Profit warning from S Africa's AVI
South African consumer goods group AVI has warned its full-year earnings are expected to be down more than 10% after problems at seafood arm I&J.
View ArticleEgypt's Edita Food Industries secures loan for new Morocco plant
Egypt's Edita Food Industries has obtained a loan from a Middle Eastern bank to complete the construction of a new production facility in Morocco.
View ArticleNestle's Fairtrade move is wrong - and very wrong now
just-food's Ben Cooper sets out his opposition to Nestlé's decision to end Fairtrade certification for its flagship KitKat chocolate brand in the UK and Ireland.
View ArticleInvestors vie for stakes in South Africa's Quantum Foods
South Africa's Quantum Foods is drawing interest from investors looking for stakes in the poultry and eggs producer.
View ArticleFresh investment in South Africa's Quantum Foods
South Africa-based poultry processor Quantum Foods has revealed two separate entities will acquire stakes in the business.
View ArticleCovid-19 food industry updates - Friday 17 July (free to read)
just-food is providing daily updates on how the Covid-19 pandemic is affecting the world's packaged food sector.
View ArticleLibstar adds frozen meals capability to Millennium Foods
Libstar Holdings revealed it has made a number of investments to boost the South African food group's production capacity and expand its category mix.
View ArticleTiger Brands confirms Molare and Silver Blade as buyers of meats business
South African food group Tiger Brands has revealed it is selling its processed meats business to two different local companies.
View ArticleAnother profit warning from South Africa's RCL Foods
RCL Foods, the major South African manufacturer, has announced another profit warning ahead of the planned publication of its annual results next week.
View ArticleTiger Brands issues FY profit warning
Tiger Brands, the South Africa-based food group, has forecast how much it expects to see its profits fall in the company's current financial year.
View ArticleTiger Brands hires advisers to sell fruit assets
The reshaping of Tiger Brands' business is set to continue, with another of the South African group's units being prepared for the block.
View ArticleEBRD supports expansion of cheese maker Land'Or in Morocco and Tunisia
An international investment bank is supporting the dairy industry in Tunisia and Morocco through a loan for two projects.
View ArticleFrieslandCampina, Egypt's Domty sign agreement to target Africa cheese market
Dutch dairy giant FrieslandCampina and Egypt's Arabian Food Industries plan to explore joint opportunities in cheese.
View ArticleCocoa partnership puts aside failures with bold new aims on child labour
Attempts to tackle child labour in cocoa have over-promised and under-delivered. Could a new plan from multi-stakeholder body International Cocoa Initiative be different?
View ArticleCocoa partnership puts aside failures with bold new aims on child labour
Attempts to tackle child labour in cocoa have over-promised and under-delivered. Could a new plan from multi-stakeholder body International Cocoa Initiative be different?
View ArticleSouth African poultry processor Astral Foods issues profit warning
South African poultry processor Astral Foods has issued a profit warning, partly due to costs associated with Covid-19.
View ArticleAfrican Pioneer Marine acquires South Africa pilchard brand Glenryck
South Africa-based fish producer Pioneer Fishing, part of the African Pioneer Marine (APM) group, has snapped up a local canned fish business.
View ArticleAstral Foods CEO Chris Schutte hospitalised after accident
Chris Schutte, the chief executive of South African poultry processor Astral Foods, was admitted to hospital last weekend after he was involved in a motorcycle accident.
View ArticleKenyan fresh food supplier Kakuzi suspended by Tesco following abuse claims
Kakuzi, a Kenya-based supplier of avocado, pineapple and macadamia nuts, has initiated an investigation into serious abuse claims on its estates.
View ArticleTiger Brands expects earnings to be down on last year
Tiger Brands, the South African food business that sold its processed meat operations during the summer, has issued yet another profit warning.
View Article