Competition Authority nullifies Coca-Cola-Ambo Water merger

ETHIOPIA - The Tribunal of Trade Competition & Consumer Protection Authority (TCCPA) declared that East African Bottling, Coca-Cola’s bottler, and Ambo Mineral Water made an illicit merger, fining them five percent of their turnovers from last year. The case began in June 2017, when the Authority’s prosecutors filed a claim stating the two companies had…

Tanzania Breweries touts effective water management

TANZANIA – Private sector has a key role in ensuring that it utilises and manages water efficiently to ensure that the resource is available to all, the AB-INBEV President for East Africa Roberto Jarrin has said. Jarrin who is also the Tanzania Breweries Limited (TBL) Group Managing Director was speaking at the 10th Economic Update…

Water association reports 40% reduction in glass and plastic packaging

USA - The amount of material used to make PET, HDPE and glass water bottles fell by more than 40% between 2007 and 2015, according to a report into the environmental footprint of North America’s bottled water industry. Commissioned by the International Bottled Water Association (IBWA), the report found that total bottle material per gallon…

Cold-pressed juice maker receives US$6 million PE funding

INDIA - Rakyan Beverages Pvt. Ltd, the maker of organic cold-pressed juices and other beverages sold under the brand RAW Pressery, has raised around $6 million (Rs40 crore) to fund expansion. The capital was raised entirely from its existing venture capital investors Sequoia Capital, Saama Capital and DSG Consumer Partners. RAW Pressery had last raised…

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…

Novozymes invites collaboration on global challenges

DENMARK - Novozymes, the world leader in biological solutions, has launched HelloScience, an online network where innovators, start-ups, companies and others can collectively work to develop solutions for some of the world’s greatest challenges. HelloScience aims to foster collaborations across borders, expertise and technologies on serious global challenges, as complex problems require advanced solutions and…

Danone opens carbon-neutral water plant at French unit

FRANCE – Danone, the world’s third-largest water bottled company, has unveiled its plan for modernization and investment in its Evian-Les-Bains plant by 2020 with an investment plan worth US$280million dollars. The new bottling site, Evian, will meet the high global standards; will be more sustainable and efficient as a new illustration of the brand’s commitment…