Real Foods appoints two new board members ahead of future listing plans

SOUTH AFRICA - The multi-brand food group, Real Foods has appointed two former JSE-listed company CEOs as new directors ahead of planned future listings, reports Business Day. Former Famous Brands CEO Kevin Hedderwick will join the unlisted holding company as new Group Strategic Director while Antony Ball, former Brait CEO has joined its board. Real…

Delivery startup DailyNinja acquires WakeupBasket, eyes 20k daily orders in 6 months

INDIA - Daily milk and grocery delivery startup has acquired WakeupBasket in a cash and equity deal to help its expansion outside Bengaluru, targeting 20,000 daily orders in the next six months, reports Inc42. The Hyderabad based WakeupBasket was founded 2015 by Satendra Pratap along with Sai Varaprasad and it claims 2,500 daily orders in…

Ant Financial invests another US$210m in Indian food delivery firm Zomato

INDIA - Indian food delivery and restaurant service Zomato has raised US$210 million from Alibaba’s payment arm, Ant Financial as it strives for a bigger market share in the delivery space. According to the filings by Info Edge, Zomato’s parent company, the funding raises Zomato’s valuation from US$1.1 billion to around US$2 billion, giving Ant…

PepsiCo India to focus on marketing and invest in e-commerce for profitability

INDIA - Indian maker of Pepsi Cola and Lay’s salty snacks, PepsiCo will focus on boosting its market while investing in e-commerce for profitable years ahead, an ET Retail report reveals. According to PepsiCo India president Ahmed ElSheikh, the company is seeking ways to move ahead of existing growth numbers in order to maintain profitable…

Nigerian Breweries’ Corporate Affairs Director Kufre Ekanem resigns

NIGERIA - Corporate Affairs Director and member of the Executive Committee of Nigerian Breweries Plc, Kufre Ekanem has resigned from his duties effective 1st October, 2018. According to BeverageIndustryNews, Kufre is leaving to start a career at a culture, marketing and public relations consultancy firm, Philosoville Limited. A graduate of the University of Calabar, Calabar,…

Dangote Foundation devotes US$50m to tackle malnutrition in Africa

NIGERIA - The Aliko Dangote Foundation, founded by the wealthiest man in Africa, Alhaji Aliko Dangote has lined US$50 million to be invested in tackling the challenge of malnutrition in Nigeria and Africa, reports the Guardian. The initiative forms part of the foundation’s goal to not only feed but also nourish the world. It will…

Grain millers receive 30,000 tons of imported wheat to address shortage

ZIMBABWE - Grain Millers Association of Zimbabwe (GMAZ) has received 30,000 tonnes of wheat imported from Germany to address shortage that had seen millers temporarily cease operations, reports the Herald. The move follows foreign payments of wheat stocks by the Reserve Bank of Zimbabwe (RBZ) owed to Holbud’s Lithuanian, who had held the consignments due…

Farmers and millers mulling new policy regulations to revive sugar sector

KENYA - Farmers and millers mainly from the Lake Region Economic Bloc (LREB) have agreed on key proposals in the sugar regulations in a bid to adopt a new policy that would revive the long-ailing sugar sector. According to the Nation, the stakeholders led by LREB Chairman Wycliffe Oparanya and Kisumu’s Anyang’ Nyong’o agreed on…

Associated Foods of Zimbabwe implements ISO 22 000 targeting export market

ZIMBABWE - The spreads and nuts company, Associated Foods of Zimbabwe (AFZ) has implemented ISO 22 000 food safety management system to enhance conformity to international standards with an eye on the export market. The certification not only provides assurance of product quality but also gives its Farmgold and Mama’s brands a better competitive edge…

Zimbabwe’s grain deliveries top 1.1m tons as it moves to become food secure

ZIMBABWE - State owned commodity trading enterprise, Grain Marketing Board has received 1.1 million tonnes in maize deliveries from farmers for the 2018 marketing season as the country moves away from grain imports, reports the Herald. According to GMB, maize deliveries were expected to reach 1.2 million tonnes given farmers were still selling their commodities…