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Posts Tagged ‘Africa’
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July 23, 2019

PepsiCo eyes growth in Africa with $1.7bn Pioneer Foods acquisition

Multinational snack foods and beverage giant PepsiCo has entered into an agreement to acquire South Africa’s Pioneer Foods Group for approximately $1.7 billion (R23.5 billion). The New York-based food giant – owner of brands like Pepsi, Lay’s and Doritos – will acquire all outstanding shares of Pioneer Food Group for R110 per share. The transaction is one of PepsiCo’s largest acquisitions outside of the United States.

“Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo’s current lineup, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled [...]

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July 22, 2019

Locations Africa Expo Sends Message in Durban: ‘Africa is Ready’

DURBAN–The first edition of the Locations Africa Expo and Conference was held this week during the Durban FilmMart, with an eye toward identifying and growing the opportunities to lure incoming productions to the continent.

“Locations Africa is trying to service a need on the continent to discuss the physical production…on the ground, highlighting film commissions, the services sector, the crew, the facilities, the organizations, the understanding of the incentives and legislative environment,” said Locations Africa’s Azania Muendane (pictured).

The three-day event brought together representatives of African film commissions, production services companies, location [...]

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July 19, 2019

A Zimbabwean nurse travelled from Cape Town to Cairo by road enduring visa delays, internet blackouts and revolutionary protests all for the love of football.

Alvin “Aluvah” Zhakata had intended to make it to Egypt for the opening match of the Africa Cup of Nations on 21 June, when Zimbabwe’s Warriors took on the hosts.

But he missed the match because his epic journey took much longer than expected.

Yet thanks to those following his adventures on Twitter, he has now become a celebrity – and the African football boss has presented him with a ticket to this Friday’s final between Algeria and Senegal.

‘Africa is not friendly [...]
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July 16, 2019

Investor confidence in Africa is returning

FDI inflows have risen due to advances in regional integration, the digital economy, infrastructure development and agribusiness

Africa appears to have made its way back onto a growth trajectory with foreign direct investment (FDI) inflows to the continent expected to increase by 15% in 2019, after a rise of 11% to $46bn in 2018.

As encouraging as the signs are, inflows are still below the annual average of the past 10 years of about $50m, but confidence is returning and that level could be regained by year end.

This is partly thanks to advances in regional integration and progress towards the implementation of the African Continental Free Trade Agreement [...]

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