LATEST NEWS
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Fonterra sells China JV farms to AustAsia Investment to focus more on New Zealand milk production
China – Fonterra, a leading dairy cooperative owned by New Zealand dairy farmers, is selling its stake in two joint venture (JV) farms in Shandong province,…
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Africa’s fast growing alcoholic beverage distributor KDV sells minority stake to Tana Africa Capital
AFRICA – Kensington Distillers & Vintners, a London based alcoholic beverage manufacturing and distribution business with operations in South Africa, Kenya and Nigeria, has acquired…
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Tetra Pak to invest US$119m in French facility expansion in readiness for transition to tethered caps
FRANCE – Tetra Pak, a multinational food packaging and processing company headquartered in Switzerland, is planning to invest €100 million (about US$119 million) in a project to…
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254 Brewing Co: Bold enough to launch a beer business at the height of a pandemic
As big beer manufacturers were announcing that they were putting on hold any investments across many parts of Africa and the World, somewhere in Kenya, a new craft brewing company was being set up by two expatriates who had seen potential in Kenya’s nascent craft beer market.
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Fortification of milk products in India gathers pace
India, the world’s largest milk producer, issued a draft of regulations for mandatory fortification of packaged milk through the FSSAI in January 2021 in a bid to address the pertinent issue of Vitamin A and D deficiency in the country which are responsible for night blindness and bone disorders such as rickets and osteoporosis, respectively.