Coca-Cola unveils plans for new health conscious beverage line in Kenya

KENYA – Soft drink manufacturer, Coca-Cola has unveiled plans to expand its product portfolio in Kenya with a key focus on an increasingly health-conscious consumer base even as it expects warmer weather to drive sales this year. Coca-Cola company regional general manager, Ahmed Rady, said that it was lining up a number of new drinks…

COMESA region’s cereal productivity affected by low seed quality

AFRICA – COMESA regions cereal productivity has remained low despite the high production potential that the region holds, greatly attributed to small- holder farmers’ limited access to improved seeds. New Times Rwanda reports that of the more than 80 million small holder farmers, only about 23% have access to improved seeds, a situation which has…

AB InBev to refinance US$100b debt through mega bond sale

SOUTH AFRICA – Multinational brewer, Anheuser-Busch InBev (AB InBev) plans to sell senior unsecured bonds in six parts presenting one of the biggest bond sales of the year as it seeks to refinance part of its US$100 billion debt load. According a report by Bloomberg, the sale comes in line with a tender offer of…

Givaudan opens new US$1.2m flavour commercial center in Morocco

MOROCCO – Givaudan, a leading flavour and fragrance company, has commissioned a new Flavours technical and commercial centre in Morocco, an investment valued at US$1.22 million. The investment is part of Givaudan’s growth plan in tandem with its high growth markets strategy and demonstrates its ongoing commitment to the Maghreb and West Africa regions. Louie…

Zimbabwe bans animal imports from South Africa over foot-n-mouth

ZIMBABWE – The Zimbabwean government imposed an immediate suspension of imports on all live cloven-hoofed animals and their products from South Africa following an outbreak of foot-and-mouth disease (FMD), reports the Herald. The government said the decision was arrived at following an outbreak of the disease, affecting the non-vaccination disease-free zone in the Limpopo Province.…

China’s COFCO shuts down edible oil refining plant in Argentina

USA – China’s grain and commodity merchandiser has closed down a soybean and sunflower refining plant in Argentina blamed on trade and economic crisis in the country. The plant located in Lanus, Buenos Aires is said to have been struggling in operations, partly impacted by the U.S.-China trade war that has led to market and trade…

Firmenich joins RE100, commits to 100% renewable electricity by 2020

SWITZERLAND – The Swiss flavors and fragrance company, Firmenich has joined the RE100, an initiative comprising global companies that endeavour to use 100% renewable energy for electricity. The group has announced that it has achieved using 100% renewable electricity at its manufacturing sites in the US and Europe, and has committed to meet its ambitious…

NSE downgrades Nigerian Breweries stock to medium-priced status

NIGERIA – The Nigerian Stock Exchange (NSE) reclassified Nigerian Breweries Plc stock from its previous high-priced stock to medium-priced stock following a fall of the brewer’s stock price below the required High-Priced Stock threshold. According to Beverage Industry News, NSE issued a circular that the downgrade was as a result of a review it conducted…

Mane Flavors forms joint venture with Indian tea firm, Akbar Brothers

INDIA – French flavors and fragrances group, Mane SA has announced a strategic partnership with Akbar Tea, one of the largest tea trading companies in India to provide high end tea and coffee extracts. Through a joint venture called ‘Ethical Extracts’, Mane will leverage its capabilities in providing food and drink industry with cutting edge…

BRF sells Argentine subsidiary Campo Austral for US$35m

USA – The Brazilian meat processing company, BRF SA has sold its wholly-owned Campo Austral business in Argentina for US$35 million, completing its asset sale in the country. The sale involves the facility in Florencio Varela, and all assets and liabilities related to it, including the Bocatti and Calchaquí brands, to Argentine firm BOGS. BRF…