Rhodes Food reports single digit growth in turnover amid challenging environment

SOUTH AFRICA – Rhodes Food Group (RFG), South Africa-based producer of fresh, frozen and long-life convenience meal solutions has reported a 7.6% increase in turnover for the five months to end February, boosted by the […]

International Breweries raises US$452.9m in a fully subscribed Rights Issue

NIGERIA – International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev has achieved 100% subscription in its just-concluded Rights Issue, which was described as the largest in Nigeria. The brewery giant was able […]

Britvic secures US$520m sustainability-linked financing deal

UK – British soft beverages producer and UK distributor of Pepsi drinks, Britvic has agreed secured its first sustainability-linked credit facility that will see the company access £400 million (US$520m) over the next five years. […]

Tongaat Hulett to sell its starch division as part of debt recovery plan

SOUTH AFRICA – Sugar producer, Tongaat Hulett has entered into negotiations for the potential sale of its starch division as it grapples to reduce its huge debt. The talks come after Tongaat had committed itself […]

East African Breweries mulls US$49.7m bond to finance operations

KENYA – East African Breweries Limited (EABL) to use banks to refinance the Sh5 billion (US$49.7m) bond set for maturity in March, shunning the option of going back to the Nairobi Securities Exchange (NSE) to […]

Califia Farms closes landmark US$225m series D financing round

USA – Califia Farms, a Los Angeles-based plant-based food and beverage company has closed its Series D financing raising US$225 million in capital led by the Qatar Investment Authority (QIA).  The funding, which counts as […]