The Kenya Revenue Authority (KRA) has shut down Keroch Breweries again, on claims that the latter had defaulted in their earlier agreement on the settlement of tax arrears. The company …
Devolution Cabinet Secretary, Eugene Wamalwa has sanctioned the temporary closure of Nzoia Sugar Company for a two-month maintenance period that will see the high cost of production considerably reduced. Managing …
The Nigerian Exchange Ltd., (NGX) on Wednesday ended three consecutive sessions of gain with market capitalisation closing at N28.677 trillion from N28.719 trillion on Tuesday, representing a loss of N42 …
The company says it has produced 100 prototypes to get feedback from users in Nigeria. Innoson Vehicle Manufacturing Comapany (IVM) says it is diversifying into the production of tricycles, in …
A new entrant into the Nigerian growing wine market – Buonayanett, a premium brand, has promised to give Nigerians a memorable experience that is comparable to what is obtainable anywhere …
Due to a surge in the share price of his cement company, Africa’s richest man, Aliko Dangote, has grown his fortune by $1.3 billion in less than a month. Dangote …
Nairobi Business Ventures (NBV) plans to break ground on a cement manufacturing plant in Mavoko, Machakos County by end of the year after shareholders approved a proposal to buy Delta …
GUAN Chong Bhd, the world’s fourth-largest cocoa grinder, has attracted the interest of Singapore-listed food and agri-business player Olam International Ltd. According to sources, Olam is looking to acquire a …
In the wake of last week’s looting, violence and destruction of property in certain provinces, South Africa is once again faced with unprecedented challenges. This includes the wine industry. While …
The Supreme Court sided with food giants Nestle and Cargill last Thursday and threw out a lawsuit that claimed they knowingly bought cocoa beans from farms in Africa that used …