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Nakumatt, Tuskys deal faces regulatory hurdle

KENYA - Troubled retail chain Nakumatt’s proposed merger with rival Tuskys Supermarkets was yesterday facing a major regulatory hurdle after it emerged that the two top retailers had not sought the competition watchdog’s approval as required by law.

French aid agency to finance Addis abattoir relocation

ETHIOPIA - The French Development Agency (AFD) pledges close to two billion Birr financing to modernise and relocate Addis Abeba Abattoirs Enterprise on 20ha land within nine kilometres radius from the runway of Bole International Airport- the largest international airport in the country.

CBH to abandon Sovereign deal due to Avian flu

SOUTH AFRICA - Country Bird Holdings (CBH) looks set to abandon its second bitterly fought attempt to get control of Sovereign Foods, with CBH CEO Marthinus Stander expressing concern on Friday about the possible effect of avian flu on Sovereign’s Uitenhage operations.