Food Business Africa News

Food Business Africa News

AFRICAN NEWS HEADLINES

Zambeef Products PLC shares rise

ZAMBIA– Zambeef Products PLC saw its share price rise by 2.2%, ?with shares trading as high as GBX 6 (US$0.08) before settling at GBX 5.75 (US$0.07).?. .?More


Rainbow Chicken has gone public after RCL Foods spin-off

SOUTH AFRICA – RCL Foods has successfully spun off its poultry production operations, resulting in the independent listing of Rainbow Chicken on the Johannesburg Stock Exchange.?. .?More


Zanzibar, South Korea partner to boost fisheries

ZANZIBAR – Zanzibar has partnered with South Korea to assess the feasibility of building a modern fishing port and developing extensive fishery infrastructure.?. .?More


World Bank to invest US$150 Million in Malawi, Mozambique

SOUTHERN AFRICA - The agriculture sectors of Malawi and Mozambique are poised for substantial growth due to the World Bank’s Southern African Trade and Connectivity Project.?. .?More


Kenya to boost exports through EPZ

KENYA – In the past six months, four new private zones have been gazetted, bringing in a capital investment of KES 13.8 billion (US$106M).?. .?More

GLOBAL?NEWS HEADLINES

Pernod Ricard to construct US$26.71M distillery?

JAPAN -?Pernod Ricard has begun building a new €25 million (US$26.8 million) carbon-neutral distillery for its Japanese gin brand, Ki No Bi.?. .?More


Sonya Ghobrial appointed Global Head of Investor Relations by Diageo

UK —?Diageo has announced the appointment of Sonya Ghobrial as its new Global Head of Investor Relations, starting October 2024.?. .?More


WK Kellogg, Crumbl partner to produce cereal

USA -?The cereal is the result of a collaboration between Crumbl’s R&D team and WK Kellogg’s food designers to ensure it remains faithful to both brands.?. .?More


China’s FMCG receives boost after increased spending

CHINA – A joint report by the China Shopper Report, Bain & Company, and Kantar World panel indicates that FMCG spending increased by 2% in Q1 2024.?. .?More


Denmark pioneers groundbreaking livestock carbon tax?

DENMARK – Denmark is poised to become the first country to implement a tax on carbon dioxide emissions from livestock, aiming to inspire global efforts to combat climate change.?. .?More



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