Entries open for food industry’s innovations and excellence awards process

KENYA – Individuals and companies in Kenya’s food industry have an opportunity to be feted at an elaborate dinner ceremony in front of their peers as the nomination window for the 2018 edition of the region’s only award process has been announced. Now in its second year, the Food Business Africa (FBA) Industry Excellence Awards…

African countries sign continental free-trade agreement

RWANDA - African leaders from 44 countries have signed to the continental free-trade agreement, meant to open-up the continent through regional integration and economic growth. The deal to create the African Continental Free Trade Area (AfCFTA) was signed at the 2018 African Union member states summit, attended by 44 out of 55 African countries. With…

SABMiller delivers ‘transformative year’ for AB InBev as revenues grow 5.1%

BELGIUM – AB InBev, the world’s biggest beer producer, has a lot to thank for its acquisition of its former rival SABMiller for a ‘transformative year’ for the company, after it delivered a solid 5.1% growth in revenues for the full year to end of 2017. The US$103 billion SABMiller deal, which closed in September…

Distell eyes Africa to double its revenue and profit

SOUTH AFRICA - Liquor giant Distell, controlled by investment group Remgro, is still pursuing an ambitious target of doubling revenue and profit in five years as it targets the African markets. At the release of interim results, Distell CEO Richard Rushton said much of the growth impetus at top and bottom line would come from…

Britannia to add 50 new products, grow regionally by 2020

INDIA - FMCG major Britannia Industries has plans to launch around 50 new products under its existing as well as new categories by the end of the next fiscal as part of efforts to be a total food company, said a top company official. In view of its growth strategy, Britannia will launch dairy products…

Heineken launches partnership towards ending epidemics in Africa

AFRICA – The Global Fund, in conjunction with brewing giant Heineken have launched a new public-private partnership, joining forces to further advance the goal of ending HIV, tuberculosis and malaria epidemics in Africa. According to Heineken, it will lend its expertise in the areas of logistics and communications to support the Global Fund in better…

Bayer donates US$600,000 to smallholder farmers in West Africa

GERMANY - Bayer, German multinational, pharmaceutical and life sciences company has provided funding of about US$600, 000 in support of myAgro start-up innovation that purposed to assist smallholder farmers in Mali and Senegal. Bayer’s donation will help in expanding the initiative to the other African regions as well as help in the control of notorious…

Heineken lays foundation stone for new Mozambique brewery

MOZAMBIQUE – The World’s number 2 brewery Heineken has laid the foundation stone to set up its first brewery in Mozambique, as it boosts its investments in Africa and other developing economies to cushion stagnant or slow growth in developed economies. This new brewery, valued at US$100 million is located in the province of Maputo,…