KENYA - Global fast-food franchise Kentucky Fried Chicken (KFC) is set to open a new outlet in Nakuru on Saturday, marking the company’s first investment outside Nairobi.
ZIMBABWE - Quick service restaurant firm Simbisa Brands says top line performance for the three months to September 30, 2016 marginally improved on a 10 percent increase in counters and growth in customer base.
ZIMBABWE – A wholly local entity, Spar Zimbabwe, has taken custody of the South African retailer’s brand in the country following the closure of the Spar Group’s distribution centre.
KENYA - Business tycoon Peter Kuguru has put up his 20-year-old Softa beverages company for sale, marking the end of an era in which a Kenyan firm took global giant Coca-Cola head-on.
KENYA - Nyandarua County Investment Forum, which includes local dairies and businesspeople, says it is planning a Sh1.2 billion milk processor in Kipipiri set to be complete by 2018.
SOUTH AFRICA - Local food producers Rhodes and Pioneer have warned that the effects of the severe drought could continue to be felt in 2017, which would put a strain on their interim earnings.
SOUTH AFRICA - South African farmers intend to plant 35% more hectares of maize than last season as improved weather conditions encourage them to sow, a Reuters poll showed on Tuesday.
ZIMBABWE - Packaging firm, Nampak Zimbabwe Limited (Nampak), says it spent $5,9 million on capital expenditure in the full-year to September 30 as its operating profit surged 65 percent to $6,8 million from $4,1 million prior year.
SOUTH AFRICA - Tiger Brands reported aftertax profit of R3.3bn for the year to end-September — 3.5 times higher than the previous year’s R942m, which was dragged down by a R2.2bn write-down of its Nigerian acquisition Dangote Flour Mills.
SOUTH AFRICA - Global ice cream specialty giant Baskin-Robbins is set to hit South Africa with its first shop opening in Cape Town in December.
KENYA - American fast food chain Burger King on Monday opened its first outlet at the Hub Mall in Karen, becoming the latest international food brand to set up in the country in the last three years.
SOUTH AFRICA - Astral Foods on Monday reported a 52.3% drop in net profit to R372.16m in the year to end-September from the year-earlier period.
ZIMBABWE - President Robert Mugabe’s government is under pressure to halt flour importations from Asia since they are hurting wheat farmers and local production of the commodity.
ZAMBIA - Zambezi Pineapples Limited has launched a pineapple processing factory in Ikelenge at a cost of about US$160,000 that will create market for over 1,200 smallholder farmers in the area.
KENYA - Investment firm Centum has pumped Sh1 billion into Almasi Beverages through a rights issue, raising its stake in the bottling company to 53.8 per cent and signalling its intention to possibly take full ownership of the firm.
NIGERIA - Poultry Association of Nigeria, PAN, has said that domestic eggs production has reached 10.3billion eggs per annum.
SOUTH AFRICA - In a rare show of solidarity between business and labour, management of some of the country’s biggest poultry producers are set to swap their offices for the streets and join the Food and Allied Workers Union’s (Fawu’s) three-city mass rolling action.
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