Editor
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Tyson to buy 49% stake in Malayan Flour Mills Berhad’s poultry business even as Q1 profits plunge
MALAYSIA – American multinational food corporation Tyson Foods has agreed to acquire a 49% stake in the poultry segment of Malaysian food manufacturer, Malayan Flour…
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Kraft Heinz sells planters brand to Hormel Foods for US$3.35Bn to focus on core areas of focus
US – Kraft Heinz has entered into an agreement to sell its nuts business to Hormel Foods for US$3.35 in an effort to shore up…
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Mondelez considers closing bakery plants in the US that are no longer geographically strategic
US – American multinational confectionery and food company Mondelez has said that it it would officially close plants in Atlanta and Fair Lawn, New Jersey…
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United Nations, Ecobank Group launch Make the Connection campaign to alleviate malnutrition in Africa
AFRICA – UNITLIFE, the United Nations initiative dedicated to fighting chronic malnutrition through innovation, and the Ecobank Group’s Foundation, the pan-African banking group with operations…
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Financial service group UBA in fresh bid to sell struggling Uchumi’s land on old debt
KENYA – Troubled Uchumi Supermarkets is in hot soup as UBA Bank, a Nigerian pan-African financial services group operating in Kenya, is seeking to sell…