MAN appoints appoints Anegbe as new chairman of food and beverage sector

NIGERIA – Manufacturers Association of Nigeria (MAN) has appointed Chief Patrick Anegbe as its new chairman of its Food, Beverage and Tobacco (FBT) sectoral group. Anegbe will hold the new office alongside his position as […]

Nestlé teams up with University of Ghana on scientific research

GHANA – Nestlé Ghana and the University of Ghana have signed a two-year renewable agreement aimed at enhancing scientific research and student practical study in relation to the food and nutrition value chain. The partnership […]

Kenya sees new accreditation service bills signed into law

KENYA – Kenya’s President, Uhuru Kenyatta has signed the Accreditation Service Bill into law that seeks to promote accreditation services in the country. The new Accreditation Service Act establishes the Kenya National Accreditation Service (KENAS) […]

Ideagen launches new software for the food industry as it marks 25th anniversary

UK – Ideagen, a UK based governance, risk and compliance (GRC) software provider, has launched new and improved version of its Q-Pulse application as it commemorates the 25th anniversary of the software. Q-Pulse is used […]

Nestle Nigeria reports 22% growth in half-year profit to US$72.39m

NIGERIA – Nestle Nigeria Plc reported 22% growth in net profit for the first half of the year ending on 30 June, 2019 to US$72.39 million (N26.2bn) supported by 21% decrease in finance cost. Revenues […]

Chandaria Group invests in Kenya’s food startup Savannah Brands

KENYA – Chandaria Group’s investment arm, Chandaria Capital, has invested in Kenyan food and beverage start-up, Savannah brands, as the first investor in the company’s seed funding round. Chandaria Capital backing marks and important milestone […]

Ghanaian manufacturers push for establishment of a raw material council

GHANA – Manufacturers in Ghana are longing for the establishment of a Raw Material Council to, among other things, regulate and maintain standards of the raw materials fed to industries. According to the manufacturers, the […]

Danish researchers to use blockchain technology to fight food fraud

DENMARK – Researchers at the Technical University of Denmark (DTU) are developing blockchain solutions to help food manufacturers fight food fraud across the entire food value chain. The project is being developed by the university’s […]

New Israeli consortium to invest US$100m in foodtech startups

ISRAEL – Finistere Ventures, a global agri-food investment leader in collaboration with three Israeli companies have created one of the largest consortia looking to invest US$100 million in the country’s foodtech start-ups. The venture capital […]

Nestle Nigeria reports 5.2% growth in revenues in the first quarter

NIGERIA – Nestle Nigeria Plc has reported US$197.12 million (N71.0bn) in revenue for the first quarter of 2019, representing 5.2% growth compared to corresponding period in the previous year. The company’s gross profit for the […]