Monthly Archives: March 2016

Arla Foods makes commitment to invest in Nigerian dairy production

March 03, 2016   Editor   1 Comment

Arla Foods, the Danish dairy company and maker of Dano milk has officially made a commitment to investing in local dairy production in Nigeria and to sharing knowledge about agricultural practices and other aspects of dairy production that will improve the local raw milk production and quality. The company wants to contribute to a sustainable dairy sector development and growth in Nigeria.

Read More

AB InBev to sell SABMiller’s Snow stake to China Resources

March 03, 2016   Editor   No comments

Anheuser-Busch InBev (AB InBev) has agreed to sell SABMiller’s 49% stake in China Resources (CR Snow) brand to SABMiller’s joint-venture partner, China Resources Beer (Holdings) Co Ltd.

Snow is the world’s No. 1 selling beer by volume. SABMiller held 49% stake in the joint-venture with China Resources Beer (Holdings) Co Ltd, which held the remaining 51%. With the sale, which is valued at $1.6bn, China Resources Beer (Holdings) Co Limited takes full ownership of the Snow beer brand.

Read More

South Africa’s Clover Industries to quit Nigeria

March 02, 2016   Editor   No comments

South Africa’s Clover Industries, makers of a wide range of food and beverage products has announced that it will no longer invest in Nigeria due to the financial crisis caused by the fallen oil price.

“The current financial crisis experienced in Nigeria which is fueled by the low oil price is a further cause of concern, thus the group has decided to withdraw from future investments in Nigeria,” the company said in a statement.

Read More
Newer posts »

  • Archives