Bimbo acquires Morocco's Adghal bakery
Mexico-based bakery giant Grupo Bimbo has entered the African market with the purchase of the Adghal group, a Morocco-based producer of baked goods.
View ArticlePioneer Food Group revises H1 profit warning
Pioneer Food Group, the South Africa-based food and drinks group, has warned its half-year earnings could fall by more than it previously estimated.
View ArticleSovereign Food Investments forecasts FY loss
Sovereign Food Investments, the South Africa-based poultry processor, has forecast it will post a loss for the year to the end of February.
View ArticleAstral Foods sees H1 profits tumble
Higher feed costs caused by drought, lower volumes and cheap European imports have hit South African poultry producer Astral Foods' half-year profits, which have slumped by more than half year-on-year.
View ArticleSovereign Food Investments books FY loss over takeover battle costs
Sovereign Food Investments, the South Africa-based poultry processor, has booked a loss of ZAR35m (US$2.6m) for the year to the end of February, despite increased sales.
View ArticlePioneer Food Group names Felix Lombard as CFO
Pioneer Food Group, the South Africa-based food and drinks group, has appointed Felix Lombard as its new chief financial officer.
View ArticlePioneer Food Group confirms tumble in H1 earnings
Pioneer Food Group has confirmed its profits slumped during the first half of its financial year, with the South Africa-based business citing pressure from maize costs.
View ArticleRhodes Food Group books improved H1 sales, earnings
South Africa-based Rhodes Food Group today (23 May) reported growth of 15.9% in headline earnings to ZAR126m (US$9.5m) for the six months to the end of March on increased sales.
View ArticleDanone invests in Fan Milk arm in Ghana
Danone has added production lines at a plant in Ghana run by Fan Milk, the African business in which the French group has a majority stake.
View ArticleTiger Brands H1 sales up, profits mixed
South Africa-based consumer goods group Tiger Brands today (25 May) booked increased half-year sales but reported mixed profit numbers.
View ArticleQuantum Foods profit halved in "challenging" H1
South African poultry processor Quantum Foods has booked increased first-half revenue but saw profit halved in a "challenging" period where prices of key raw materials rose "significantly" as a result...
View ArticleNestle mulling new investments in Nigeria
Nestle has confirmed it is considering proposals to boost sales in Nigeria by stepping up investment in its production and distribution networks in the country.
View ArticleClover Industries says FY profits could halve
Clover Industries has warned it expects a drop in full-year profits of as much as 55% as the South African dairy group is squeezed by higher input costs and "subdued" consumer sentiment.
View ArticleRefocused Tiger Brands sets margin target
Tiger Brands has outlined a five-year margin target as the South Africa-based food and drinks group looks to "focus" its portfolio, create a "cost-conscious culture" and become "consumer-obsessed".
View ArticleMondelez launches Cadbury biscuit lines in South Africa
Mondelez International has added Cadbury Breakaway and Cadbury Fingers to its range on sale in South Africa.
View ArticleAmbitious Arla remains patient with Africa - interview
With the consumption of dairy products in western countries stagnant, the world's largest processors are ramping up investment in emerging markets. European dairy giant Arla Foods is still targeting...
View ArticleSouth Africa meat suppliers probed over 'price fixing'
South Africa's Competition Commission said it raided the offices of several meat suppliers in the country today (14 June) as part of an investigation into alleged price-fixing.
View ArticleThai Union Ghana site remains closed after explosion
A Thai Union Group plant in Ghana remains closed amid an investigation into what caused a fatal explosion at the site.
View ArticleSouth Africa, Zimbabwe hit by avian influenza outbreaks
The poultry industries in South Africa and Zimbabwe have been hit by outbreaks of avian influenza in both countries.
View ArticleMars, Danone set out to boost Madagascar vanilla quality
Mars and Danone have launched an initiative to improve the quality of vanilla cultivated in Madagascar.
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