KENYA - Health secretary Cleopa Mailu has rejected the planned trial of genetically modified (GM) maize in Kenya, dealing a big blow to scientists and global seed companies, who have been pushing for policy change on the controversial crop science.
AFRICA - The Coca-Cola Company plans to exercise its right to acquire Anheuser-Busch InBev’s (AB InBev) stake in Coca-Cola Beverages Africa (CCBA) following the closing of the acquisition of SABMiller by AB InBev.
EAST AFRICA - Uganda has come to the rescue of Kenya and Rwanda, selling both countries more than 11,502 tonnes of maize worth $6.65 million over the past two months.
TANZANIA - President John Magufuli has issued 10,000 hectares of land to one of Tanzania’s business and industrial moguls, Mr Said Salim Bakhresa, to establish a sugar plant, at the same time warning land hoarders and speculators that they risk having their title deeds revoked.
NIGERIA - Glaxosmithkline Consumer Nigeria Plc has completed the divestment of its drinks bottling and distribution business to Suntory Beverage & Food Nigeria Limited (SBFN).
NIGERIA - Northern Nigeria Flour Mills (NNFM) has commenced the installation of a sorghum milling facility worth $15 million to produce flour from locally grown sorghum for inclusion into wheat flour products.
UK - Anheuser-Busch InBev clinched its $103bn (R1.4trn) takeover of SABMiller after the British brewer’s investors approved the deal, sealing the union of the world’s two biggest beermakers about a year after the transaction was first proposed.
SOUTH AFRICA - The agriculture department’s crop estimates committee has made a slight upward adjustment to SA’s maize and wheat harvest forecast for 2016.
SOUTH AFRICA - SA Deputy President Cyril Ramaphosa was poised to sell fast-food company McDonald’s SA to MSA Holdings, a McDonald’s subsidiary operating in the Middle East, should the transaction be completed successfully, McDonald’s SA CE Greg Solomon said yesterday.
RWANDA - More business operators have called for value added tax (VAT) waiver, saying the levy is hurting their operations. Agro-processors, and bread makers say the waiver will help make them more competitive.
ETHIOPIA - The Ethiopian Commodity Exchange (ECX) is set to launch the first electronic commodity trading centre outside its headquarters in Addis Abeba.
SOUTH AFRICA - Country Bird Holdings (CBH) does not believe that a merger with Sovereign Foods creates any competition concerns, as the combined entity would control only about 11% of the local poultry market.
TANZANIA - President John Magufuli today inaugurated Bakhresa Food Products Ltd (BFPL) fruits and vegetables processing plant in Mwandege, Mkuranga, Coast Region.
NIGERIA - To increase its local content and support the Federal Government’s initiative to grow the agricultural sector, FrieslandCampina WAMCO is exploring measures to expand its Dairy Development Programme (DDP) through knowledge-sharing between the University of Ibadan and Wageningen University, Netherlands.
KENYA - East African Breweries Limited (EABL) will have to apply to the Treasury for excise tax remission on its Senator beer following removal of the rebate through amendments in the Finance Act 2016.
BOTSWANA - Choppies Enterprises — the leading supermarket grocery retailer in Botswana — continued with its expansion strategy into the rest of Africa in the year to end-June, but the moves into new territories came with a more than 50% cost to the company’s earnings.
SOUTH AFRICA - The Department of Agriculture missed a court deadline to determine if poultry producers can sell down current stocks of brined chicken before regulations that cap the amount of the liquid in birds start next month.
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