Cargill invests US$113m in Ivory Coast and Ghana cocoa processing expansions

WEST AFRICA – Global agribusiness company, Cargill will be investing over US$113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. The company is planning to invest US$100 million to […]

Hostess Brands to acquire Canadian cookie company Voortman for US$320m

USA – Hostess Brands has entered into an agreement to acquire Voortman, a Canadian maker of cookies and wafers, from Swander Pace Capital for approximately US$320 million (C$425 million). Hostess believes that the acquisition of […]

Consultants suggest complete reconfiguration of Ethiopian sugar industry

ETHIOPIA – Consultants hired to shape the future sugar sector in Ethiopia have urged the government to remove the existing 33 percent excise tax levied on local producers, reports The Reporter. In a public consultation […]

Coca-Cola, Dangote eyeing stake in Ethiopian Sugar industry

ETHIOPIA – In the wake of privatizing Ethiopia’s state-owned sugar plants and properties, heavyweight industry players are joining the race with Coca-Cola Company under its subsidiary in Ethiopia and Nigeria-based Dangote Group expressing their interest. […]

Nestlé Japan debuts KitKat Chocolatory made entirely from the cocoa fruit

JAPAN – Nestlé Japan has launched the KitKat Chocolatory Cacao Fruit Chocolate , the first product to use a unique chocolate made entirely from the cocoa fruit. According to the confectioner, the iconic crispy KitKat […]

Mars partners with USAID to improve resilience in agricultural supply chains

USA – American confectionery giant, Mars Incorporated has formalized its partnership with the United States Agency for International Development (USAID), in joint efforts to improve economic opportunity and resilience in agricultural supply chains. The partnership […]

Canopy Growth launches range of cannabis infused products in Canada

CANADA – After months of preparation and expansion, Canopy Growth Corporation is now gearing up to supply the Canadian market with a variety of innovative cannabis products. Canopy Growth,  a leading diversified cannabis company has […]

PepsiCo Australia switches to canola oil to reduce saturated fats content in Snacks

AUSTRALIA – PepsiCo has announced that it has changed the cooking oil for majority of its snack brands in Australian to canola oil, in a move aimed at reducing the saturated fat content in Doritos, […]

Barry Callebaut gets FDA’s approval to market ruby as chocolate in the US

USA – Barry Callebaut has been granted a Temporary Marketing Permit (TMP) by the US Food and Drug Administration (FDA), clearing the way to market Ruby as chocolate in the United States. Ruby chocolate is made […]