tagresults

30-10-2014 22:52:00 | by: Administrator | hits: 17811207 | Tags:

AGCO and AT Capital partner to develop PAM Agri-Industry Park in Mozambique
25-06-2019 | 13:49:36
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.
Formation of joint venture to accelerate growth of KFC franchise portfolio in East Africa
25-06-2019 | 09:22:48
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.
[Mozambique] OPIC signs letter of interest to invest in Sunshine Nut
25-06-2019 | 07:18:36
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.
Government of Austria helps boost food and nutrition security in Mozambique
18-06-2019 | 08:54:00
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.
AgDevCo announces first investment in Kenya
13-06-2019 | 14:22:00
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.
[South Africa] Old Mutual Private Equity acquires controlling stake in Footgear
13-06-2019 | 11:05:00
Old Mutual Private Equity has announced the acquisition of a majority interest in Footgear, a South African retailer of branded footwear.
[South Africa] Cape Foods debuts its line of specialty salts and seasonings to the United States
12-06-2019 | 06:05:00
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 Africa appoints Xavier Selga as MD for Kenya, Comoros and Mayotte
11-06-2019 | 11:17:14
Coca-Cola Beverages Africa (CCBA) in Kenya has announced the appointment of Xavier Selga as its new Managing Director for Kenya, Mayotte and Comoros.
FAO develops four-year agri-based livelihoods strategy in Tanzania
11-06-2019 | 09:50:00
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 announces new contract of $6 million in EMEA
06-06-2019 | 13:04:00
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 partners with Twiga to boost food safety in Kenya
04-06-2019 | 05:59:00
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 completes sale of cheese business in Africa and Middle East to Arla Foods
03-06-2019 | 07:16:00
Mondelēz International, Inc. has completed the sale of its Kraft-branded Cheese business in Middle East and Africa (MEA) to Arla Foods of Denmark.
[Morocco] FairTSA announces licensing agreement with Argan Oleo
03-06-2019 | 07:13:00
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 launches R&D innovation challenge in Sub-Saharan Africa
30-05-2019 | 08:46:00
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.
South Africa business fraternity returns from Uganda with bagful of leads and deals
28-05-2019 | 10:45:57
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.
[South Africa] Naspers agrees the sale of Buscapé to Zoom
16-05-2019 | 06:53:00
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
14-05-2019 | 07:27:00
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 appoints Phillipine Mtikitiki General Manager, East & Central Africa Franchise
09-05-2019 | 07:53:00
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.
WFP adopts new strategic plan to expand support to Nigeria
07-05-2019 | 07:57:00
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 shows 5.2% growth Q1 2019
06-05-2019 | 07:57:00
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.
PMI and PwH donate USD 430,000 in aid of Mozambique's recovery from Cyclone Idai
02-05-2019 | 10:32:00
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.
UNIDO, AECF partner to promote inclusive and sustainable industrial development in Africa
30-04-2019 | 15:29:00
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
30-04-2019 | 13:07:00
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.
Togo creates 35,000 SMEs jobs in the agricultural sector from AfDB support
23-04-2019 | 14:45:00
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.
[South Africa] Third Leaf Wines acquires Mulderbosch
23-04-2019 | 07:44:22
Mulderbosch winery, widely considered one of South Africa's most iconic wineries has moved its US distribution to Third Leaf Wines.
IFC partners with AMEA to professionalize farmer organizations in Côte d’Ivoire
23-04-2019 | 06:54:10
IFC has announced its support for the launch of the Côte d’Ivoire chapter of the Global Agribusiness Market Ecosystem Alliance (AMEA).
Bayer, Fair Planet renew commitment to improve access to seeds in Ethiopia
18-04-2019 | 14:52:00
Bayer has renewed its commitment to the “Bridging the Seed Gap” project for five years in Ethiopia.
[South Africa] Kauai launches food delivery app
18-04-2019 | 11:17:57
KAUAI, a franchise of multi-brand food group, Real Foods, has launched a food delivery app.
FAO distributes seeds and tools to farmers in Mozambique
18-04-2019 | 10:32:00
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
11-04-2019 | 09:28:20
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’s Sub Saharan Africa reorganization complete with appointment of new East Africa Head
11-04-2019 | 09:24:44
Nestlé Kenya operations will now report into South Africa following the reorganization of Nestlé business in Sub-Saharan Africa.
IFC partners with Al Mansour to create jobs for women in Egypt
11-04-2019 | 05:58:00
IFC has entered into partnerships with Al Mansour, owner of prominent food retail chains in Egypt, to increase economic opportunities for women.
AfDB approves €12.5 million investment in West Africa
28-03-2019 | 12:12:00
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.
[Kenya] Central Bank Rate retains at 9.00 percent, MPC survey
28-03-2019 | 09:16:00
The Monetary Policy Committee retained the Central Bank Rate at 9.00 percent as at March 27, 2019.
