Fonterra recognizes high-performing farmers in new sustainability approach

NEW ZEALAND – The leading New Zealand’s dairy co-operative, Fonterra has unveiled a new sustainability approach which recognises farmers who strive to produce high-quality milk sustainably. Fonterra says the new approach will help equip farmers with knowledge of what is expected ‘today and in the future’ while putting sustainability at the forefront. This will enable the co-operative to maximize its New Zealand heritage and uniqueness and position it as a leading dairy company across the globe. Called the Co-operative Difference, the new strategy will work by recognising farmers who go…

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Coca-Cola to launch Powerade sports drink in India to tackle competition

INDIA – Coca-Cola has announced that it is set to launch its global sports drink Powerade in India within the next two months to take advantage of the growing sports drink market. The drink, set to launch ahead of ICC World Cup looks to compete PepsiCo’s Gatorade, according to an Economic Times report which has identified sources familiar with the matter. The report has identified that Powerade has been available in India only through imports and the move will enable the company offer consumers a locally-made version of the drink.…

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Mexico’s Arca Continental to invest US$681m in 2019 to boost production

USA – Arca Continental, Mexican bottler of Coca-Cola beverages has announced that it will be investing US$681 million (Ps. 13 billion) in 2019 to enhance production capacities. The investment is also expected to boost distribution across its territories including food, beverage and snack operations in the countries it serves. The company which is the second-largest Coca-Cola bottler in Latin America said the resources will also be elemental in strengthening operations and market execution in different divisions of its product portfolio. “Consistent with the long-term vision of Arca Continental, in 2019…

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Ethiopia’s wheat production to increase as government unveils self-sufficiency plans

ETHIOPIA – Ethiopia’s wheat production is expected to increase hitting 4.6 million tonnes during the 2019-20 period as the government unveils plans to ensure the country becomes self-sufficient in wheat production. This is according to a recent report by the Global Agricultural Information Network (GAIN) of the Foreign Agricultural Service of the United States Department of Agriculture (USDA) which projects the upsurge from 4.5 million tonnes recorded last year. However, despite the increase in production, Ethiopia will still fall short of meeting domestic needs estimated by USDA at 6.3 million…

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Kevian Kenya secures US$10.93m credit facility from German wealth fund to facilitate expansion

KENYA – Kevian Kenya, a leading fruit juice producer in Kenya, has secured an additional US$10.93 million (Ksh 1.1 billion) credit facility from German sovereign wealth fund DEG to finance its expansion drive. This is the second funding that the company has secured from DEG following an earlier loan of US$7.86 million (Sh791 million) issued to the soft beverage firm in 2012. According to a Business Daily report, Kimani Rugendo, Managing director, Kevian Kenya said that the loan will enable the firm introduce more products and expand its production capacity…

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Nigeria’s Coca-Cola bottler bags global water stewardship certification

NIGERIA – Nigerian Bottling Company (NBC), the Coca-Cola franchise bottler in the country, has received the prestigious Alliance for Water Stewardship (AWS) certification becoming the first African bottling plant to receive the award. AWS is a global membership organisation comprising businesses and investors that seeks to contribute to the sustainability of local water resources by adopting and promoting a universal framework for the sustainable use of water. George Polymenakos, General Manager at Nigerian Bottling Company said that the certification reinforces the company’s commitment toCoca-Cola Hellenic Bottling Company’s 2025 sustainability programme.…

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UK’s AgDevCo invests US$3m in Rwandan milling firm to expand production capacity

RWANDA – United Kingdom (UK) based social impact investor, AgDevCo, has announced a US$3 million investment into Minimex Limited, Rwanda’s leading maize milling firm, to expand the production capacity of the firm. The investment is supported through UK Aid’s IMSAR programme aimed at helping improve market systems for agriculture in Rwanda. Harriett Baldwin, UK Minister of State for Africa, said that the investment by AgDevCo’s investment will enable the firm increase its capacity as well as scale up its raw material sourcing capacity from maize farmers across the country. “UK…

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GlaxoSmithKline Chairman Philip Hampton to step down amidst company split

UK – The British pharmaceutical and consumer goods company, GlaxoSmithKline (GSK) has announced that company chairman Philip Hampton will be stepping down from his role in the middle of a possible split of its business. Hampton will be leaving the company after more than three and a half years as chairman even as he succumbs pressure from investors who have expressed dissatisfaction with company’s performance and share price. Before joining GSK, Hampton was chairman of Royal Bank of Scotland Group Plc and J Sainsbury plc. GSK, which is looking to…

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Zimbabwe’s grain millers reduces wheat supply target by 40% on increasing drought

ZIMBABWE – The Grain Millers Association of Zimbabwe (GMAZ) has reviewed the National Wheat Contract Farming Committee (NWCFC) target by 40% down to 90 000 tonnes citing depleted water supply for irrigation of the produce. According to a report by the Herald, NWCFC original target was to mobilise inputs and machinery for the production of at least 150 000 tonnes of wheat valued at approximately US$80 million. Speaking during a recently held meeting on grain supply strategy, Graeme Murdoch, NWCFC deputy chairman said that the new forecast was based on…

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India injects US$150m to boost agricultural mechanisation project in Ghana

GHANA – Ghana has received US$150 million for India to boost the Strengthening of Agriculture Mechanisation Service Centres (AMSECs) Project that seeks to modernise the agricultural sector in the country. According to the minister of finance in Ghana, Mr Ken Ofori-Atta, the long term financing agreement between the two countries will improve availability and timely access to affordable agricultural machinery and equipment under the AMSECs project. In addition to increasing agricultural productivity, the AMSECs Project is expected to provide mechanised services to the resource constrained households who crop less than…

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