AGCO and AT Capital S.A have signed a memorandum of understanding to collaborate and work together towards the implementation of the Parque Agro-industrial de Moamba (PAM) Agri-Industry Park in Maputo, Mozambique.
Vivo Energy, the pan-African retailer and distributor of Shell and Engen-branded fuels and lubricants, has agreed to form a non-fuel joint venture to accelerate the roll-out of KFC restaurants in Kenya, Uganda and Rwanda.
OPIC and the U.S. Government’s development finance institution, announced that the agency will explore a new project with Sunshine Nut Co., which specializes in cashew processing operations in Mozambique.
The United Nations WFP welcomes a €3 million contribution from the Government of Austria in support of over 5,000 households in Chemba district, Sofala province in Mozambique, prioritising vulnerable children, adolescent girls and women.
In partnership with Root Capital, AgDevCo is pleased to announce its first investment in Kenya, where its providing a US$5 million facility to a market-leading consortium of macadamia processors and exporters.
Old Mutual Private Equity has announced the acquisition of a majority interest in Footgear, a South African retailer of branded footwear.
South African company, Cape Foods™, is giving the world's oldest seasoning a modern upgrade with their line of natural, Himalayan sea salts and seasonings in sleek, utilitarian package.
Coca-Cola Beverages Africa (CCBA) in Kenya has announced the appointment of Xavier Selga as its new Managing Director for Kenya, Mayotte and Comoros.
The Food and Agriculture Organization of the United Nations (FAO) has developed a four-year strategy in Tanzania with the objective of enhancing the resilience of agriculture-based livelihoods and local food systems.
Amira Nature Foods Ltd, a global provider of packaged Indian specialty rice, has announced a new contract to supply rice to a customer in the Europe, Middle East, and Africa region in the amount of $6 million.
IFC signed an agreement with Twiga Foods, a Kenyan-based technology food distribution platform, to boost the company’s food safety practices in line with global standards.
Mondelēz International, Inc. has completed the sale of its Kraft-branded Cheese business in Middle East and Africa (MEA) to Arla Foods of Denmark.
FairTSA, a global Fair Trade standard holder, has announced completion of a formal licensing agreement with Argan Oleo, an importer and processor of the finest Argan Oil from Morocco.
Nestlé has kicked off a Research and Development (R&D) innovation challenge in Sub-Saharan Africa as part of the company’s efforts to contribute to the local innovation ecosystem.
A group of South African business people who participated in the week-long Outward Trade and Investment mission to Uganda returned home with glee after generating leads and securing deals from the East African Country.
Naspers, a South African broad-based multinational, has agreed the sale of Buscapé, one of the leading online comparison shopping sites in Brazil, to Zoom.
[South Africa] Standard Bank urges farmers to integrate technology solutions to produce better yields
Standard Bank says that South African farming has entered the technological age where data, measurements, alternative power sources, sensors and even the cell phone are working together.
Coca-Cola Central, East & West Africa Ltd has appointed Phillipine Mtikitiki as General Manager, East & Central Africa Franchise effective 1st June 2019, based in Nairobi, Kenya.
The United Nations World Food Programme (WFP) is set to expand its support to humanitarian and development programmes in Nigeria, based on a new Country Strategic Plan (CSP) for the next four years.
Nestlé Nigeria has announced its financial results for the first quarter of 2019, posting a revenue of N71.0 billion and recording growth of 5.2% over the previous year.
Philip Morris International (PMI) and Projects with a Heart Association (PwH) have donated more than USD 430,000 to help Mozambique in the aftermath of the devastating Cyclone Idai.
The United Nations Industrial Development Organization (UNIDO) and the Africa Enterprise Challenge Fund (AECF) signed a memorandum of understanding to promote inclusive and sustainable industrial development in Africa.
Clinton Foundation, CIMMYT partner to improve access to climate-resilient maize seed in Eastern and Southern Africa
The Clinton Foundation and the International Maize and Wheat Improvement Centre (CIMMYT) are launching a partnership to improve access to and availability of climate-resilient maize varieties in Eastern and Southern Africa.
Since 2016, the AfDB has supported up to 1.7 million US dollars, the project of support to the employ-ability and insertion of young people in the growth sectors of Togo, which has created 35,000 jobs in SMEs in agriculture.
Mulderbosch winery, widely considered one of South Africa's most iconic wineries has moved its US distribution to Third Leaf Wines.
IFC has announced its support for the launch of the Côte d’Ivoire chapter of the Global Agribusiness Market Ecosystem Alliance (AMEA).
Bayer has renewed its commitment to the “Bridging the Seed Gap” project for five years in Ethiopia.
KAUAI, a franchise of multi-brand food group, Real Foods, has launched a food delivery app.
A joint effort by FAO and Mozambique's Ministry of Agriculture and Food Security has seen farmers in areas left devastated by Tropical Cyclone Idai receive agricultural inputs to assist hard-hit rural families get a head-start.
TradeMark East Africa and Rwanda Standards Board partner in a $1 million food safety and trade project
TradeMark East Africa (TMEA) has committed to fund Rwanda Standards Board (RSB) with $ 1 Million in support of projects that will enhance food safety and trade.