Bidco Africa gets future-fit with speedy HANA Database migration
14-03-2019 | 12:22:00
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
14-03-2019 | 10:15:00
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.
[South Africa] Crossfin Technology invests R600 Million in Retail Capital to support local SMEs
14-03-2019 | 05:44:23
Local Fintech group Crossfin Technology Holdings has announced that it has taken a significant minority interest into Retail capital.
Government intervenes to save poultry industry in South Africa
07-03-2019 | 12:36:00
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.
South Africa - India trade relations deepens
26-02-2019 | 06:58:00
Two KwaZulu-Natal companies, Royalty Agri-Biz and Your Best Choice are on a mission to explore export opportunities for their products in India.
[Côte d'Ivoire] IFC develops guide to increase market access for processed cashew nuts
19-02-2019 | 07:39:16
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.
Egypt government enters into a $500 million supermarkets deal with Lulu Group International
08-02-2019 | 13:28:40
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 set to showcase its fruit and vegetable export capabilities in Germany
31-01-2019 | 09:49:00
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
31-01-2019 | 09:32:09
Cape Union Mart, the South African outdoor company, has selected Centric Software’s Product Lifecycle Management (PLM) solution.
Coca-Cola completes acquisition of Chi Limited in Nigeria
31-01-2019 | 05:55:02
Global beverage company Coca-Cola Company has completed its acquisition of Chi Ltd. in Nigeria.
[Kenya] Monetary Policy Committee retains Central Bank Rate at 9%, survey
29-01-2019 | 08:18:00
The Monetary Policy Committee (MPC) retained the Central Bank Rate (CBR) at 9.00 percent during its January 28, 2019 meeting.
Nestlé Ghana signs agreement with Ghana Standards Authority
28-01-2019 | 11:53:00
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
23-01-2019 | 09:40:57
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.
Nigerian tomato growers charge Federal Government on processing plant
08-01-2019 | 14:21:00
The Tomato Growers Association of Nigeria (TOGAN) has urged the Federal Government to establish cottage processing plants in tomato producing areas.
Nigerian Stock Exchange reviews composition of market indices
04-01-2019 | 06:29:51
The Nigerian Stock Exchange, NSE, has announced the review of the NSE-30, and the eight sectoral indices of the Exchange
[Ghana] AgroCenta receives $250,000 GSMA Ecosystem Accelerator Grant
21-12-2018 | 09:08:00
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 sells African cheese business to Arla Foods
13-12-2018 | 11:05:09
Mondelēz International, Inc. is set to sell Kraft-branded Cheese Business in Africa and Middle East to Denmark dairy company Arla Foods.
Kenyan private sector completes one year of growth, Stanbic Bank report
11-12-2018 | 09:32:00
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.
[Column] Ben Leo: Uncovering high-potential retail sites in Zambia
05-12-2018 | 09:32:07
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 opens first store in Mauritius
04-12-2018 | 06:20:12
Domino's Pizza is continuing its global growth momentum with the opening of its first store in Port Louis, Mauritius.
[Kenya] ICIPE discovers cricket species to bolster food security
22-11-2018 | 12:46:00
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.
Japan supports WFP to scale up nutrition programme in Ghana
22-11-2018 | 09:56:00
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.
[Kenya] CMA suspends Deacons East Africa from trading on the Nairobi Securities Exchange
22-11-2018 | 06:07:08
The Capital Markets Authority (CMA) has suspended Deacons (East Africa) Plc shares from trading at the Nairobi Securities Exchange.
[Kenya] IFC and TLcom invest $10 million in Twiga Foods
16-11-2018 | 13:05:00
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.
[South Africa] Standard Bank and AVI begin trading on A2X
15-11-2018 | 08:57:00
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.
Technology gives Kenyan farmers access to transparent marketplace
13-11-2018 | 10:56:00
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 Africa] AVI to list on A2X
08-11-2018 | 14:24:24
South African fast-moving consumer goods group AVI Limited (Code: AVI) is to become the first FMCG company to list on A2X.
Zara grows African footprint with new online platform
08-11-2018 | 06:35:09
Spanish fashion retailer Zara has launched online sales through a dedicated worldwide online platform bringing its fashions to customers in 106 new markets.
Rising demand for social protection across Africa requires careful fiscal balancing, study
25-10-2018 | 08:22:00
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.
[Kenya Business Week] Breathing new life into SMEs
19-10-2018 | 08:42:00
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 partners with Lagos Business School to train employees
18-10-2018 | 08:16:00
Nestlé Nigeria has collaborated with Lagos Business School (LBS) to run a Sales Academy to train and equip its employees.
Angola seeks to raise $200 million in income with basket tax
18-10-2018 | 06:08:00
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.
Organo expands Africa footprint into South Africa
16-10-2018 | 11:32:45
Global provider of nutrition and beauty products Organo has formally expanded its Africa footprint into South Africa.
