AB InBev’s Eagle Lager launches ‘Lima Nawa’ initiative to boost farmer productivity

NAMIBIA - Eagle Lager, a subsidiary of AB InBev has unveiled an initiative dubbed 'Lima Nawa' in the northern part of Namibia that aims at improving farmer productivity and provide a market for their yields. The world brewer is seeking to promote production and availability of the Eagle Lager in the local market while using…

World Food Programme FAO partners to boost food production in Nigeria

NIGERIA - The World Food Programme (WFP) in collaboration with UN’s Food and Agriculture Organization (FAO) has pledged to boost food production in North Eastern part of Nigeria by providing adequate seeds, fertilizers and other inputs, according to a Leadership article. FAO, through a 'twin track' approach, part of one of the Rome Principles for…

Coca-Cola launches lemon-flavoured Schweppes +C targeting adults in Kenya

KENYA - Coca-Cola has launched a lemon-flavored carbonated drink, Schweppes +C which is enriched with vitamin C as looks forward to a new niche of mature and ‘health-conscious’ consumers, according to Business Daily. Bottled by the Coca-Cola Beverages Africa (CCBA) Nairobi-Kenya plant, Schweppes +C is a great tasting, sparkling beverage with added vitamin C targeting…

Shoprite reports 3.3% rise in sales despite Angolan hyperinflation

SOUTH AFRICA - Shoprite, one of the largest food retailers in Africa has posted 3.3% increase in sales to US$10.89m for the year ended June despite increasing inflation and a 50% currency devaluation which hit hard its business operations in Angola. Business Day has reported that results of hyperinflation were translated to lower revenues in…

Kenya sighs relief as COMESA extends safeguards on sugar imports for 2yrs

KENYA - The regional trade bloc, Common Market for Eastern and Southern Africa (COMESA) has approved an extension safeguarding Kenyan sugar industry from cheap imports from the region for two more years. According to Business Daily, the July 14 nod, granted by the bloc’s Council of Ministers in a meeting in Lusaka, Zambia protects Kenya…

Seed Co Zimbabwe to raise US$19m to support regional expansion and listings

ZIMBABWE - Seed Co Limited, Zimbabwe based producer and marketer of certified crop seeds is seeking to raise upto US$19.2 million through a partial unbundling to support expansion as well as separate listings of its regional operations. The Herald has reported that Seed Co wants to unbundle 71% of Seed Co International represented by 242…

Nestlé Nigeria MD Mauricio Alarcon appointed second VP of NECA

NIGERIA - Nestle Nigeria Managing Director, Mauricio Alarcon has been appointed the second vice president of Nigeria Employers Consultative Association (NECA), Beverage Industry news has reported. Alarcon, charged with key roles in the governing council and management committee, was previously involved in the direction of the association for the past one year as a member…

FrieslandCampina to invest US$12.7m in Nigeria and use 100% locally sourced milk

NIGERIA - FrieslandCampina, the Netherlands based Dutch multinational has pledged to invest about US$12.78 million in a “ready-to-drink project, using 100% locally sourced milk.” According to the Beverage Industry news, the dairy cooperative will enhance continuous training for dairy farmers, and provision of fortified milk for school pupils. The commitments were made in a joint…

Kenya’s premium tea brand Kericho Gold secures US$4m IFC financing

KENYA - Kericho Gold, a premium tea brand owned by Gold Crown Beverages, a subsidiary of Global Tea & Commodities Ltd has received US$4 million funding in loan from IFC meant to fund its expansion strategy in Kenya and Malawi, reported the Exchange. A statement from IFC said that Global Tea & Commodities Ltd, a…

Nestle to reward US$1.08m to cocoa farmers under the Nestlé Cocoa Plan (NCP)

GHANA - Nestle Ghana Ltd will reward US$1.08 million to over 17,615 farmers under the Nestlé Cocoa Plan (NCP) as the company looks to doing business profitably while ensuring sustainable development in the community they operate. The increased premium payment is geared at motivating farmers for quality cocoa production, meet production standards, increase local sourcing…