Nestlé Kenya operations will now report into South Africa following the reorganization of Nestlé business in Sub-Saharan Africa.
IFC has entered into partnerships with Al Mansour, owner of prominent food retail chains in Egypt, to increase economic opportunities for women.
AfDB has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises in Francophone West Africa.
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
Bidco Africa, the largest manufacturer of FMCG in East Africa, migrates to SAP HANA Database to gain real-time and in-memory computing capabilities to improve its delivery to customers.
South Africa, Mozambique and the UK progress in finalizing a roll-over Economic Partnership Agreement
South Africa Minister for Trade and Industry says progress has been made to finalize a roll-over Economic Partnership Agreement between the Southern African Customs Union, Mozambique and the UK.
Local Fintech group Crossfin Technology Holdings has announced that it has taken a significant minority interest into Retail capital.
The South African government continues to deploy a number of interventions to support the poultry industry including measures to boost competitiveness, value-addition and technology upgrading.
Two KwaZulu-Natal companies, Royalty Agri-Biz and Your Best Choice are on a mission to explore export opportunities for their products in India.
IFC, in partnership with the Government of Côte d'Ivoire and Canada, and the Cotton and Cashew Council announced the publication of a guide to improve market access for SMEs in the cashew processing sector in Côte d'Ivoire.
The Egyptian government, represented in the Ministry of Supply and Internal Trade has signed an agreement with LuLu Group International, which is specialized in retail trade.
South Africa’s fruit and vegetable export capabilities will be on full display to the world when the dti will showcase 25 of the finest local fruit and vegetable exporting companies in Germany, this February.
[South Africa] Cape Union Mart launches Product Lifecycle Management software to support growth and integrate suppliers
Cape Union Mart, the South African outdoor company, has selected Centric Software’s Product Lifecycle Management (PLM) solution.
Global beverage company Coca-Cola Company has completed its acquisition of Chi Ltd. in Nigeria.
The Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR) at 9.00 percent during its January 28, 2019 meeting.
Nestlé Ghana and the Ghana Standards Authority have signed a Memorandum of Understanding to forge a strong cooperation in the sharing of scientific and technical information.
[Kenya] Manufacturers, retailers, suppliers sign Code of Practice to guide prompt payment in retail sector
Kenya Association of Manufacturers, Association of Kenya Suppliers and Retail Trade Association of Kenya have signed the Retail Trade Code of Practice to guide prompt payment in the retail sector.
The Tomato Growers Association of Nigeria (TOGAN) has urged the Federal Government to establish cottage processing plants in tomato producing areas.
The Nigerian Stock Exchange, NSE, has announced the review of the NSE-30, and the eight sectoral indices of the Exchange
AgroCenta has been selected to be the recipient of $250,000 GSMA Ecosystem Accelerator Grant, funded by UK DFID, Australian AID, and the GSMA and its members.
Mondelēz International, Inc. is set to sell Kraft-branded Cheese Business in Africa and Middle East to Denmark dairy company Arla Foods.
According to a report released by Stanbic Kenya PMI, operating conditions in Kenya’s private sector economy improved solidly in November, although the rates of growth in output and new orders were marginally below those seen in October.
With its open trade environment, loosening tax policies, and development plan that encourages investment, Zambia has become an enticing market for business, especially over the past five years.
Domino's Pizza is continuing its global growth momentum with the opening of its first store in Port Louis, Mauritius.
Researchers at the International Centre of Insect Physiology and Ecology (icipe) in Nairobi, Kenya, have discovered a new, previously undescribed edible cricket with great promise for mass production.
The United Nations WFP has received US$5m from the Government of Japan to enable scale-up a programme addressing undernutrition, micronutrient deficiencies and obesity in Ghana.
The Capital Markets Authority (CMA) has suspended Deacons (East Africa) Plc shares from trading at the Nairobi Securities Exchange.
IFC, a member of the World Bank Group, TLcom, and the Global Agriculture and Food Security Program (GAFSP) have announced a $10 million investment in Twiga Foods.
Standard Bank Group ordinary shares, Standard Bank Group second preference shares and South African fast-moving consumer goods group AVI shares begin trading on A2X today.
Twiga Foods, a Kenyan mobile phone platform that sells bananas and other produce from small-scale farmers to local vendors and markets is offering local farmers access to a transparent marketplace.
South African fast-moving consumer goods group AVI Limited (Code: AVI) is to become the first FMCG company to list on A2X.
Spanish fashion retailer Zara has launched online sales through a dedicated worldwide online platform bringing its fashions to customers in 106 new markets.
After a prolonged period of economic stagnation and decline, African economies have experienced rapid growth over the last two decades. Poverty and malnutrition have fallen steadily during that period.
Small and medium sized businesses in Kenya represents 75 per cent of the country's workforce, constitute 98 percent of all businesses in Kenya and contribute 3 percent to the national purse.
Nestlé Nigeria has collaborated with Lagos Business School (LBS) to run a Sales Academy to train and equip its employees.
