Kenya Breweries Limited launches new ale for the premium beer market

KENYA - Kenya Breweries Limited (KBL), a subsidiary of the global brewer, Diageo has launched ‘Tusker Premium Ale’, a premium offering that expands its premium beer portfolio. The new premium ale, which the brewer says is made from aromatic hops and crystal malt, targets the middle-class in a bid to counter consumers’ increasing shift to…

Rwandan government to bailout Kinazi Cassava Plant to boost operations

RWANDA - Kinazi Cassava Plant Limited, a cassava flour and starch processing plant in Rwanda is set to receive a bailout from government as an intervention that seeks to turn around its unprofitable business operations. According to a report by The New Times, the intervention was informed by government’s assessment of the plant’s operations which…

Kenya’s Mumias Sugar Company plunges into US$150.68m losses

KENYA – Mumias Sugar Company Limited, a once leading sugar manufacturing company in Kenya, reported a net loss of US$150.68 million (KSh15.1 billion) during its 2018 financial year against the previous year’s loss of US$67.86 million (Sh6.8 billion). Mumias said that the steep rise in the loss was driven by a 101% increase in impairment…

Nigeria UAC Appoints Ibiyinka Oriola as new group finance director

NIGERIA – The United Africa Company of Nigeria PLC (UAC), the parent company of UAC Foods Limited has appointed Mr. Ibikunle Ibiyinka Oriola as the Group’s Finance Director. Mr. Oriola is a seasoned professional with 17 years’ experience gained from diverse functional roles spanning finance, strategy, risk management and corporate finance. He has provided strategic…

Tanzania launches US$34.11m project to combat aflatoxin and address food safety

TANZANIA – Tanzania has launched a new project through an investment worth US$34.11 million (TShs80 billion) that seeks to control Aflatoxin, reports Daily News. Speaking during the launch of the project dubbed as ‘Tanzania Initiative for Preventing Aflatoxin Contamination’ (TANIPAC), Agriculture Minister, Mr Japhet Hasunga, noted that the five-year project would also address food safety…

Ghana, Cote D’Ivoire cocoa regulators halt cocoa ISO certification

GHANA – Cocoa regulators in Ghana and Cote D’Ivoire, the Ghana Cocoa Board (COCOBOD) and the Le Counsel du Café Cacao respectively, have objected to the subscription to International Standard Organization (ISO) 34101 certification. According to a report by the GhanaWeb, the cocoa regulators argued that the ISO 34101 Standards on Sustainable and Traceable Cocoa…

PureCycle partners Nestle and Milliken to accelerate plastics recycling

USA - PureCycle Technologies, US based recycling firm has partnered Milliken & Company and food and drinks giant, Nestle to accelerate its plastic recycling operations. PureCycle said the collaboration advances its plans to open its first plant which will restore used polypropylene (PP) plastic to ‘virgin-like’ quality with ‘a revolutionary recycling method’. The company utilizes…

Tyson Foods in partnership to trace beef using DNA technology

USA – World’s leading meat and poultry processor, Tyson Foods has partnered with DNA diagnostics company, IdentiGEN to use DNA technology to trace beef back to the individual animal of origin. Tyson’s beef and pork subsidiary, Tyson Fresh Meats will utilize IdentiGEN’s signature DNA TraceBack® system to trace the cattle raised for Tyson’s Open Prairie®…

US feed grain exports rise 25% to 38.9MMT helped by increased corn purchases

USA – US exports of feed grains increased by 25.2% to 38.9 million metric tons in the first four months of 2018/19, boosted by exports of corn, dried distillers’ grains with solubles (DDGS) and ethanol. According to U.S. Department of Agriculture (USDA)’s report and analysis by the U.S. Grains Council (USGC), the US feed grains…

Nestle invests US$11.9m in a new liquid milk line in Argentinian factory

ARGENTINA – Nestle Argentina has inaugurated a new liquid milk production line at its factory located in Villa Nueva, Córdoba province after making investment worth US$11.96 million (CHF 12 million). The new line will enable Nestle start production of liquid milk in added value segments in the Argentinian market. The investment includes a new sterilization…