGERIA - Corporate Affairs Director and member of the Executive Committee of Nigerian Breweries Plc, Kufre Ekanem has resigned from his duties effective 1st October, 2018. According to BeverageIndustryNews, Kufre is leaving to start a career at a culture, marketing and public relations consultancy firm, Philosoville Limited. A graduate of the University of Calabar, Calabar,…