Sugar & Confectionery
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BUA Group clinches US$200m to finance establishment of new integrated sugar project
NIGERIA – BUA Group, one of Nigeria’s leading manufacturing conglomerate, has received a US$200 million corporate facility from Africa Finance Corporation (AFC), Africa’s leading infrastructure…
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Universal Robina expands international snack portfolio with acquisition of Munchy Food Industries
MALAYSIA – Philippines-based food and beverage company, Universal Robina Corporation (URC) is set to have an expanded international product portfolio with the acquisition of Munchy Food…
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Mondelēz bolsters US supply chain operations with US$122.5m in Richmond facility
USA – American multinational confectionery and snack food company Mondelēz International is bolstering its US supply chain capability with a US$$122.5 million in its facility…
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Mondelez eyes South African snacks, frozen convenience food maker AVI Limited
SOUTH AFRICA – American multinational snacking giant, Mondelez international is reportedly considering to make a bid for South African food and beverage company AVI Limited.…
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Tongaat Hulett to surrender majority share-holding through rights offer aimed to cut towering debts
SOUTH AFRICA – Indebted South African sugar producer Tongaat Hulett, has proposed a major recapitalisation via a rights offer of new shares, partially underwritten by…