COMESA partners tech firm to launch regional seed label verification system

COMESA - The Common Market for Eastern and Southern Africa (COMESA) has partnered mPedigree's GoldKeys technology to launch an online seed label verification system in the region. COMESA, which covers 19 countries across South, East and Central Africa, will utilise the pan-African tech start-up system to remove phony seed concerns and improve business in quality…

Nigeria’s International Breweries appoints Olutoyin Modupe to its Board

NIGERIA - International Breweries Plc, the Nigerian subsidiary of Anheuser-Busch InBev (AB InBev) has announced the appointment of Olutoyin Modupe Odulate as an Independent Non-Executive Director of the company. The Nigerian Stock Exchange (NSE) listed firm manufactures and distributes alcoholic and soft beverages in Nigeria under the  Brands; Trophy Lager, Trophy Black, Castle Milk Stout,…

Cold Storage Company enters into a US$130m joint venture with UK’s Boulstead Beef

ZIMBABWE – Zimbabwe’s cabinet has approved a joint venture between the Cold Storage Company (CSC) and a United Kingdom firm, Boulstead Beef (Pvt) Limited, which will see the investor inject US$130 million into the meat processing firm. Monica Mutsvangwa, Information, Publicity and Broadcasting Services Minister, revealed that the agreement will also enable the meat processor…

Cargill invests in Israeli startup Aleph Farms to underpin protein focus

ASIA – Cargill is investing in Israeli cultured meat company, Aleph Farms which has raised US$11.65 million in a series A round of funding. According to Cargill, the investment diversifies its protein interests to meet future consumer demand and complements its focus on animal protein. The round was led by VisVires New Protein and also…

RMB, Nedbank acquire majority stake in sugar company Tongaat Hulett

SOUTH AFRICA - Rand Merchant Bank (RMB) and Nedbank have acquired a major shareholding in South Africa sugar producing company, Tongaat Hulett after the firm was compelled to unwind its empowerment deal. Tongaat said in a statement that RMB and Nedbank exercised their rights in terms of the Broad- Based Black Economic Empowerment (BBBEE) funding…

Nestlé publishes data to drive transparency in food waste challenge

UK – Global food and drinks giant, Nestle has released data about its food waste to the public in a strategy to enhance transparency as it strives to reduce food loss and waste across the UK. The company has also published targets to reduce food loss in its operations as part of the UK Food…

Impossible Foods raises US$300m from investors including celebrities

USA – Impossible Foods has raised US4300 million in series E funding round from investors including celebrities Jay-Z, Katy Perry, Serena Williams, Jaden Smith, Trevor Noah and Zedd. The latest round of funding was led by the company's major, previous investors Temasek, a Singaporean investment company, and Horizon Ventures, a venture capital firm in Hong…

Muller launches low-sugar variants of Müllerlight and Müller Corner brands

UK – Muller has announced that it is launching new recipes for its Müllerlight and Müller Corner yoghurt brands, containing 9% less sugar, more protein with thicker and creamier texture. The new variants were developed following the discovery of a new yogurt culture last year, which combines two yogurt strains: Streptococcus thermophilus and Lactobacillus bulgaricus…

Delta Corporation increases shareholding in African Distillers to 50.1%

ZIMBABWE – Delta Corporation Limited, a leading beverages producer in Zimbabwe, has increased its shareholding in wine and spirits firm, Africa Distillers Limited (Afdis) to 50.1% as the majority shareholder. Before the additional share accumulation, Delta held 8.29% in direct shareholding in Afdis while Afdis Holdings private limited held the largest shareholding in Afdis at…

Unilever’s Graze introduces Wow Bakes range of oat-based snacks

UK - Graze, the UK-based snack brand owned by Unilever, is launching a new oat-based snack line that contains under 100 calories per serving. Called Wow Bakes, the range will be available in four flavours: chocolate sea salt, honeycomb crumble, sticky toffee and lemon drizzle. Graze said the wholegrain products have been created in response…