Angola could raise at least US $ 200 million annually with the taxation of basic products, Angola's Association of Industries (AIA) president José Severino has said.
Global provider of nutrition and beauty products Organo has formally expanded its Africa footprint into South Africa.
Food and beverage company Nestle has recorded a 50 per cent reduction in the consumption of water per ton of product for the last three years at its Nairobi factory, occasioned by a cocktail of low cost water conservation measures it has been employing.
Ethiopia's wheat production has consistently lagged other African nations. The Wheat Initiative raises hopes, but what happens when results don't meet expectations?
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
October is already proving to be a great month for the South African business and economy, maybe even greater. With only a week into the month, three South Africans have been appointed for senior positions in the ICT, aviation and engineering sectors.
With South Africa having the most advanced and refined food and beverage market on the African continent, Frost & Sullivan believes in a 4 to 7 per cent estimated growth in the sector by 2020.
Nestlé Nigeria signed a Memorandum of Understanding with Diamond Awards for Media Excellence (DAME) Trust Fund to institute a ‘Nestlé Prize for Nutrition Reporting.’
The Department of Trade and Industry of South Africa, UNIDO and the Swiss State Secretariat for Economic Affairs have signed a €1.38 million project to support South Africa improve the international competitiveness of indigenous essential and vegetable oils.
Nestlé and Ashoka have kick-started a social investment accelerator program to accelerate social entrepreneurship and boost the economic development of Africa on 10th September 2018.
Counterpart International is pleased to announce the appointment of Mutale Chilangwa as Regional Director of the Africa portfolio. Mutale brings to Counterpart more than 23 years of international development experience in economic, trade, food security, and governance issues facing both the private and public sectors.
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
Europe’s transformative digital lunch scheme provider is looking to sign in more companies across Africa after a successful two-year test run in Kenya.
The SADC Executive Secretary, Dr. Stergomena Lawrence Tax received a letter of credence to SADC from the Representative of Food & Agriculture Organization (FAO) to Botswana, Mr. Rene Czudekat the SADC Secretariat Head Offices in Gaborone, Botswana.
Guinness Nigeria delivered has disclosed its performance in the year ended 30 June 2018, showing revenue increased by 14% from N125.92 billion in June 2017 to N142.98 billion.
Built Custom Burgers® has grown its African footprint with the opening of its first BUILT® restaurant in Accra, Ghana located at A&C Shell filling station, Boundary Road, East Legon.
Khora Africa Projects Co-operative Limited, a Tshwane-based food and beverage company is targeting a new market and potential distribution channels for exporting goods and services to Mozambique.
Europe’s transformative digital lunch scheme provider is looking to sign in more companies across Africa after a successful two-year test run in Kenya.
Maize flour prices in Kenya have dipped to a six-year low on increased supply of cheap grains from Uganda and harvests in western region, easing inflationary pressure.
South African retail sales for June 2018 grew by 2.9 percent year-on-year excluding the effects of inflation, marking the weakest pace of growth since October 2017.
Tunisia and the African Development Bank have signed an agreement for the launch of a pilot project to use drones for data collection to enhance management of agricultural projects in the country.
Addressing Africa’s food import and consumption has suffered from extreme mood swings with the pendulum moving from episodes of pessimism to euphoria.
Tanzania’s Ministry of Industry, Trade and Investment (MITI) has announced the upgrading of the services provided by its Industrial Research and Development Organization.
Total South African retail sales for April 2018 grew by 3.7 percent year-on-year after removing the effects of inflation, showing the highest growth rate seen in April in the past six years.
The Johannesburg Stock Exchange has celebrated the relisting of Distell Group Holdings the Main Board.
IFC, in cooperation with Ethiopian Food, Medicine and Health Care Administration and Control Authority is launching a new initiative to help Ethiopian food producers enhance their food safety management practices,
Consumer wallet continues to measure what Kenyan consumers are buying and how much they are spending.
Retail giant Shoprite has partnered with Standard Bank, Google and global financial technology company Celbux to launch a mobile money platform for its customers.
International coffee outlet, Gloria Jean’s Coffees, is expanding into Africa. It has already opened its first outlet in Kenya and is looking for other Master Franchise partners throughout the African continent.
The transformative impact of social media continues to be felt as corporates, governments and personalities court technology to communicate and grow businesses.
South Africa’s Thandi Wines has secured a one-year contract with a Chinese distributor to export their range of premium wines to China.
Kenya’s President Uhuru Kenyatta has launched a Sh 7 billion state-of-the-art Hot-Fill juice line at the Nairobi Coca-Cola Plant in Embakasi.
The World Cocoa Foundation and Ghana Cocoa Board have announced plans to expand their joint efforts to preserve the flavor of Ghanaian cocoa.
Libstar Holdings Limited, a supplier of high-quality products in the consumer packaged goods industry, has listed in the "Food Products" sector of the JSE's main board.
Global player in food and fragrance Iberchem Group has entered into an agreement to acquire a majority stake in Versachem, an established privately owned company specialized in the development and manufacturing of food flavours and colours.