Spanish delivery firm Glovo launches food delivery service in Kenya

KENYA - Glovo, a Spanish delivery start-up firm, has launched its operations in Kenya through its delivery application software that allows consumers order food and groceries among other goods, reports Business Daily. In addition to food and groceries delivery and orders, Glovo said that customers through the Glovo application software can make orders of “virtually…

Diageo’s half year sales rise 5.8% boosted by gin and tequila brands

UK – The British multinational spirits and wine producer, Diageo Plc has reported 5.8% increase in half year net sales to US$9.06 billion (£6.9 billion) helped by remarkable performance in gin and tequila brands. Operating profit grew 11% to US$3.15 billion (£2.4 billion) with all regions contributing to broad based organic net sales growth in…

Knappen Milling names new President and Chief Executive Officer

USA – The family-owned wheat handling company, Knappen Milling Company has named Emily K. Likens new president and chief executive officer. According to World Grain, Likens succeeds her father Charles B. (Chip) Knappen III, who is retiring following 46 years with the business. She was appointed to company board of directors in 2014, where she…

ADM, Ingredion, Cargill, Tate & Lyle joins Plant Based Products Council

USA - Archer Daniels Midland Co., Cargill, Tate & Lyle and Ingredion are the founding members of the Plant Based Products Council (PBPC) that aims to promote sustainable consumer products and packaging. Launched on Jan 29 at the California Bioresources Economy Summit in Berkeley, the council aims to enhance use of plant-based materials in the…

Mondelez’s full year net revenue rises 0.2% with growth in emerging markets

USA – Mondelez International’s full year net revenue increased 0.2% to US$3.31 billion helped by emerging markets which grew at 6.5% in the fourth quarter and around 6% for the full year.   Results reflected the impacts of unfavorable currency and divestment including its Kraft-branded cheese business in Middle East and Africa (MEA), which the…

The Coca Cola Company acquires full ownership of Nigeria’s Chi Limited

NIGERIA – Multinational soft beverage manufacturer, the Coca-Cola Company said it has acquired full ownership of Nigeria’s leading juice producer, Chi Limited. Coca-Cola first acquired a minority investment in Chi Limited in 2016 holding a 40% stake in the company from Tropical General Investments Group, the holding company for Chi Limited. Peter Njonjo, president of…

Cargill invests digital engineering in blockchain to support food and agric supply chain

USA – The global agribusiness giant, Cargill has said that it is investing its own digital engineering technology to accelerate development of blockchain that will address global challenges in food and agricultural supply chains. The company is adopting the Hyperledger Grid, a project for building supply chain solutions seeking to address the factors standing in…

Bunge, Tyson, Kellogg backs MycoTechnology in US$30m financing

USA – The American organic food technology company, MycoTechnology has secured US$30 million in Series C round of financing with backing from global food companies. The funding was co-led by S2G Ventures Fund II, L.P., Middleland MT Holdings, LLC, ADM Capital's Cibus Fund, and TML-Invest S.à r.l. Other participants included Tysons Ventures, Bunge Ventures Limited,…

South Africa’s Grand Parade appoints Mohsin Tajbhai as acting CEO

SOUTH AFRICA – Grand Parade Investments (GPI) said it has appointed Mohsin Tajbhai, as acting Chief Executive Officer in its strategy to shore up confidence in the listed empowerment company, reports Business report. The new appointment seeks to streamline GPI’s business which has been struggling to restructure its governance. Mohsin Tajbhai, who is also the…

Rwanda makes strides to banning single use plastics

RWANDA – Rwanda’s cabinet has approved a draft law that seeks to impose a ban on the use of single use of plastics, a move that retaliates the country’s commitment in environmental protection, reports New Times. The draft law, which relates to prohibition of manufacturing, use, and sale of single use plastic items, now awaits…