Coca-Cola Beverages Africa to launch its sparkling fruit juice Appletiser in Spain

SOUTH AFRICA – Coca-Cola Beverages Africa has announced that it is set to launch South Africa’s sparkling fruit juice Appletiser in the European market starting with Spain, with later introductions in Western Europe and the Americas. Appletiser is a home-grown apple juice brand acquired by The Coca-Cola Company two years ago and has seen successful launches in the South African market. According to Engineering News, Coca-Cola started by introducing over 20,000 presentation kits in Spain, the first big market for the brand outside South Africa. Spanish Brand Manager Oscar González…

Read More

Fishing group Oceana appoints Imraan Soomra as permanent CEO

SOUTH AFRICA – Oceana Group Ltd, the South African fishing company has announced that its acting CEO Imraan Soomra has been appointed as its chief executive effective 1 August 2018. Soomra was confirmed interim CEO in February this year after Francois Kuttel resigned as the CEO to pursue his bid of buying a majority stake in the firm’s Daybrook Fisheries fleet in the US. Kuttel’s resignation followed a committee decision by Oceana identifying Kuttel as the best man for the job of taking over the remaining 75% stake. Daybrook fleet is owned by…

Read More

Schweppes Zimbabwe to venture into oranges production to boost juice feedstock

ZIMBABWE – Schweppes Zimbabwe Ltd, a soft drinks producer under The Coca-Cola licence, is considering to start production of oranges to boost its supply chain for its juice processing plant in Beitbridge, reports the Herald. Strong demand for the commodity in the global market has put pressure on the processing facility which currently sources its oranges from the orchards around Beitbridge. Speaking to Business Weekly, Charles Msipa, chief executive of Schweppes, the company was looking to start with 2 000 hectares, and gradually expand. “We have requested land from Government…

Read More

Tanzania initiates construction of US$2.19m abattoir and meat processing facility

TANZANIA – Tanzania’s Longido district council has initiated the construction of US$2.19 million facility that will act as an abattoir as well as meat processing facility in accordance with the industrialization agenda. According to Daily News, this was in line with President Magufuli’s initiative to have more than 100 new industries in every region by the end of the year. The factory has a capacity of 3,000 livestock per day, thus providing a direct market for livestock farmers who always have to find it outside the country. Longido District Executive…

Read More

Nigerian Breweries profits fall 22% on new duty and tax revisions in the quarter

NIGERIA – Heineken’s Nigerian Breweries has reported 22% decline in Profit After Tax (PAT) to US$49.78 million impacted by new exercise duty and higher tax rates on beer in the first quarter of this financial year. The federal government announced new excise duty rates on alcoholic drinks and tobacco, spread over a three-year period targeting wine, beer and spirits, something that the company said impacted on profitability in the period under review. The upward review of the excise duty rates for alcoholic beverages and tobacco was to achieve a dual benefit…

Read More

Nigerian Breweries establishes new US$275.2m ‘Commercial Paper’ programme

NIGERIA – Nigerian Breweries Plc, a subsidiary of Heineken N.V. Group has set up a US$275.2 million Commercial Paper (CP) programme to complement other sources of working capital, while diversifying its funding sources to include non-bank investors, the Guardian has reported. The programme would be issued in tranches or series with specified amounts, dates, discounted values, coupon, interest rates, within specific maturity periods as will be determined by the company. According to the company, the programme aims to improve the company’s ability to periodically access funding at rates mirroring the…

Read More

Bakhresa food group rebrands juice range with an eye on export market

TANZANIA – Bakhresa Food Products Ltd has rebranded its juice range Azam to African Fruti as it looks to expand into the African and world market, Daily News has reported. The fresh look features a vibrant African setting targeting especially African countries, providing a different offering but of the same high quality as Bakhresa products. The company will export the juice brand to China and United Arabs Emirates (UAE) as part of its success story in setting and implementing standards while industrializing Tanzania. “The rebranding of Azam juice products to…

Read More

San Francisco Equity Partners acquires Brazi Bites cheese bread brand

USA – San Francisco Equity Partners (SFEP), is a private equity firm focused on expansion-stage of technology companies, has announced that it has acquired a majority stake in frozen, gluten-free cheese-bread brand Brazi Bites. The company reported that the terms of the deal were not disclosed but husband and wife founders Junea Rocha and Cameron MacMullin, along with their team of seven employees, will remain with the company. Rocha told NOSH that Brazi Bites had previously taken funding from angel investors, as well as a smaller strategic round in 2015…

Read More

Retail company Supervalu announces agreement with Blackwells Capital

USA – Supervalu, a grocery industry leader in grocery wholesale distribution and professional services, has entered an agreement with Blackwells Capital, in which has agreed to withdraw its director nominees and vote all of its shares in support of SUPERVALU’s full slate of directors. Supervalu said that under the accord, Blackwells will pull its director nominations and vote all of its shares in support of Supervalu’s slate of directors at the company’s annual shareholder meeting on Aug. 16. According to the company, Blackwells also has dropped its stockholder proposal for…

Read More

Spain, USA and UK researchers successfully create GM rice with HIV-neutralizing proteins

WORLD – An international team of researchers from Spain, the United States, and the United Kingdom has successfully created a strain of genetically modified (GM) rice that will produce HIV-neutralizing proteins. According to Crop Biotech, the scientists have been developing possible treatments for people infected with HIV. Their efforts to produce a vaccine against the virus have been unsuccessful, but oral medications have been developed that can stave off an infection for a short period of time. These medications, however, are unavailable in third world countries. To help people who…

Read More