Latest News Updates
Get latest updates/news emanating from around the Middle-East and African region.
Cocoa prices increase as bean arrivals in ports drop 29%, report reveals
IVORY COAST- International cocoa prices have increased sharply to two-week highs after [...]
Region: N/A
Date: 29-May-2024
Kenya extends duty-free sugar importation period to stabilize prices
KENYA – Kenya’s National Treasury has extended the duty-free importation period f [...]
Region: N/A
Date: 29-May-2024
Jagatjit Industries to venture in single malt whisky market
INDIA – Jagatjit Industries, one of the most prominent companies manufacturing IMFL [...]
Region: N/A
Date: 29-May-2024
ITC fails to achieve profit estimates despite 2% increase in revenue in FY24
INDIA- FMCG and cigarette company ITC has reported a below-projection net profit of Rs [...]
Region: N/A
Date: 29-May-2024
KWAL unveils upgraded bottle design for Hunter’s Choice brand
KENYA – Kenya Wines Agency Ltd (KWAL), a subsidiary of Kwal Holdings East Africa Lim [...]
Region: N/A
Date: 29-May-2024
Allied Blenders and Distillers’ Zoya Gin wins ‘Campaign Innovator of the Year’
INDIA – Allied Blenders and Distillers Limited (ABDL), India’s third-largest IMFL [...]
Region: N/A
Date: 29-May-2024
Kenyan coffee farmers brace for return of coffee board amid mixed reactions
KENYA – Kenyan coffee farmers are preparing for the re-establishment of the Coffee B [...]
Region: N/A
Date: 29-May-2024
Princes Group to be fully acquired by Italian firm Newlat for US$893M
UK – UK-based food and drinks manufacturer Princes is set to be entirely acquired by [...]
Region: N/A
Date: 29-May-2024
Ackerman Family relinquishes control over Pick n Pay after 60 years
SOUTH AFRICA – Pick n Pay’s founder, the Ackerman Family, has announced it will ce [...]
Region: N/A
Date: 29-May-2024
Mondelēz inaugurates US$5M Singapore innovation hub
SINGAPORE—Snack and confectionary giant Mondelēz International has reaffirmed its c [...]
Region: N/A
Date: 29-May-2024
Record low cattle numbers in Scotland raise concerns for Scotch beef future
SCOTLAND – The number of cows being farmed in Scotland is hitting a record low, igniting [...]
Region: N/A
Date: 27-May-2024
Kenya’s sugarcane stakeholders form pricing committee to resolve payment dispute
KENYA- Kenyan sugarcane stakeholders have initiated talks to establish a pricing committee [...]
Region: N/A
Date: 27-May-2024
Nestlé Nigeria adjusts asset value to US$208M
NIGERIA- Nestle Nigeria has announced the strategic revaluation of its property, plant, an [...]
Region: N/A
Date: 27-May-2024
Kenya’s alcohol market risks surge in illicit trade, warns industry stakeholders
KENYA – Kenya’s alcoholic drinks market could see illicit alcohol dominate up to 70 pe [...]
Region: N/A
Date: 27-May-2024
United Spirits reports two-fold increase in Q4 net profit
INDIA – United Spirits Ltd (USL), a Diageo-controlled liquor manufacturer, has reported [...]
Region: N/A
Date: 27-May-2024
The Duckhorn Portfolio expands distribution network in the US
US – The Duckhorn Portfolio, a prominent US wine group, has announced new wholesale dist [...]
Region: N/A
Date: 27-May-2024
Trident Traders to launch AB InBev’s Haywards 5000 in the UK
INDIA – UK-based importer Trident Traders is set to introduce the popular Indian lager H [...]
Region: N/A
Date: 27-May-2024
EU slaps Mondelez with US$366M fine for breaching competition rules
BELGIUM – The European Union has imposed a US$366 million antitrust fine on confectionar [...]
Region: N/A
Date: 27-May-2024
Starbucks India’s reports US$9.75M widened loss, despite 12% sales growth
INDIA – The joint venture between Starbucks and Tata Consumer Products Limited (TCPL) ha [...]
Region: N/A
Date: 27-May-2024
Lagos State launches Butchers’ Academy, Last Mile Meat Shops to sanitize red meat value chain
NIGERIA – In an ongoing effort to sanitize the red meat value chain, the Lagos State gov [...]
Region: N/A
Date: 27-May-2024
KHS Connect: digital interfaces developed further for even closer cooperation with the customer
Strong connection: KHS lines and machines are in operation the world over, with all releva [...]
Region: N/A
Date: 27-May-2024
Premier Foods exceeds profit expectations amid rapid growth of grocery wing
UK – Food processing company Premier Foods has reported exceeding market expectations fo [...]
Region: N/A
Date: 24-May-2024
Consumer spending in Cameroon drives economic growth despite inflation- INS
CAMEROON – According to a report by the National Institute of Statistics (INS), consumer [...]
Region: N/A
Date: 24-May-2024
Africa Improved Foods to invest US$40M in new Ethiopian facility
ETHIOPIA- The Africa-focused public-private food manufacturer Africa Improved Foods (AIF) [...]
Region: N/A
Date: 16-May-2024
Kenya coffee auction records slight increase in earnings despite quality concerns
KENYA – Kenya’s coffee industry recently witnessed a slight increase in earnings, with [...]
Region: N/A
Date: 16-May-2024