Africa's Food and Beverage Industry magazine 

Sugar tax could slash GDP by R14bn - BevSA

SOUTH AFRICA - The proposed tax on sugar sweetened beverages (SSBs) has the potential to reduce the industry’s contribution to South Africa’s gross domestic product (GDP) by R14bn, the Beverages Association of South Africa (BevSA) warned on Tuesday.

Lagos’ largest mall set for commissioning

NIGERIA - Novare Real Estate Africa, a firm of real estate development that specialises in building state of the art commercial properties such as malls, and owners of Novare Lekki Mall, has concluded plans to commission the largest mall in Lagos which cost is put at whopping N31.5 billion this Thursday.

Dangote Flour bounces back to profitability with N2.6bn

NIGERIA - Dangote Flour Mills Plc has returned to profitability, posting a Profit Before Tax (PBT) of N2.64 billion in the half year ended June 30, 2016, compared to a loss of N9.55 billion posted at the corresponding period in 2015 after its re-acquisition from Tiger Branded Consumer Goods Plc some months ago.

RCL warns full-year profit may tumble 80%

SOUTH AFRICA - RCL Foods, SA’s largest chicken producer, said on Thursday its full-year profit probably fell as much as 80% after it wrote down $48m in its milling business and the country’s worst drought in more than a century hurt its sugar and poultry units.

Songhai Group, Kasapreko sign management deal

GHANA - The Songhai Group, a corporate development company, has signed a deal with Kasapreko, the Ghanaian drinks manufacturing company, to roll out a corporate-wide Executive Management Programme and partner with Kasapreko to implement a series of initiatives to accelerate the transformation of the company into a global market leader in its categories.