Distell re-lists on JSE, seeks new opportunities in China and Africa

SOUTH AFRICA - Distell, the South African brewer has been re-listed on Johannesburg Stock Exchange and the company is eying growth opportunities in China and the rest of Africa. The planned restructuring of its corporate structure involved suspension of Capevin, which holds a 29% stake in Distell from JSE on May 30 to form a…

AFMASS Eastern Africa Edition records 44% growth, stakeholders impressed with outcome

KENYA- The 2018 of AFMASS Eastern Africa edition has been hailed as a milestone event by attendees, sponsors and exhibitors who participated at the event held in Nairobi, Kenya on the last week of April 2018. The event was held on April 25-27, 2018 at the Nairobi Convention & Conference Centre in Nairobi, Kenya. The event recorded a 44% increase…

Brazil coffee volumes fall as Africa’s production rise 3.2% to fill gap

UK - The world’s leading coffee producer Brazil’s total exports declined 10.5% to 2.52 million tonnes in March and this is offset by increasing coffee production in Africa and other countries, according to the International Coffee Organisation. Brazil is also said to be declining in coffee output in crop year 2017/18 estimated at 51 million…

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…