Sir Bob Geldof among investors in Nigerian biscuit firm Beloxxi
Nigerian cracker maker Beloxxi is to expand production backed by an US$80m package of support from international investors including Germany's government-owned development bank KfW and a private-equity...
View ArticleGeldof fund 8 Miles eyes Beloxxi expansion across Africa
8 Miles, the UK-based, Africa-focused private-equity firm chaired by Sir Bob Geldof, believes its latest investment, Nigerian biscuit firm Beloxxi, can expand further across the continent.
View ArticleSouth Africa's RCL Foods issues profit warning
RCL Foods, the South African group, has warned annual earnings will come in lower than those generated in the previous 12 months, hit by an impairment on its milling business and the effects of the...
View ArticleCountry Bird offer for Sovereign Food Investments "fair" - independent review
Country Bird Holdings' bid for fellow South African poultry group Sovereign Food Investments has been judged to be "fair and reasonable", the takeover target said today (19 August).
View ArticleArla Foods to help dairy development in Nigeria
Arla Foods has signed a deal with Nigeria's federal government to help develop the country's dairy sector.
View ArticleCherkizovo launches halal deliveries to Tanzania
Russia-based meat producer Cherkizovo has started exports of halal poultry meat to Tanzania as part of moves to expand its presence internationally.
View ArticleRCL Foods - South Africa poultry industry in "crisis"
RCL Foods, the South African food group, has warned the country's poultry industry is in "crisis", with the company admitting it is weighing up "all options" as it looks at its own business in the sector.
View ArticleNew Algiers production facility for Sodiaal's Candia
Algerian dairy firm Tchin Lait, a franchisee of France's Sodiaal group subsidiary Candia, has expanded production with the opening of a new UHT facility in the capital city of Algiers.
View ArticleQuantum Foods to acquire African eggs producer Galovos
South African poultry processor Quantum Foods Holdings is to acquire the Mozambique-based commercial producer and seller of eggs Galovos.
View ArticleClover "gains traction" in value-added dairy
South African food group Clover Industries said that its strategy to balance its portfolio by expanding in value-added dairy continued to "gain traction" this year.
View ArticlePoultry group Astral issues earnings warning
South African poultry group Astral Foods has warned that both headline earnings and earnings per share for the 12 months ending 30 September will be down between 50% and 70% compared to the previous year.
View ArticleSovereign Food Investments takes legal advice on Country Bird's change to offer
Country Bird Holdings' bid to buy fellow South African poultry group Sovereign Food Investments has taken a fresh twist, with the takeover target claiming its suitor's move to change a key condition of...
View ArticleSovereign Food Investments forecasts H1 loss
Sovereign Food Investments, the South African poultry group that is subject to a takeover bid from local rival Country Bird Holdings, has said it expects to report a loss for the first six months of...
View ArticlePioneer Food Group CFO Cindy Hess resigns
Cindy Hess, the CFO of South Africa's Pioneer Food Group, has resigned and will leave the business at the end of October.
View ArticleRhodes Food Group eyes acquisition of South African peer Pakco
Rhodes Food Group, the South African company, said today (4 October) it plans to buy local spices and condiments business Pakco.
View ArticleFood market news of the week - Mars unifies confectionery arms, McCormick in...
This week saw Mars buy Warren Buffett's stake in Wrigley, giving the US group 100% of the chewing gum maker and consolidating its confectionery businesses. On our M&A pages, we featured how South...
View ArticleWhat are the next major markets for gluten-free? South Africa's fledgling but...
The gluten-free market has taken root quickest in markets in North America and western Europe but manufacturers looking for more business opportunities could look to South Africa, a country where the...
View ArticleQuantum Foods warns FY earnings could fall 40%
Quantum Foods, the South African poultry processor, has forecast its annual earnings could drop by as much as 40% due to pressure from raw material costs.
View ArticleAjinomoto, Toyo Suisan Kaisha end Nigeria venture
Japanese food groups Ajinomoto and Toyo Suisan Kaisha are ending their joint venture in Nigeria.
View ArticleNestle to expand Maggi, Nido plant in Cameroon
Nestle is to expand a plant in Cameroon as part of plans to build its presence in the central African country and other markets in the region.
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