Kenya to impose 16% VAT on Ugandan milk in bid to curb illegal importation

KENYA – Kenya has resolved to impose 16 percent value added tax (VAT) on milk imports from Uganda as part of measures to protect local dairy farmers and calm the simmering trade tensions between the […]

PE firm Ping An Capital acquires stake in Mengniu Dairy’s unit for US$568m

CHINA – Ping An Capital, the private equity unit of Chinese insurer Ping An Insurance, announced that it has teamed up with two companies to acquire a majority stake in dairy products maker Junlebao for […]

CHI Limited launches Hollandia Lactose Free Easy-to-Digest Milk

NIGERIA – CHI Limited, Nigeria’s fast-moving consumer good company has launched Hollandia Lactose Free Easy to Digest Milk targeting lactose intolerant consumers. The juice and dairy company has highlighted that the launch follows a research […]

Synlait to acquire New Zealand company Dairyworks for US$71m

NEW ZEALAND – The Canterbury-headquarter dairy company, Synlait has secured a deal to acquire New Zealand-based Dairyworks for NZD112 million (US$71.1 million) to support its expansion in Australia. Based in Christchurch – South Canterbury, Dairyworks […]

Fonterra partners with By-Health to bolster research on nutritional solutions

CHINA – New Zealand dairy cooperative Fonterra has entered into a strategic research and development partnership with global vitamin and dietary supplements enterprise, By-Health. The companies will focus on developing nutritional solutions for the health […]

Environmental authority closes Sameer Agriculture milk processing plant over pollution

KENYA – The National Environment Management Authority (NEMA) has closed a milk processing factory in Nairobi, Kenya owned by Sameer Agriculture and Livestock Limited due to failure to comply with waste disposal regulations. According to […]

Innovation key amidst changing consumer environment in US yogurt market- report

USA – The US yogurt market is experiencing significant dynamics as consumers continue to portray evolving habits, with focus shifting towards health and convenience among other driving forces. According to a new report from Innova […]

CBN defends proposed policy on forex restriction to milk importers

NIGERIA – The Central Bank of Nigeria (CBN) has clarified its proposed policy with regards to milk importation, maintaining that it does not intend to impose a ban on milk importation. The bank noted that […]