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Ivory Coast, Ghana strengthens cocoa alliance to safeguard sector priorities
WEST AFRICA – Ivory Coast and Ghana, the two West African nations who together produce more than 60% of the world’s cocoa, have pledged to…
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Ugandan Yo Kuku chicken brand owner to bag US$7m from IFC to spearhead expansion plan
UGANDA – HMH Rainbow Ltd, a producer of fresh and frozen chicken in East Africa under the brand name Yo Kuku, is eyeing financial backing…
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Heineken South Africa announces retirement of current CEO, yet to find successor
SOUTH AFRICA – Heineken South Africa has announced the retirement of its Managing Director, Gerrit van Loo, almost three years after he took over the…
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Danone finalizes sale of stake in Chinese dairy company Mengniu
FRANCE – French dairy company, Danone has finalized the strategic sale of its approximately 9.8% stake in China Mengniu Dairy Company Limited. According to a…
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Jumia yet to turn to profitability, reports 6.4% decline in Q1 revenue
AFRICA – The New York Stock Exchange listed Africa-focused eCommerce company, Jumia has posted first-quarter revenues of €27.4 million (US$33m), a 6.4% drop from the…