Competition Tribunal approves PepsiCo’s US$1.7bn takeover of Poineer Foods

SOUTH AFRICA – The US$1.7bn (R25.52bn) purchase of local food company Pioneer Foods by US giant PepsiCo has been given the go-ahead by the Competition Tribunal. The deal is one of the snack-food giant’s biggest […]

CAK approves acquisition of minority stake in Naivas by French PE fund

KENYA – The Competition Authority of Kenya (CAK) has approved acquisition of a minority stake in Kenyan retail chain Naivas by French private equity fund Amethis Finance. Amethis has made the acquisition alongside its partners […]

Competition Commission gives nod to PepsiCo’s takeover of Pioneer Foods

SOUTH AFRICA – The Competition Commission of South Africa has recommended the Competition Tribunal give the green light to the US$1.7 billion (R25.52bn) transaction that will see Simba, a PepsiCo subsidiary take over Pioneer Foods whose […]

Farmcrowdy Nigeria acquires Best Foods to explore meat market

NIGERIA – Farmcrowdy, Nigeria’s digital agriculture platform is officially exploring the business of selling meat after it acquired a majority stake in Best Foods, an agro company. The Nigerian agrotech firm has been crowdfunding farmers, […]

Bio-Corn Products to lose processing facilities amid mounting financial woes

KENYA – Bio-Corn Products limited, a subsidiary of Nairobi-based manufacturing firm ISONS Group, will lose its multimillion-shilling processing plant to auctioneers after it defaulted on a loan owed to a local lender. In a notice, […]

Competition Tribunal approves Clover’s acquisition by Milco SA

SOUTH AFRICA – South Africa’s Competition Tribunal has approved the US$343.95m (R4.8bn) takeover of South Africa’s branded foods and beverages group Clover Industries Limited by Milco SA. The consortium Milco SA led by Tel Aviv-based […]