Pizza Hut opens 100th store in sub-Saharan Africa

SOUTH AFRICA – Pizza Hut, the American restaurant chain and international franchise has opened a new store in Johannesburg, South Africa with ambitious plans to expand into Africa. It provides Italian-American cuisine menu including pizza and pasta, as well as side dishes and desserts in a range of restaurants across Africa. Pizza Hut restaurants now trade in 13 Sub-Saharan African countries, with an additional 90 stores in Morocco, Egypt and Algeria, bringing the total to 190 across the African continent. Africa’s untapped opportunities presents them a potential market destination, especially…

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Zambeef’s CEO and co-founder Carl Irwin retires

ZAMBIA – Carl Irwin, the joint CEO and co-founder of Zambian agribusiness enterprise Zambeef has retired at end of March after building the company into a ‘multi-national conglomerate’ together with other founders. Carl Irwin is said to have served 23 years of leadership at one of the leading food retailers in Zambia and South Africa. He has greatly contributed to the growth of the company, the largest vertically integrated food retailing brand in Zambia. He played a critical role in growing the company, which began in in 1994 as a single butchery. Zambeef…

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East African competition authority begins operations to check on malpractices

TANZANIA – The East African Competition Authority has started its operations with a mandate to check on price fixing and other malpractices by investigative firms and trade associations which exploit consumers, The EastAfrican reports. In addition, the authority is undertaking market studies to inform the competitiveness of the regional economy. The Authority, based in Tanzania’s capital Arusha, was developed under the EAC Competition Act, 2006 mandated to promote and protect fair competition in the region. The Act prohibits anti-competitive trade practices, abuse of market dominance, provides for notification of mergers…

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Zambeef opens a new outlet to enhance accessibility of meat and dairies

ZAMBIA – Zambeef Products Plc, one of Zambia’s largest producers of beef and other food products including dairy has opened a new macro store, Chalala to enable customers easily access its meat and dairy products. The new Macro outlet adds to the company’s strong retail chain network in Zambia consisting of 78 retail outlets, 19 macro stores, two wholesale stores, three fast food outlets, 17 Novatek outlets and 12 Zamshu outlets. Zambeef noted that it increased its retail footprint in 2017 by 28 per cent, successfully opening ten new Macro…

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Tyson Foods considers sale of pizza crust business

USA – Tyson Foods, the American multinational corporation has announced that it was exploring the sale of its pizza crust business (TNT Crust), while it shifts focus on its core protein business. The company is capitalizing on demand for protein after it reported a 1755 surge in net income for the quarter ended 30, December 2017. The sale, which is to be conducted by Goldman Sachs includes partially baked crusts, flat breads and self-rising crusts as well as the company’s two manufacturing facilities in Green Bay, Wis. However, the company…

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Danone completes US$1.6bn sale of 14% stake in Yakult

FRANCE – Danone has announced that it has completed the US$1.6 billion sale of its 14% stake in the Japanese dairy manufacturer, Yakult after signing a MoU to strengthen probiotic collaboration. In an announcement it made on February 14 2018, Danone said it has sold 24,600,000 shares of Yakult Honsha Co. in a transaction that will reduce its stake in the company to 6.61% from the previously held 21.29%. This was part of Danone’s divestment plans in a bid to leverage its operations in organic growth, and maximizing efficiencies towards…

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Fonterra adds a new range of cheese with a lactose free option

NEW ZEALAND – Fonterra has added a new range of cheese with a lactose free option, to add to its Anchor brand in New Zealand with introduction of five new varieties. According to the company, these include the traditional varieties including Tasty, Colby and Edam as well as two new additions – Protein+ and Zero Lacto options. Protein+ has 26 per cent more protein than Anchor Tasty and is an easy way for Kiwis to increase protein in their diets. On the other hand, Zero Lacto aims to address health…

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England proposes bottle and can deposit return scheme to cut waste

UK – The UK government has announced that all bottles and cans whether plastic, glass or metal, will be covered by a deposit return scheme (DRS) to reduce on the amount of plastics and other waste going into the land or the sea. As a result, consumers will have to pay an extra cost for their favorite drinks but in the long run they’ll receive their money back by recycling the containers designated sites using ‘reverse vending machines’. At these sites, the owners of the vending machines are responsible for…

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Mondelēz International announces OREO brand will display Cocoa Life logo

USA – Mondelez International has announced that from the end of March, the OREO brand will be covered by its industry leading sustainable cocoa sourcing programme, Cocoa Life. OREO packs will display the Cocoa Life logo, which will be present across the full range by the end of this year. According to the company, this announcement is part of its commitment to expand Cocoa Life to more of its brands, with the company’s ultimate goal to source all its cocoa sustainably, primarily through Cocoa Life. Following last year’s announcement that…

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Olam secures financing facilities from Asian Development Bank for US$163m

SINGAPORE – Olam International Limited, a leading agri-business operating across the value chain, has secured medium term financing facilities aggregating US$163 million from the Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA). The Facilities consist of two tranches; a US$83 million, 5-year facility for the Company and a US$80 million, 7-year facility for Café Outspan Vietnam Limited (COVL) with wholly owned subsidiary of Olam, under a guarantee from the Company. According to Olam, the proceeds from the Facilities will be applied towards capital expenditure and permanent working capital…

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