Registration starts for AFMASS Southern Africa 2018 edition in Zambia

ZAMBIA– The organisers of the Africa Food Manufacturing (AFMASS) Conference & Expo Southern Africa edition have announced that bookings for the southern Africa edition of the event set for in Lusaka, Zambia in October this year, is underway. The event, which will the first food industry conference and expo focused on the food, beverage and…

Nairobi Bottlers: Investing in new juice plant on the journey to a total beverage company

Nairobi Bottlers Ltd commissioned a new juice manufacturing plant in May 2017, as the company expands its products offering to meet new consumer requirements for healthier beverages. Food Business Africa had a discussion with Duncan Kimani, the Manufacturing Director for Coca-Cola Beverage Africa’s portfolio of companies in Kenya to discuss the importance of this new…

Beyond Meat to target sales in Europe, Asia and Africa this year

USA - The Los Angeles plant-based meat substitute producer, Beyond Meat is seeking to go beyond the US in a global expansion as it targets to enter over 50 new markets around the globe. According to an article by FoodBev, the brand will work with leading distribution and foodservice partners to roll out its Beyond…

Seaboard Corp.’s profit falls 36% on lower corn and soybean meal sales

USA - Seaboard Corp, the diverse multinational agribusiness and transportation conglomerate has posted operating income of US$11 million, a 36% decline for the Commodity Trading and Milling (CT&M) segment on lower corn and soybean meal sales prices and volumes. In the first quarter ended March 31, net sales increased by 8% to US$786 million reflected…

Entries open for food industry’s innovations and excellence awards process

KENYA – Individuals and companies in Kenya’s food industry have an opportunity to be feted at an elaborate dinner ceremony in front of their peers as the nomination window for the 2018 edition of the region’s only award process has been announced. Now in its second year, the Food Business Africa (FBA) Industry Excellence Awards…

African countries sign continental free-trade agreement

RWANDA - African leaders from 44 countries have signed to the continental free-trade agreement, meant to open-up the continent through regional integration and economic growth. The deal to create the African Continental Free Trade Area (AfCFTA) was signed at the 2018 African Union member states summit, attended by 44 out of 55 African countries. With…

SABMiller delivers ‘transformative year’ for AB InBev as revenues grow 5.1%

BELGIUM – AB InBev, the world’s biggest beer producer, has a lot to thank for its acquisition of its former rival SABMiller for a ‘transformative year’ for the company, after it delivered a solid 5.1% growth in revenues for the full year to end of 2017. The US$103 billion SABMiller deal, which closed in September…

Distell eyes Africa to double its revenue and profit

SOUTH AFRICA - Liquor giant Distell, controlled by investment group Remgro, is still pursuing an ambitious target of doubling revenue and profit in five years as it targets the African markets. At the release of interim results, Distell CEO Richard Rushton said much of the growth impetus at top and bottom line would come from…