The Norwegian Investment Fund for Developing Countries (Norfund) has announced an investment of $7.4 million in Verde Beef Processing PLC, an Ethiopian beef producer.
Akinwumi Adesina, president of the African Development Bank (AfDB), says billionaire businessman, Aliko Dangote, may become the largest exporter of rice in the world by 2021.
The Crazy Store, South Africa’s largest discount variety chain, has announced that it will not only open its 300th store, but will also expand its African footprint to include Botswana.
[Nigeria] Dangote Flour Mills profit soars to $30 million since reacquisition from Tiger Branded Consumer Goods of South Africa
Dangote Flour Mills has posted a profit before tax of N11.82 billion for its financial year ended December 31, 2016. According to the results released on the floor of the Nigerian Stock Exchange (NSE), the company has returned to profitability after four years of losses.
Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, and the Mabrouk Group, Tunisia's preeminent investment group, will be introducing a new luxury experience to Tunisia with the opening of Four Seasons Hotel Tunis in late 2017.
Days after exiting retail group Nakumatt Holdings, Thiagarajan Ramamurthy has been named the new chief executive of consumer goods producer Bidco Africa.
Long serving regional operations and strategy director of Nakumatt Supermarket Thiagarajan Ramamurthy has left the retailer, as the company announced a major executive reshuffle.
Marriott International, Inc. has announced its first property in Kenya with the opening of Four Points by Sheraton Nairobi Hurlingham. Owned by Kamcan Properties Limited, the hotel is strategically located in the upmarket suburb, close to the city center
Restaurant Brands International in deal with Servair S.A to grow Burger King brand in Sub Saharan Africa
Restaurant Brands International Inc. ("RBI") has announced that Burger King Europe GmbH ("BKE") has closed a multi-country development agreement in sub-Saharan Africa with Servair S.A
The Federal Government has officially confirmed that Nigeria has attained self-sufficiency in the production of cement and is now an exporter of the commodity, ascribing the feat to Dangote Cement which spearheaded the backward integration policy introduced by the government.
Despite being impacted by the weak economy, packaged food recorded value sales growth of 8% in 2016, increasing only marginally compared with the previous year. Most packaged food categories in Tunisia recorded healthy growth rates in 2016.
Food preparation appliances grew by 3 per cent in retail volume terms in 2016, with mixers continuing to be the largest category.
The total Africa Pet Nutraceuticals market is valued at over $291.2 million with the value expected to rise tremendously by the year 2020.
The management of Dangote Salt and the National Agency for Food and Drugs Administration and Control (NAFDAC) () have expressed their readiness to collaborate and corroborate efforts to rid the food market of unwholesome practices by unscrupulous traders.
Following the release of the Mastercard Index of Women’s Entrepreneurship (MIWE) today, it was revealed that 34.8 percent of businesses in Uganda are owned by women, making it one of the top performing African countries highlighted in the index.
About 92 per cent of South Africans reveal they are willing to pay an above-average price for products that deliver higher quality, offer superior functioning (91%) or stand behind environmentally responsible (86%) or socially responsible (77%) principles; this despite economic limitations where only 50% of the population believe that they are financially better off than five years ago.
On February 28, 2017, the President of the African Development Bank visited the Kenana Sugar Company (KSC) in Sudan, which is by far Africa’s largest sugar-producing agro-industrial complex and world’s largest producer of white sugar.
Mr Price Group has appointed Mark Bowmans as an independent non-executive director with immediate effect. His appointment comes as the Board seeks to refresh its membership and strengthen its international skills base.
Syngenta’s Seedcare program for smallholder farmers in Senegal has led to impressive yield increases for pearl millet, sorghum, maize, irrigated rice and rain-fed rice.
Nigeria’s foremost total beverage alcohol company, Guinness Nigeria Plc, has released its Sustainability Report for 2016, reporting its performance on various aspects of its operations, while outlining its sustainability targets for the future.
Vodafone Zambia has announced a partnership with South African food retail chain Shoprite, that allows the 4G internet provider to set up shop-in-shop stores at various Shoprite outlets.
Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL), an arm of the Central bank of Nigeria (CBN) has announced plans to launch a $300 million agribusiness loan project for young farmers across the country.
French multinational hotel group Accor Hotels has entered into three partnerships with Ethiopian investors for the construction and management of 3 hotels in Addis Ababa.
Africa is ready to take its place on the world stage, as the poultry industry is evolving, from a national and regional basis to a more global platform, according to RaboResearch’s latest report ‘Time for Africa: Capturing the African Poultry Investment Opportunity’.
Guinness Nigeria Plc confirms that it has responded to a court process at the instance of Pharma Deko Plc which alleges that Guinness Nigeria is contractually indebted to Pharma Deko.
Vivian Ngwodo is part of a new generation of women, particularly women of African descent, who are using technology to take ownership of the entrepreneurial landscape.
Ghana has gotten its first noodles factory. The move which was powered by the Blow group, manufacturers of Bel-Aqua, will employ about 500 people.
Regional retailer, Nakumatt Holdings, says it has completed the first phase of the Warehouse Management System, WMS, integration project at its Nairobi hub, as it seeks to embrace technology to bolster efficiencies in the supply chain in its regional operations.
[Ghana] Olam becomes first West African biscuit manufacturer to earn international food safety standard
Olam, Ghana’s Nutrifoods Biscuit factory, has becpme the first biscuit manufacturing facility in West Africa to earn international recognition for compliance in food safety standards after it was awarded the Food Safety System Certification Scheme (FSSC) 22000 accreditation along with the company’s tomato paste plant in Tema.
Richmeal to sell Richmeal trademark Brand Licensing and Product Extension to American Brand Management Company for $3 Million
The founder and CEO of HoveHive Group, a leading chartered management brand representing fast moving consumer goods brands, Mr. Emmanuel Oguejiofor has revealed that Richmeal is set to sell ‘Richmeal trademark brand licensing and product extension to American Brand Management Company for $3 million