Astral denies bid rumour for Sovereign Food Investments
South Africa's Astral Foods has denied it has made an offer to acquire a stake in fellow poultry processor Sovereign Food Investments.
View ArticleNestle ups powdered milk production in Zimbabwe
Nestle has increased its milk powder production capacity in Zimbabwe.
View ArticleTiger Brands exits loss-making Nigeria unit
Tiger Brands has sold its share in its loss-making Nigeria business, Tiger Branded Consumer Goods of Nigeria, to partner Dangote Industries.
View ArticleQuantum Foods still in mystery talks
South African poultry processor Quantum Foods has said it remains in talks that could have an impact on the company's share price.
View ArticleSouth Africa to resume US poultry, beef and pork imports
Trade representatives from the US and South Africa have reached an agreement that will see US poultry, beef and pork imports to South Africa resume.
View ArticleOlam eyes growth in Nigerian pasta, flour sector with BUA acquisition
Singapore's Olam International plans to grow its business in Nigeria with the acquisition of the pasta and flour milling operations of BUA Group.
View ArticleOld Mutual acquires In2Food stake
Old Mutual Private Equity Investments has acquired a "significant minority" stake in South African convenience food maker In2Food.
View ArticleAvril Group confirms plans for Algeria mayo plant
Avril Group, the French agrifood business, has confirmed reports it plans to build a mayonnaise factory in Algeria.
View ArticleQuantum Foods mystery talks "not successfully concluded"
Mystery talks Quantum Foods has been engaged in since September which it warned could have an impact on the company's share price have now ended, the firm has revealed.
View ArticleEthiopian dairy MB plc secures investment from US fund Schulze Global
US investment firm Schulze Global Investments has acquired a 45% stake in Ethiopian dairy firm MB plc.
View ArticleClover Industries shrugs off price pressure in first half
South African dairy group Clover Industries said it overcame pricing pressure caused by over-supply in the first half of its financial year and forecast an increase in sales and earnings for the period.
View ArticleCoca-Cola to invest in Nigerian dairy group Chi
Coca-Cola Co. is to buy a minority stake in Nigerian dairy and soft drinks business Chi.
View ArticleAssociated British Foods tables offer for Illovo Sugar
Associated British Foods has tabled an offer to acquire the shares in South Africa's Illovo Sugar it does not already hold.
View ArticlePioneer Food Group warns on South Africa outlook
South Africa's Pioneer Food Group has warned of deteriorating conditions facing food makers in the country.
View ArticleTiger Brands warns on consumer sentiment, rising costs
South African food group Tiger Brands has said it will have to "judiciously" manage volumes and margins over the coming year as it is caught between rising input costs and weak consumer sentiment in...
View ArticleRCL Foods cautious over South Africa outlook
RCL Foods, the South Africa-based peanut butter-to-poultry supplier, has cautioned the recent drought in South Africa and the weak rand could lead to inflation and affect margins.
View ArticleArla lines up investment in Nigerian milk production
Arla Foods today (24 February) outlined plans to invest in Nigeria's milk output in a bid to "improve" local raw milk production and quality.
View ArticleClover Industries shrugs off cost inflation, price pressure
Clover Industries reported higher sales and earnings for the first six months of its financial year, as the South African food group branded portfolio and a focus on higher value items enabled it to...
View ArticleTiger Brands names Mondelez's Lawrence MacDougall CEO
Tiger Brands, the South Africa-based consumer goods group, has appointed Mondelez International executive Lawrence MacDougall as the company's new CEO.
View ArticleAstral Foods issues H1 profit warning
Astral Foods, the South African poultry group, has trimmed its forecast for half-year headline earnings per share, citing increased costs and lower demand.
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