Astral Foods CEO Chris Schutte to undergo "high-risk" surgery
South Africa-based poultry processor Astral Foods is to see CEO Chris Schutte take a period of leave to undergo surgery.
View ArticlePrivate-equity firm Actis invests in South African food firm Libstar
South African food company Libstar Holdings has seen a portion of its business fall into the hands of another private-equity owner.
View ArticleSouth Africa's RCL Foods confirms FY earnings slide
RCL Foods, the South Africa-based manufacturer, has given more details on the extent to which its annual earnings have fallen in the company's most recent financial year.
View ArticleSouth African ostrich meat firms Klein Karoo and Mosstrich allowed to merge
A planned merger between two South African ostrich meat companies - Klein Karoo International and Mosstrich - has been ruled on by the country's competition watchdog.
View ArticleGlobal food industry M&A deals totalled $2.46bn in July
GlobalData, a data and analytics company and just-food's parent company, has revealed the food industry M&A deals total for July.
View ArticleNigeria's Sundry Foods backed by Norwegian PE firm Norfund
Sundry Foods, a Nigerian foodservice supplier operating in the quick service restaurant (QSR) sector in its home market, has been backed by an investment business from Norway.
View ArticleUnilever invests in Kenya-based plastics recycling business Mr Green Africa
Anglo-Dutch consumer goods giant Unilever has invested in a Kenya-based plastics recycling business alongside two investment organisations.
View ArticleArla Foods to help further develop sustainable dairy industry in Nigeria
European dairy cooperative Arla Foods has entered a commitment to help further develop a sustainable dairy industry in Nigeria.
View ArticleClover Industries committed to creating jobs if takeover deal approved
Clover Industries, South Africa's largest dairy group in the midst of a takeover deal, is to cut jobs as part of an efficiency drive.
View ArticleConsortium takeover of Clover Industries approved with conditions
A takeover of South African dairy group Clover Industries by a consortium of investors known has been approved by a competition tribunal
View ArticleAstral Foods issues profit warning; CEO Chris Schutte returns after surgery
Astral Foods has issued a profit warning for the fiscal year ended in September partly as a result of higher maize prices.
View ArticleDangote Flour Mills investors give green light to bid from Olam International
The shareholders of Nigeria-based flour and pasta supplier Dangote Flour Mills have given their backing to a takeover bid from one of the world's largest agri-food businesses.
View ArticlePrivate-equity house TPG lines up investment in Kenyan dairy firm Maziwa
TPG, the US private-equity major, has snapped up a minority stake in a dairy firm in Kenya, according to a filing from the local competition regulator.
View ArticleTiger Brands puts Enterprise Foods on market after sale of Deli Foods division
South Africa-based food company Tiger Brands has launched a review of its value-added meat products division following a listeria outbreak last year.
View ArticleNamibian meat company Hartlief sells majority stake to local conglomerate O&L
Namibian meat business Hartlief has sold a majority stake in the business to a local conglomerate for an undisclosed sum.
View ArticleEthiopia-based biscuit maker Ahadukes Food Products attracts PE investment
Ahadukes Food Products, an Ethiopia-based biscuits maker, has received an undisclosed investment from a private-equity fund.
View ArticleSouth African meal kit firm Daily Dish to merge with peer after TCapital deal
Daily Dish, a South African meal-kit company, is to be merged with a local peer after being acquired by private equity firm TCapital.
View ArticleIndustry faces daunting task on child labour in cocoa despite new momentum
Ben Cooper welcomes the progress Nestlé is making on tackling the use of child labour in the cocoa supply chain but stresses the company - and industry - still has work ahead.
View ArticlePepsiCo takes stake in Ethiopian crisps firm Senselet
US food and beverage giant PepsiCo has taken a stake in an Ethiopian crisps firm founded by a Dutch investment company.
View ArticleTiger Brands CEO Lawrence MacDougall to be replaced by CFO Noel Doyle
South Africa-based food group Tiger Brands has announced that CEO Lawrence MacDougall is to step down from the role and has named his replacement.
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