Frutarom has brokered its second deal of the year, announcing that it is to acquire a 70 percent share in Argentinian flavors and fragrances group Meroar for US$11.2 million. The agreement includes an option to buy the balance of Meroar’s shares after three years at a price based on the company’s business performance during this period.
Kenyan farmers in Laikipia County are switching from maize fields to tea tree plantations, a move that is providing a steady income and allowing them to make the most of the semi-arid conditions, according to a report published by the Thomson Reuters Foundation.
Kenyan women spend an average of SH50,000 per year on their hair, according to the AfroUrembo Beauty Trends Report 2018, as reported by Capital FM.
A supplier of shea butter for The Body Shop, Ayisha Fuseini of Asheba Enterprise has been named Female Entrepreneur of the Year at the Invest in Africa Awards.
Ghana’s Food and Drugs Authority has advised consumers to report counterfeit and expired products for investigation, according to a report published by the Ghana News Agency.
The Cosmetics Association of Ghana is asking the court to reverse a ban on cosmetics products containing hydroquinone, which was bought in by the country’s Food and Drugs Administration, according to a report published by the Daily Graphic.
Turkish business partners Civil Engineer Yusuf Murat Genç and Management Engineer Mustafa Sarıoğlu have announced the opening of its first snail breeding farm located in the Aegean resort district in Turkey, with the humane extraction of the slime – without killing the snail – being used in cosmetic production.
South Africa is set to become the next country to usher in a ban on animal testing for cosmetics, according to a report published by Business Tech.
The Nigerian Federal High Court has confirmed that the National Agency for Food and Drugs Administration and Control (NAFDAC) has the power to regulate all chemicals in Nigeria, according to a report published by All Africa.
Turkey has announced it is aiming to increase its share in the global halal market, and is looking to government policies and the private sector in which to do it.