Food Business Africa News

AFRICAN NEWS HEADLINES

Josphat Mwangi named as General Manager of CCBZ?

ZAMBIA—Coca-Cola Beverages Africa (CCBA) has appointed Josphat Mwangi as the new General Manager of its subsidiary, Coca-Cola Beverages Zambia?.?. .?More

Kapchorua Tea reports 27% profit surge?

KENYA – Kenya’s Kapchorua Tea has reported a 27 percent year-on-year increase in Profit after Tax (PAT), reaching US$3.09 million from US$2.43 million for the financial year ending March 31, 2024?.?. .?More

Eos Capital invests in poultry farming in Namibia?

NAMIBIA – Eos Capital, in collaboration with Africa Venture Partner Projects (AVPP) and Oyeno Poultry Industries, is set to invest in Kadila Poultry Farming through its Euphrates Agri Fund in Namibia?.?. .?More

IFAD, Malawi launch US$53M agricultural development program?

MALAWI - Malawi and the International Fund for Agricultural Development (IFAD) have launched the US$53 million Sustainable Agriculture Production Program Phase II (SAPP II) meant to improve smallholder agriculture.?. .?More

Kenya enhances access to EU market in trade deal?

KENYA- The European Union and Kenya have announced the enforcement of the EU-Kenya Economic Partnership Agreement (EPA), the first trade agreement between the bloc and a developing country?.?. .?More

GLOBAL?NEWS HEADLINES

Britannia appoints Urjit Patel as Independent Director??

INDIA- Britannia Industries has appointed Urjit Patel as an Independent Director to strengthen the board’s expertise and improve corporate governance...?More

Jollibee to acquire majority stake in Compose Coffee?

PHILIPPINES – Jollibee Foods to acquire a majority stake in Compose Coffee in a deal valuing the target at US$340 million?.?. .?More

Fortifi Food Processing Solutions acquires LIMA?

USA – Fortifi Food Processing Solutions has completed the acquisition of LIMA (Les Innovations Mecaniques Alimentaires), aiming to expand its capabilities and market presence in the food processing industry.?. .?More

ITC’s FMCG wing set to cross US$4B revenue mark?

INDIA- ITC's FMCG business wing is set to cross the US$4 billion revenue mark due to diversification and promotional strategy?.?. .?More

Plantaway Foods unveils 100% plant protein Chick’n Fillet?

INDIA – Plantaway has introduced its latest product: the 100% Plant Protein Chick’n Fille, aims to address the increasing demand for nutritious and flavorful vegetarian products?.?. .?More