Dairy should learn from dairy-alternatives as consumers go dairy-free, Rabobank says

May 29, 2018May 30, 2018 Food Business Africa

NETHERLANDS – Rabobank, a global leader in food and agriculture financing bank, has reported that dairy markets should learn new alternatives to dairy products as consumers are increasingly going dairy-free, particularly when it comes to […]

Tate & Lyle enters agreement to acquire 15% equity in Sweet Green Fields

May 29, 2018 Food Business Africa

UK – Tate & Lyle PLC (Tate & Lyle), a leading global provider of food ingredients and solutions, has entered into an agreement to acquire a 15% equity holding in Sweet Green Fields, one of […]

Nestlé announces re-organization of its global information technology activities

May 29, 2018 Food Business Africa

SWITZERLAND – Nestlé has announced plans to re-organize parts of its IT activities to benefit from its existing technology hub in Spain and other Nestlé locations, after a thorough review of its global information technology (IT) setup. […]

Arla Foods announces changes to its corporate group in the UK

May 29, 2018 Food Business Africa

UK – Arla Foods has announced changes to a number of its corporate Group functions and to its cheese production and logistics in the UK as part of the on-going internal transformation programme Calcium. Arla […]

Nestlé announces plans to merge two scientific discovery units into one in Switzerland

May 29, 2018May 30, 2018 Food Business Africa

SWITZERLAND – Nestlé, the global food and beverages company, has announced plans to bring together its two scientific discovery units, the Nestle Institute of Health Sciences and Nestle Research Center to build one organization, Nestle […]

GPI reduces part of 18.5% stake in Spur to focus on Burger King franchise

May 29, 2018May 29, 2018 Food Business Africa

SOUTH AFRICA – The food and gaming firm, Grand Parade Investments (GPI) is reducing part of 18.5% stake it holds in the steakhouse restaurant chain Spur Corporation as it shifts focus to its global hamburger […]

Unilever Ghana reports 16% revenue growth on stable economy

May 29, 2018May 29, 2018 Food Business Africa

GHANA – Unilever Ghana has announced that its revenue for the year ended 31 December, 2017 grew 16% to US$122.69 million from US$105.83 million in 2016 driven by increased volumes of sales and a stable […]

Cashew leads Ghana’s agricultural export products with US$197m

May 29, 2018 Food Business Africa

GHANA – Ghana’s cashew earned US$197 million worth in export earnings, representing 53% of the total revenue of US$371 million in agricultural non-traditional exports in 2016. The cashew sector, with an estimated production area of […]

Brazil to rank as world’s largest soy producer in 2018 ahead of US

May 29, 2018 Food Business Africa

BRAZIL – Brazil is set to top the list of the world’s largest soybeans producer with production estimated at 117 million tonnes, beating the United States which has been on the top rank for a […]

Ferrero aims US$296.6m investment in India to improve distribution network

May 29, 2018 Food Business Africa

INDIA – Ferrero, the Italian manufacturer of branded chocolate and confectionery products has unveiled plans to invest US$74.15 million in the sugar confectionery business to bring its total investments to close to US$297m in India. […]