UAE: Saudia Group enters market with new hypermarket
Saudia Group, a Qatar-based chain of supermarkets and hypermarkets chain is set to expand into the UAE with the opening of Kenz Hypermarket in Ajman. According to Arabian Business News, the hypermarket is one of three businesses under the Saudia Group umbrella investing 80 million AED ($21 million) in the opening, which is said to […]
Egypt: Kellogg acquires Mass Food Group
Breakfast food maker Kellogg has announced that it has acquired Mass Food Group, Egypt’s leading cereal company, for approximately $50 million. Founded in 1996, Mass Food Group has revenues of $18 million and makes local brands such as Temmy’s cereals and NutriFit cereal bars. Mass Food Group also exports foods to more than 30 markets, […]
Saudi Arabia: Halwani Brothers plans to acquire El Rashidi El Mizan
Saudi food manufacturer Halwani Brothers has announced plans to acquire El Rashidi El Mizan, a Qalaa Holdings subsidiary and market-leading confectioner in the halawa and tahina segments. The deal will reportedly be financed partly from the company’s own funds and partly through an Islamic financing facility. No further financial details about the offer have been […]
Nigeria: Kellogg to spend $450 million on expansion
In a bid to boost its presence in Africa, Kellogg has announced that it is set to spend $450 million to acquire a 50% stake in Multipro, a food sales and distribution firm based in Lagos, Nigeria. Multipro is owned by Tolaram, and Kellogg will also have an option to buy a stake in Tolaram’s […]
Nigeria: Arla to expand through joint venture
Arla has announced plans to expand in Africa through new joint ventures in Nigeria and Senegal. In Nigeria, it will be partnering with Tolaram to provide the distribution backbone that will help Arla grow and develop its business in West Africa, the company said, adding that the move was part of Arla’s strategy to develop […]
South Africa: KWV launches truffle-infused gin
South African firm KWV is said to have launched “its own” Cruxland premium London dry boutique gin, said to have been “hand crafted for a new world gin drinking experience”. According to FastMoving, the gin is made from 100% grape spirits and infused with nine exotic botanicals including rare “Kalahari N’abbas (truffles)”. Development of the […]
South Africa: Diageo to restructure its joint venture with Heineken and Namibia Breweries
Diageo has announced it will sell its 42.25% stake in DHN Drinks, a joint venture which owns the licenses for the combined beer, RTD and cider portfolio of Heineken, Diageo and Namibia Breweries Limited (NBL). With this transaction Heineken will increase its stake from 42.25% to 75% and NBL will increase its stake from 15.5% to […]
UAE: Nestle to open $120 million food processing plant
Nestle is said to be investing $120 million in a food processing plant in Dubai, UAE to manufacture products under the Nescafe and Maggi brands. Described as a 175,000 sq m manufacturing facility, the plant is set to create 400 jobs. According to Global AgInvesting, a groundbreaking ceremony has already taken place with production due […]
South Africa: Unilever opens 511 million rand factory expansion
Unilever South Africa has opened a 511 million ZAR ($41 million) expansion at its “state of the art” Indonsa factory in Durban, which is said to make it the group’s largest savoury factory by volume. FoodStuffSA reports the company as saying that investment at the plant, which was commissioned in December 2011, “increased the factory’s […]
South Africa: Starbucks to open first stores in 2016
Starbucks has announced it will partner with Taste Holdings for the opening of its first outlets in South Africa in 2016. According to a company statement, the license agreement sees Taste owning the exclusive rights to develop Starbucks retail outlets in South Africa and it will own and operate the stores directly. “We are proud […]