Broadway Bakery – Expanding Capacity with Consumer Health in Mind

This article appeared in the Sept/Oct 2018 issue of Food Business Africa magazine Broadway Bakery Ltd., one of the oldest bakeries in Kenya, has recently commissioned a new fully automated Werner & Pfleiderer (W&P) bread plant at their factory in Thika, Kenya. The company has turned bread marketing on its head after introducing the highly…

Milk prices set to rise as regulator doubles processors levy

KENYA - Dairy sector regulator has proposed an increase in levies charged on dairy processors, setting the stage for an increase in milk prices. The proposal, made through Miscellaneous Amendments Bill (2017), proposes the scrapping of levies that processors and producers pay to the Kenya Diary Board in favour of a one per cent charge…

Cold-pressed juice maker receives US$6 million PE funding

INDIA - Rakyan Beverages Pvt. Ltd, the maker of organic cold-pressed juices and other beverages sold under the brand RAW Pressery, has raised around $6 million (Rs40 crore) to fund expansion. The capital was raised entirely from its existing venture capital investors Sequoia Capital, Saama Capital and DSG Consumer Partners. RAW Pressery had last raised…

Starbucks expects India to be among its top 5 markets globally

INDIA - Starbucks, the world’s largest coffee retailer said it expects India to be among the top five businesses without giving a timeline. This is despite the Indian unit posting its slowest sales growth last fiscal after it slowed down expansion. “We are excited on the opportunities that India plays for Starbucks going forward. Today,…

Cargill acquires US animal nutrition company Diamond V

USA – Leading food and agribusiness company Cargill has signed a binding agreement to acquire Diamond V, a provider of natural immune support products and technologies that improve animal health, animal performance and food safety. According to Cargill, the acquisition will accelerate the company’s push to meet consumers demand for more wholesome food production to…

Beverage producers decline invitation to public hearing on soft drinks

NIGERIA - The Director General, Nigeria Employers’ Consultative Association (NECA), Mr. Olusegun Oshinowo, has asked its members to decline an invitation by the Federal House of Representatives ad-hoc Committee investigating the production and distribution of soft drinks manufactured by the Nigerian Bottling Company Limited (NBC) and other drinks produced or marketed in Nigeria. “On the…