Africa Food Industry Excellence Awards

The Africa Food Industry Excellence Awards celebrate the very best new products, projects and initiatives; and outstanding individuals in the food, beverage and milling industry in Africa. Through a competitive process judged by some of the most outstanding industry veterans, the Awards aim at boosting innovations and excellence in the region's food industry. The 2018…

Kenya coffee prices decreases by 6% as production increases

KENYA – Kenya’s coffee prices at the Nairobi Coffee Exchange (NCE) dropped marginally by 6% due to decline in supply of good quality coffee from Eastern Kenya, reports Business Daily. According to the NCE, a 50 kg kilogramme bag on average declined by 6% to US$ 188.34 (Ksh19,300) from a previous performance of US$200.05 (Ksh…

Africa’s biggest grocer Shoprite opens first outlet in Kenya

KENYA – Shoprite Holdings, the South African retailer has opened its first store in Nairobi and is set to disrupt the Kenyan retail industry which has attracted a number of foreign investors. The maiden outlet, located at Westgate Shopping Mall sits on a 50,000-square-feet space, previously occupied by struggling Nakumatt Holdings that once was the…

Kenyan local retail chain Tumaini sells majority stake to Sokoni

KENYA - Tumaini Self Service Limited, one of the emerging supermarket chains in Kenya has sold a majority stake to Sokoni Retail Kenya in a recent consolidation drive in the space. The transaction which has been approved by the Competition Authority of Kenya (CAK) provides the retail chain with capital to expand its business. The…

Kenyan Afia juice maker Kevian considering listing on Nairobi bourse

KENYA – Kenya’s leading juice manufacturer, Kevian Kenya is considering listing on the Nairobi Securities Exchange (NSE) through an initial public offering (IPO), reports the Nation. According to the company owner and Managing Director, Kimani Rugendo, said the listing is part of the strategy to transfer ownership of part of the company to the public.…

Kenya’s sugar production increases by 45% on increased supply

KENYA – Kenya’s sugar production has increased by 45% in the past nine months due to increased supply of sugarcane by farmers to sugar processing plants, according to a monthly report by the Sugar Directorate. The quantities produced have increased from 284,036 last year to 411,567 tonnes between the months of January and October this…

Simbisa Brands appoints new managing director for Kenyan operations

KENYA – Simbisa Brands, Zimbabwe’s largest fast food restaurant has appointed Salim Eceolaza as the new managing director of its quick service restaurant operations in Kenya, reports Business Daily. Mr Eceolaza, a Zimbabwean national, has been serving as the fast food chain’s group finance director and will succeed Mrs Katija Berlee. “We congratulate him on his…

Ascent Capital seeks US$120 million for East African businesses

KENYA (BLOOMBERG) - Ascent Capital Africa plans to raise $120 million for its second fund that will invest in mid-sized companies across East Africa, where domestic demand is expanding. The private-equity firm is the latest to tap into surging investor interest in the region.  Centum Investment Co., Kenya’s second-biggest publicly traded investment company, is planning to…