Zambeef’s joint executive Tim Pollock resigns

ZAMBIA - Zambeef, Zambia’s food producer and retailer has announced that Tim Pollock, Joint Chief Executive Officer of the Company resigned from the company effective 31st May 2018. The company said Mr. Pollock had left Zambeef for personal reasons and that he will be returning to the United Kingdom to focus on the development of…

Clover Industries partners with FUTURELIFE to launch new nutritional dairy drink

SOUTH AFRICA - Clover Industries Limited, the branded foods and beverages group has partnered with the South Africa’s functional food company FUTURELIFE to introduce Smart Drink, a nutritional dairy product to add to its portfolio of functional drinks. SMART DRINK is an enriched drink made of dairy and a combination of specialized starches (non-GMO), to…

Zambeef reports 6% growth in revenues driven by macro-store demand

ZAMBIA - Zambeef Products Ltd has reported 6% growth in revenue driven by increasing volumes and improving margins in the core divisions namely Retail & Cold Chain Food Products, and Stockfeed for the first half of the financial year ended 31 March 2018. Profit after tax increased more than three-fold to US$2.25 million as compared…

Kenyan macadamia farmers’ earnings increase by Ksh.7.04b on quality boost

KENYA - The new macadamia market in America last year lifted prices by 24% to earn farmers Sh7.04 billion, according to Business Daily. A report by the Agriculture and Food Authority (Afa) shows a total of 5,526 metric tonnes was exported, up from 5,423 metric tonnes of processed macadamia nuts worth Sh5.7 billion sold abroad…

Global probiotic market to grow US$64b in Latin America and Asia

USA - The global probiotics market is projected to grow to US$64 billion at a compound annual growth rate (CAGR) of 7% through 2022, according to Ingredients. While all regions are expected to experience growth, the fastest region is Latin America, with Brazil contributing to 52% of the area’s total probiotic market. With the rising…

Barilla invests US$1.2b in an expansion plan as demand for pasta rises

ITALY – Barilla, an Italian food company, has invested US$1.2 billion over five years to expand production and launch new products as the world’s biggest pasta maker responds to shifting demand. According to Reuters, Barilla’s pasta and sauces have grown faster than its bakery business in recent years, and now account for almost 60% of…

Multivac opens the first production facility in Eastern Europe

GERMANY - Multivac, one of the leading providers worldwide of packaging solutions has inaugurated a new production plant in Bulgaria, the first in the Eastern Europe. According to the company, the facility includes a state-of-the-art warehouse and logistics centre, a training centre and an administration building. In addition to the Bulgarian sales and service company…

UK-based snack brand introduces two new plant-based protein bars

UK - Real Handful, a UK-based snack company with an innovation in healthy snacking, has expanded its product range by introducing two new plant-based protein bars to the UK market. The new products are the first snack bars released by Real Handful, and follow on from the brand’s release of two new trail mix flavours…

Nestle Waters certifies its commitment its 100% water stewardship

SWITZERLAND – Nestle Waters, the bottled water division of the Nestlé Group, has certified its commitment to 100% water stewardship by 2025, in accordance with the world’s first global water stewardship standard. Nestle Waters said it would reinforce their commitment to safeguarding water resources for future generations through collaboration with the Alliance for Water Stewardship.…

Molson Coors expands its soft drink brand with acquisition of Clearly Kombucha

USA - US brewer Molson Coors has expanded its portfolio of soft drink brands with the acquisition of California-based Clearly Kombucha from Top Shelf Beverages for an undisclosed sum. Kombucha is one of the fastest-growing segments of the packaged soft drinks market, and Molson Coors stated that projections estimate that the category will grow more…