Cadbury Nigeria sustains growth momentum, names Ogaga Ologe as Finance Director

NIGERIA - Cadbury Nigeria Plc, the Mondelez International’s snack and confectionery arm in Nigeria, reported growth in net earnings by 174% to US$2.27 million during its 2018 financial year. The confectionery and food drinks manufacturer has continued to post remarkable performance on the back of rising sales which grew 9% to US$99.22 million up from…

Nigeria’s Golden Sugar Company reaffirms commitment to develop value chain

NIGERIA - The Golden Sugar Company, a subsidiary of Flour Mills of Nigeria (FMN), has reaffirmed its commitment to the development of sugar value chain in Nigeria. The sugar company said that it will continue to advocate for the sugar value chain in the country in line with the federal government’s backward integration policy regarding…

Ministry partners Japanese agency in project to boost rice production

GHANA- The Ministry of Food and Agriculture (MoFA) in Ghana, has partnered the Japanese International Cooperation Agency (JICA), in a move to help rice farmers to scale up the production of quality local rice in the country. The partnership will be executed is under the “Sustainable Development of Rain-fed Lowland Rice Production phase II” project,…

South Africa’s retailer Shoprite opens second store in Kenya in expansion drive

KENYA – South African based retail giant, Shoprite Holdings, has opened a second store in Kenya as it continues to expand its footprint in the country. The new Shoprite store is located at the Garden City Mall in the country’s capital features an in-store fresh food departments including a Meat Market, Hot & Cold Foods…

Cadbury Nigeria appoints Oyeyimika Adeboye as new Managing Director

NIGERIA - Cadbury Nigeria Plc has appointed Mrs Oyeyimika Adeboye as the company’s new Managing Director effective 1st April 2019. Mrs Adeboye takes over from Mr Muhammad Amir Shamsi - who will take on a new role within Mondelez International, the parent company of Cadbury Nigeria, reports Beverage Industry News. Mr Amir Shamsi, a Pakistani…

Zimbabwe’s Dairibord doubles profits in 2018 FY as revenues shore up

ZIMBABWE - Dairibord Holdings Limited, a leading dairy company in Zimbabwe, posted profit after tax increase by more than two-fold to US$6.48 million in its 2018 financial year up from US$1.94 million posted in the previous year. The dairy firm’s revenues in the full year ended December 31, 2018, grew by 28% to US$126.44 million.…

Mondelez partners The Hatchery Chicago to lead innovation in snacking

USA – Mondelez International has partnered with the American food business incubator, The Hatchery Chicago to enhance innovations in snacking based on the changing consumer tastes and preferences. The partnership is part of the SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. Mondelez and the SnackFutures team…

Japan feed production highest in five years at 23.9 million tonnes

JAPAN – Japan feed production reached 23.9 million tonnes in 2017-18 driven by strong demand from the poultry sector, rising to its highest level since 2012-13, a World Grain report suggests. Citing reference to a March 15 report from the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS), World Grain indicates that while livestock levels…

Ecommerce firm Thirstie raises US$7m, partners with AB InBev-backed Drinkworks

USA – US based ecommerce company, Thirstie has raised US$7 million in Series A funding and has partnered AB InBev-backed Drinkworks to boost alcohol delivery and logistics. The company said the funds will be used in revamping its product portfolio, rolling out a new data sharing platform, and enhancements that will enable alcohol brands to…

DuPont’s clinical study shows more health benefits from higher doses of multi-strain probiotics

USA – DuPont, the world’s leading science-based products and services company has released clinical study results demonstrating benefits of high-potency, multi-strain probiotic formulations. The study suggests that higher doses of a DuPont Multispecies Probiotic Formulation may permit more benefits for healthy adults than lower doses. According to a clinical trial carried out in collaboration with…