Beverages
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Monster Beverages granted greenlight to acquire Bang Energy out of Chapter 11
USA – Monster Beverage has been cleared to acquire former rival Bang Energy out of Chapter 11 for US$362 million and settle litigation between the…
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Russia seizes control of Carlsberg assets, putting brakes on planned sale
RUSSIA – In a surprising turn of events, the Russian government has seized the operations of Carlsberg in the country, sending shockwaves through the multinational…
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Kayonza Growers Tea Factory sets up new subsidiary in Kanungu District
TANZANIA – Kayonza Growers Tea Factory has inaugurated a TZS 20.8 billion (US$0.854m) subsidiary in Mpungu, positioning Kanungu District as a prominent tea production hub.…
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KTDA Board appoints Enos Njiru Njeru as new national chairman
KENYA – The Board of the Kenya Tea Development Agency (KTDA) has appointed Enos Njiru Njeru as its national chairman, effective July 17, 2023. The…
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WHO declares aspartame possible carcinogen but safe for consumption in moderation
GLOBAL – In a highly anticipated ruling, the World Health Organization (WHO) has declared aspartame, the popular artificial sweetener, to be a “possible carcinogen” but…