Cargill’s European poultry business expands into Poland with acquisition of Konspol

EUROPE – Cargill, an American privately held global corporation, has reached an agreement to acquire Konspol, one of Poland’s leading value-added food companies, providing an array of products in the chilled convenience, frozen and cold cut categories. According to the company, the acquisition marks the introduction of Cargill’s global protein business into the Polish market…

Cargill India ventures into rice bran oil segment through its Gemini brand

ASIA - Cargill India’s Gemini brand has ventured into the rice bran oil segment with a goal to gain 10% of the market share in the segment in Maharashtra within one year. The company said Gemini rice bran oil has 40% more oryzanol as compared to any regular edible oil, which reduces bad cholesterol in…

Domino’s local operator Eat ‘N’Go celebrates 6yrs in Nigeria aided by staff diligence

NIGERIA - Eat ‘N’ Go, the restaurant group behind Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt has celebrated their 6th year anniversary, tagging their success to its staff’s diligence, reports the Guardian. The food and beverage brand boasts of a strategy for staff retention through competent salaries to employees. The company has…

WFP partners Agrihouse for a Pre-harvest exhibition and conference to support farmers

GHANA - The World Food Programme (WFP) and the non-governmental agricultural capacity building organisation, Agrihouse Foundation have signed a partnership to organise the 8th edition of the Pre-harvest exhibition and conference geared at supporting farmers and agro-processors. The agreement worth US$75,000 will provide technical and financial assistance to support the programme set for October 3…

COCOBOD and Solidaridad West Africa signs MoU to boost cocoa industry

GHANA - The Ghana Cocoa Board (COCOBOD) has signed a Memorandum of Understanding with the not-for-profit organization, Solidaridad West Africa to implement initiatives geared at boosting the cocoa industry. According to GNA, the two will offer technical support for the sector to enhance diversification, alongside cocoa intensification towards boosting the incomes of producers. A statement…

Nestle launches accelerator programme to boost social entrepreneurship in Africa

AFRICA - The global food and drink company, Nestle and the Swiss Agency for Development and Cooperation, Ashoka have kicked-off a social investment accelerator program with an aim to enhance social entrepreneurship as well as economic development in Africa. Under the programme, twelve social entrepreneurs from Benin, Ghana, Egypt, Kenya, Uganda and South Africa will be…

Ant Financial secures right to become the largest shareholder in Zomato

ASIA - Zomato’s newest investor and an affiliate company of the Chinese Alibaba Group, Ant Financial has received the right to become the biggest shareholder in the restaurant search and discovery service, reports ET Retail. The agreement gives Ant Financial greater say in company operations compared to other stakeholders even as the Chinese firm seeks…

Grofers partners with local businesses for last mile delivery

ASIA - The Indian online grocery delivery service, Grofers is partnering with local entrepreneurs to help with last mile delivery with an aim to roll out over 2,000 local businesses and store owners under the programme by the end of the year. According to ET Retail, this will be followed by expansion of the services…

Fonterra records a net loss after tax of US$196m in 2018 annual results

NEW ZEALAND – Fonterra, a New Zealand multinational dairy co-operative, has announced a Net Loss After Tax of US$196 million in its FY18 annual results, with a plan to improve its business performance and the outlook for FY19. According to the company, the normalised EBIT was US$902 million, down 22%, the Co-operative’s gearing ratio was…

Nigeria-based agric centre IITA receives the Africa Food Prize 2018 award

AFRICA - International Institute of Tropical Agriculture (IITA), Nigeria based international centre has received the Africa Food Prize award from the African Green Revolution in Agriculture (AGRA) at the Africa Green Revolution Forum (AGRF) Gala Dinner held in Kigali, Rwanda. The award celebrates individuals and institutions with Africa’s agricultural agenda alongside efforts to change the…