Sime Darby Plantation offloads its Liberian oil palm business unit

LIBERIA – Sime Darby Plantation (SDP), a Malaysian oil palm planation company has completed the sale of its entire 100% equity interest in its palm oil concession in Liberia, Sime Darby Plantation Liberia Inc. (SDPL) […]

Oikocredit exits its investment in Zambian fish farm Yalelo

ZAMBIA – Dutch headquartered social impact investor Oikocredit has exited its investment in Zambian fish farm, Yalelo Limited. Oikocredit has invested in Yalelo since 2014, supporting its growth from under 2,000 tonnes of annual tilapia […]

Jumia Foods suspends Rwandan delivery operations in third market retreat this year

RWANDA – Online retailer Jumia, has suspended its food delivery operations under the Jumia Foods umberella in Rwanda. “We regret to inform you that Jumia will suspend our on-demand delivery operations in Rwanda on January […]

GPI plans to offload majority stake in Burger King in move to become an investment company

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the local operations of the US […]

Choppies exits South Africa with sale of stores to King Investments

SOUTH AFRICA – Choppies Group has offloaded its South Africa stores and distribution centres to King Investments following the launch of open bids for its 88 stores in October to settle its outstanding debt. In […]

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, […]

Tiger Brands to dispose its meat processing unit amid struggles to lift performance

SOUTH AFRICA – Tiger Brands, a South African packaged food company is exploring the sale of its processed meats business, which was temporarily closed last year following the world’s largest ever listeria outbreak that has […]