Insect protein firm Ynsect receives US$22m European Commission backing

FRANCE – Ynsect, French agri-tech innovator specializing in insect protein has received US$22.6 million (€20 million) worth of funding backed by the European Commission and the Bio-Based Industries Joint Undertaking (BBI JU). The funding will […]

Muller targets 25% sugar reduction across its branded yogurt portfolio

UK – Muller UK & Ireland has announced that it targets 25% sugar reduction across its branded yogurt portfolio including Müller Corner and Müllerlight by June 2020. This is in line with Public Health England’s […]

Beyond Meat launches ‘meatier’ version of its plant-based burger

USA – Meat alternatives company, Beyond Meat has launched new plant-based product, Meatier Beyond Burger™ featuring a meatier taste and texture to simulate that of traditional ground beef. The new patty will be available at […]

CCBA to buy stakes in Kenya’s Coca-Cola franchise bottlers in a US$192.5m valuation

KENYA – Coca-Cola Beverages Africa (CCBA) is set to acquire unknown stakes in two Kenyan Coca-Cola franchise bottlers from public investment company, Centum Investments. Centum, which operates as an affiliate of the Kenyan government-owned Industrial […]

Layn Natural invests US$60m in new CBD manufacturing facility in US

USA – China based Guilin Layn Natural Ingredients Corp. has invested approximately US$60 million in a new CBD manufacturing facility in the US. The facility is expected to be completed in 2020 with a capacity […]

Finnish group Raisio to invest US$51m in new plant-based foods facility

EUROPE – Raisio Group has said that it is investing about US$51 million (EUR 45 million) in a new plant-based food production facility. This is in response to the growing demand for plant-based food products […]

Liberia partners with FAO to launch an integrated sustainable rice project

LIBERIA – The Liberian government in collaboration with the United Nations Food and Agriculture Organization (FAO) have launched an Integrated Sustainable Rice System Development Project aimed to boost production. The project was launched at the […]

Ghana, Cote d’Ivoire suspend cocoa beans sales, propose higher maiden floor price

GHANA – Ghana and Cote d’Ivoire have suspended the sale of cocoa beans to the open market under the 2020/2021 crop season until further notice. The suspension was announced in Accra, Ghana by the two […]

Ethiopia’s Lame Dairy unveils facility expansion plan to boost local supply

ETHIOPIA – Lame Dairy, subsidiary of Midroc Ethiopia Technology Group, plans to more than double its production capacity from 70,000lt of milk a day to 160,000lt and expand its facility. The processor of Shola Milk […]

NIRSAL secures US$12.48m funding to finance Nigeria’s agriculture sector

NIGERIA – The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) has secured a total of US$12.48 million (N4.5bn) from four deposit money banks to boost cereal production in the country. According to a […]