[Kenya] Nestle factory water conservation initiatives deliver payoffs
12-10-2018 | 08:28:00
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.
Great expectations from Ethiopia’s Wheat Initiative
11-10-2018 | 08:01:00
Ethiopia's wheat production has consistently lagged other African nations. The Wheat Initiative raises hopes, but what happens when results don't meet expectations?
[Botswana] Nhabe livestock to find a market
09-10-2018 | 09:11:10
Ngamiland community has been urged to support Nhabe Agricultural Management Association (NAMA) towards the construction of a multi-species community abattoir in Sehithwa.
[SA Business Week] Key sectors appointments and a busy air route
05-10-2018 | 16:19:00
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.
South Africa food and beverage sector to drive economic growth, study
02-10-2018 | 06:56:37
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.
[Nigeria] Nestlé partners DAME, NUJ to promote nutrition reporting
01-10-2018 | 07:25:00
Nestlé Nigeria signed a Memorandum of Understanding with Diamond Awards for Media Excellence (DAME) Trust Fund to institute a ‘Nestlé Prize for Nutrition Reporting.’
UNIDO and Switzerland launch quality & standards programme in SA
20-09-2018 | 07:05:25
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, Ashoka launch program to mentor Social Entrepreneurs in Africa
18-09-2018 | 08:58:00
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.
Mutale Chilangwa the new Counterpart International Africa Director
13-09-2018 | 09:33:00
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 government hopeful of China beef market
11-09-2018 | 10:42:00
Botswana President Mokgweetsi Masisi said his government is confident that it will establish a lucrative beef market with the People’s Republic of China.
Sodexo Kenya rebrands as Apptivate Africa
03-09-2018 | 07:05:20
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.
[Botswana] SADC receives a letter of credence from FAO
30-08-2018 | 11:03:00
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 releases 2018 FY results
30-08-2018 | 10:53:00
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 expands Into West African market
24-08-2018 | 08:14:00
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.
[South Africa] Khora Africa Projects Limited eyes Mozambique market
22-08-2018 | 06:47:00
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.
[Kenya] Apptivate Africa targets more companies with e-lunch scheme
17-08-2018 | 06:15:00
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.
Ugandan maize lowers flour prices in Kenya to 6-year low
16-08-2018 | 13:27:45
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 Africa] Clothing best performing retail sector in June, report
16-08-2018 | 06:06:00
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 to use drones for data collection in agricultural sector
30-07-2018 | 07:30:00
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.
[Column] Byron Mudhune: Looming danger in Africa’s food imports
12-07-2018 | 06:43:12
Addressing Africa’s food import and consumption has suffered from extreme mood swings with the pendulum moving from episodes of pessimism to euphoria.
Tanzania upgrades food product analysis services
04-07-2018 | 07:59:04
Tanzania’s Ministry of Industry, Trade and Investment (MITI) has announced the upgrading of the services provided by its Industrial Research and Development Organization.
South African consumers lift discretionary spending, Mastercard report
15-06-2018 | 11:45:00
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.
[South Africa] JSE welcomes relisting of Distell on main board
04-06-2018 | 06:27:00
The Johannesburg Stock Exchange has celebrated the relisting of Distell Group Holdings the Main Board.
IFC trains Ethiopian companies on food safety to boost standards
01-06-2018 | 06:21:00
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,
[Kenya] Consumer spending dips on prolonged political process, Msurvey
31-05-2018 | 06:06:00
Consumer wallet continues to measure what Kenyan consumers are buying and how much they are spending.
Shoprite partners with Google, Standard Bank, Cellbux to launch mobile money platform
28-05-2018 | 09:55:00
Retail giant Shoprite has partnered with Standard Bank, Google and global financial technology company Celbux to launch a mobile money platform for its customers.
Gloria Jean’s opens store in Kenya with eye on African expansion
23-05-2018 | 06:04:00
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.
Kenyan chef courts social media to bolster culinary career
18-05-2018 | 11:30:00
The transformative impact of social media continues to be felt as corporates, governments and personalities court technology to communicate and grow businesses.
[South Africa] Thandi wines seals deal to export range of wines to China
18-05-2018 | 08:49:57
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] Coca Cola opens $70 million juice line at Nairobi’s plant
16-05-2018 | 09:15:00
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.
World Cocoa Foundation and Ghana Cocoa Board join efforts to preserve Ghanaian cocoa
14-05-2018 | 07:38:00
The World Cocoa Foundation and Ghana Cocoa Board have announced plans to expand their joint efforts to preserve the flavor of Ghanaian cocoa.
[South Africa] Libstar Holdings Limited lists on the Johannesburg Stock Exchange
11-05-2018 | 11:02:00
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.
[South Africa] Iberchem Group to acquire a majority stake in Versachem
08-05-2018 | 06:49:00
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.