JOHANNESBURG (Reuters) – South Africa’s biggest food producer Tiger Brands said on Wednesday it took a 557 million rand ($30.86 million)impairment charge on its export businesses as trading conditions remained difficult amid the coronavirus pandemic. The impairment led the owner of Jungle Oats and Tastic rice to revise its earnings

The Port of Mombasa is facing a double crisis of Covid-19 pandemic effects and disruption caused by lack of cargo tracking seals. The problem of the seals emerged after the Kenya Revenue Authority (KRA) discontinued signing of Electronic Cargo Tracking System (ECTS) certificates for eight companies, which arm cargo with

Naspers plans to invest a further R300m in local businesses in 2020 through its start-up arm, Naspers Foundry. Naspers Foundry, which was created in October 2018, is sitting on almost R1.3bn after spending R130m buying SweepSouth, an Uber-style online platform providing on-demand and regular home-cleaning services in 2019, and agritech

In a world of cultural differences, is there one thing that can bind everyone together? Well, we all need to eat. Drink too, in fact. Interestingly enough, the drink most often chosen around the world after water, is tea. It is loved by millions from India to England, Afghanistan to

Rwandan brewers are feeling the effects of the Covid-19 pandemic as sales continue to drop since the country went into lockdown in March. As a result of the shutdown shocks, Bralirwa Plc, the only brewery listed on the Rwandan stock exchange, has proposed to its shareholders to suspend dividend payouts

Rwandan chili is set to be auctioned online in China after local coffee performed well in campaigns targeting consumers on China’s e-commerce platforms. Chili is among the Rwandan products being exported to China under the electronic World Trade Platform (eWTP). Rwanda and the Chinese e-commerce giant Alibaba in 2018 signed

ZIMBABWE – The Zimbabwe Agricultural Growth Programme (ZAGP), a partnership between government of Zimbabwe, the European Development Fund and the European Union, has bought 245 pig breeding stock from South Africa to help boost production. In its latest newsletter, ZAGP said the breeding stock imported through the Value Chain Alliance for