Seychelles in talks with EU on US$33.29m sustainable fisheries deal

SEYCHELLES – Seychelles and the European Union (EU) have initiated the first round of negotiations for a new Sustainable Fisheries Partnership Agreement and Protocol worth US$33.29 million. The Sustainable Fisheries Partnership Agreement is a longstanding […]

Shoprite reports 18.2% decline in full year profits despite growth in sales

SOUTH AFRICA – Africa’s largest retail chain, Shoprite reported 18.2 percent decline in  full year net profit to US$ 273.12 million (R4.2bn) as the South African retailer struggled to lift sales in majority of the […]

CK Asset to acquire UK pub company Greene King for US$3.27bn

UK- CK Asset Holdings, a Hong-Kong based property investment firm has entered into an agreement to acquire UK pub and beer company Greene King for US$3.27 billion (£2.7 billion). Greene King, Britain’s largest pub retailer […]

Maple Leaf Foods chief financial officer to stepdown, launches search for successor

CANADA – Maple Leafs Foods, a major Canadian consumer packaged meats company, has announced that its Chief Financial Officer (CFO), Debbie Simpson has decided to leave her position effective November 1, 2019. The company, house […]

Ajinomoto to invest US$84.9m in relocating Malaysian subsidiary

MALAYSIA – Japanese headquartered seasoning major, Ajinomoto will be investing US$84.9 million (MYR355 million) in relocating its Ajinomoto Malaysia Berhad (AMB) subsidiary to a new site in Bandar Enstek, Malaysia. Construction works for the new […]

Hershey acquires stake in Irish protein bar maker Fulfil Holdings

IRELAND – American chocolate manufacturer, The Hershey Company has announced a minority investment in Irish protein bar manufacturer Fulfil to expand its business in Europe. Fulfil Holdings, which was founded in 2016, is a one […]

Molson Coors commits to achieving sustainable packaging by 2025

CANADA – Molson Coors Brewing Company has announced that has launched a new set of global packaging goals and plans to make 100% of its packaging reusable, recyclable, compostable or biodegradable by 2025. Molson is […]

Motif Ingredients rebrands as Motif FoodWorks, raises US$27.5m

USA – Motif Ingredients, a food science and technology company owned by biotech unicorn Ginkgo Bioworks has US$27.5 million funding to expands research and development of animal-free ingredients. In addition, the company has also revealed […]

Rwanda’s Skol Brewery introduces new look for Skol lager

RWANDA – Skol Brewery, has unveiled a new look for one its beer brands, Skol Lager, in a new campaign that seeks to increase its dominance in the alcoholic beverage market. With no changes on […]

Nampak Zimbabwe reports growth amid unfavourable investment environment

ZIMBABWE – Paper and packaging giant, Nampak Zimbabwe says its capital expenditure projects remain curtailed after it suspended all credit extensions and capital injection by the major shareholder, reports the Chronicle. In a trading update […]