Food Business Africa - Week 03 News

AFRICAN NEWS HEADLINES

Kenya's biggest restaurant chain Java House put up for sale

KENYA?-?Three years after acquiring Java House, Kenya's biggest restaurant chain, from Dubai-based Abraaj group, UK based private equity fund is putting up the chain for sale for undisclosed sum.?. .?More

Zimbabwe initiates livestock support programs to raise cattle herd?

CAMEROON?- The Zimbabwean government is eying to increase its cattle herd from 5.5 million to 6 million to resuscitate the beef market and substitute importation.?. .?More

CDM leverages KHS technology to upscale beer production in Africa

MOZAMBIQUE -??AB InBev's subsidiary Cervejas de Mo?ambique (CDM), is ramping up production of beer in Africa by utilizing KHS's modern technology in its new US$180 million brewery?.?. .?More

Morocco imposes ban on beef imports from the UK and Ireland

MOROCCO?- Amid Bovine Spongiform Encephalopathy (BSE) outbreak in the UK and Northern Ireland, the Morocco government has issued a notice to suspend beef and beef products imports from those countries?. .?.?More??

Danone Egypt cuts milk losses in?sustainability push

EGYPT?– Danone Egypt, a Fresh dairy giant Danone subsidiary, cuts its milk losses by 70% as part of its sustainability drive to reduce food waste in the country..?. .?More

GLOBAL?NEWS HEADLINES

Subway mulls US$10bn potential sale

USA -?Fast-food restaurant franchise, Subway, is deliberating to put its business up for sale at?a value of US$10 billion, according to sources?.?. .?More

Hindustan Coca-Cola Beverages revives?business sale option

INDIA?- Hindustan Coca-Cola Beverages (HCCB), the bottling arm of Coca-Cola, has revived plans of selling its business as a robust post-pandemic recovery boosts valuation again.?. .?More

Harvest Lodge to build US$108M distillers in Dublin

IRELAND?- Local government authority in Ireland has approved?plans for Harvest Lodge Distilleries to construct a new €100 million (US$108m) whiskey distillery in Balbriggan, County Dublin.?. .?More

Hindustan Unilever forays into health and wellbeing segment?

NDIA?- Hindustan Unilever Limited (HUL), an Indian consumer goods company, has marked its entrance?into the health and wellbeing segment with the acquisition of a 51% stake in Zywie Ventures Pvt Ltd for a total consideration of ?264.28 crore (US$32.4m)?.?. .?More

Tyson Food’s Caseyville facility US$180M expansion to create 400 jobs

USA -?Tyson Foods, the world’s second-largest chicken, beef and processing cooperation, has?invested US$180 million in expanding operations at its facility?in Caseyville facility, creating 400 additional jobs?.?. .?More