LATEST NEWS
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Serbian food company Master Food recieves EBRD funding to expand production
SERBIA – The European Bank of Reconstruction and Development EBRD has funded Master Food, a western Serbia-based company that purchases, processes, and packages organic and…
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Walmart takes full control of Massmart following US$371m stake acquisition deal
SOUTH AFRICA – South African retailer Massmart has delisted from the Johannesburg Stock Exchange following its full acquisition by American multinational retail corporation Walmart in…
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Shoprite continues to narrow focus on outside markets, mull exit from DRC
DRC – Shoprite, Africa’s largest supermarket retailer, has decided to shut its operations in Democratic Republic of Congo. The decision follows its exit from Nigeria,…
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Tiger Brands appoints Polycarp Igathe as Chief Growth Officer-Rest of Africa, Zayd Abrahams as Chief Marketing and Strategy Officer
SOUTH AFRICA – South African food manufacturer, Tiger Brands, has welcomed back Polycarp Igathe and Zayd Abrahams to its team. The consumer goods company has…
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Parle becomes first Indian packaged food company to record more than US$2B in sales
INDIA – Parle Products, a leading biscuit maker based in Mumbai, has crossed $2 billion in annual revenues during FY22, becoming the first packaged food…