Africa

Coca-Cola Completes Acquisition Of Nigerian Beverage Company Chi

The Coca-Cola Company has announced that it has completed the acquisition of Chi Ltd. in Nigeria. The move indicates Coca-Cola’s optimism about th...

Pernod Ricard Announces Strategic Partnership With Jumia

Spirits group Pernod Ricard has announced that it has entered into a strategic partnership with the e-commerce platform Jumia to develop innovative distrib...

Dry Winds Threaten Ivory Coast Cocoa Bean Development

Dry winds and below-average rainfall in most of Ivory Coast's cocoa growing regions last week could jeopardize the development of the last stage of the Oct...

Carrefour To Sell Products Via African E-Commerce Platform Jumia

Carrefour Group has announced that its products will go on sale on African e-commerce platform Jumia Marketplace. The announcement folllows the signing...

Cashew Prices Jump Nearly 10% After Tanzania Price Hike

The global price of cashew nuts has jumped nearly 10% over the past week, after Tanzania's government started buying the entire country's stock at a higher...

Creditor Seeks To Wind Up Kenya's Uchumi Supermarkets Over Debt

A Kenyan company is seeking the dissolution of retailer Uchumi Supermarkets over a 44.8 million shilling debt, according to court documents seen by Reuters...

Extending Palm Oil Production In Africa Could Put Primates In Danger: Study

A European research team has found that an extension of the palm oil industry in Africa could have dramatic outcomes for wildlife, especially African prima...

AB InBev To Build New Brewery In Mozambique

Anheuser-Busch InBev, the world's biggest brewer, will start building a more-than two-million-hectolitre-a-year brewery in Mozambique in the second half of...