LATEST NEWS
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Dwindling capacity of slaughter-ready animals in Namibia take huge bite in Meatco’s earnings
NAMIBIA – Meat Corporation (Meatco), a state-owned meat processing and marketing entity in Namibia, has reported a loss of N$118 million (US$8.21m) for the year…
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South African sugar manufacturing giants RCL Foods, Tongaat Hulett expect rise in full year earnings
SOUTH AFRICA – RCL Foods, South African consumer goods and milling company expects its profit for the year ended June 2021, to exponentially rise by…
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Danone acquires majority stake in Harmless Harvest to accelerate growth of its plant-based business
USA – French dairy company Danone has through its venture arm Danone Manifesto Ventures (DMV) purchased a majority stake in Harmless Harvest to accelerate the growth of its…
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IFAD supports Guinea’s agriculture sector recover from COVID-19 pandemic by issuing a grant
GUINEA – The International Fund for Agricultural Development (IFAD), is seeking to provide the Republic of Guinea with a grant worth US$530,840, to improve the…
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Zomato eyes 10% stake in e-grocery startup Grofers to counter rising competition from rivals Swiggy and BigBasket
INDIA – India multinational food delivery company Zomato is angling for a 10% stake in Indian e-grocey startup Grofers to stave-off competition from rivals Swiggy and Big Basket. According…