Afgri’s food unit takes aim at Africa’s food industry

SOUTH AFRICA - Philafrica Food, a recently launched subsidiary of agricultural investment holding company Afgri Group, says it plans to transform food processing in sub-Saharan Africa through investments of between R50m and R100m over the next 18 to 24 months. CEO Roland Decorvet said on Tuesday Philafrica aimed to become a big food operator in…

Coca-Cola unveils $20m safe birth initiative for West Africa

WEST AFRICA - The Coca-Cola Company is set to launch a new program tagged, ‘The Safe Birth Initiative’ aimed at supporting the ministries of Health in Nigeria and Ivory Coast to tackle the high incidence of maternal and newborn mortalities. This was disclosed by the Coca-Cola Europe, Middle East & Africa (EMEA) Group President, Brian…

Coca-Cola completes buy of AB InBev stake in Coca-Cola Beverages Africa

AFRICA – Coca-Cola Company and Anheuser-Busch InBev (AB InBev) have announced that they have completed the transition of AB InBev’s majority interest in Coca-Cola Beverages Africa (CCBA). The transition, which was first announced in December 2016, makes The Coca-Cola Company the controlling shareowner of CCBA, which is the biggest bottler in Africa. The deal involves…

Shimadzu donates equipment to step up IAEA food safety work

JAPAN – The International Atomic Energy Agency (IAEA) has increased its capability towards carrying out tests for contaminants to help countries after receiving sophisticated detection equipment that was donated by Japanese manufacturer Shimadzu Corporation. The IAEA, the world's foremost intergovernmental forum for scientific and technical co-operation, plans to use the new machine to train scientists…

Coca-Cola Nigeria to spend US$600m on new products by 2020

NIGERIA - Coca-Cola Nigeria Limited said it plans to invest $600 million by 2020 to boost sales, as part of the parent company’s global strategy to offer more consumer likeable products that goes beyond its carbonated soft drinks. The Nigerian subsidiary of the Atlanta-based soft drinks maker said it wants to expand its product offerings…

Nigeria becomes World’s second leading sorghum producer

NIGERIA - Nigeria’s agricultural production of sorghum has leaped to the second place, now trailing only the United States in annual production. Data obtained from the United States Department of Agriculture (USDA) forecasts world sorghum production at 59.34 million metric tonnes for 2017/2018. Of this number, USA’s output is projected to reach 8.4m metric tonnes…

AfDB, UN join hands to improve Africa’s industrial transformation

AFRICA - The African Development Bank (AfDB) has joined partners with the African Union Commission, African governments, United Nations agencies and development finance institutions in a bid to renew support for the industrialization of African countries. The agencies have also agreed to undertake and implement joint programmes for increased development impact, especially in mobilization of…

AfDB debuts platform to build Africa’s food and cuisine value chain

IVORY COAST - The African Development Bank (AfDB) has partnered with a number of organisations with a goal to boost the contribution of the food and culinary sector in Africa, thereby creating jobs and improving the economies across the Continent The Bank, through an online initiative, is advocating closer linkages between development partners and policy-makers…