Guinness Nigeria first quarter profit declines 59% amid economic challenges

NIGERIA – Guinness Nigeria Plc has recorded a 59% decline in operating profit in its first quarter results ending September driven by a drop-in revenue of 4% to N26.9bn (US$74m) from N28bn (US$77.2m) recorded in […]

IFF opens new center of excellence for food service and seasonings to expand offerings

USA – International Flavors & Fragrances (IFF), a leading innovator of taste, scent, and nutrition, has opened its Center of Excellence for Food Service and Seasonings in Carrollton, Texas. The new site, located near the […]

Fonterra partners with By-Health to bolster research on nutritional solutions

CHINA – New Zealand dairy cooperative Fonterra has entered into a strategic research and development partnership with global vitamin and dietary supplements enterprise, By-Health. The companies will focus on developing nutritional solutions for the health […]

Australian scientists develop new method for efficient production of drought-resilient wheat

AUSTRALIA – Australian scientists have developed a new method that could help breeders develop drought-resilient crops quickly, cheaply and accurately. The scientists, from The Australian National University (ANU), ARC Centre of Excellence in Plant Energy […]

Rwanda becomes the first African country to ban all single-use plastics

RWANDA – Rwanda becomes the first country in East Africa to issue a complete ban on all single-use plastics a move that goes hand in hand with the country’s commitment of environmental protection. Single-use plastics […]

ADM Animal Nutrition names new vice president of Pet Nutrition

USA – ADM Animal Nutrition, a division of Archer Daniels Midland Company (ADM), has appointed Amy McCarthy as the new vice president, Pet Nutrition. In this role, McCarthy will drive the pet nutrition strategy and […]

AB InBev reports growth in third quarter revenues boosted by non-beer volumes

BELGIUM – World largest brewer, AB InBeV reported a 2.7% growth in revenue during the third quarter ending 30th September helped by a 4% increase in non-beer volumes which offset a 0.9%  decline in beer […]

Cargill invests US$35m to produce soluble fibres in Europe

BELGIUM – Cargill is investing US$35 million (€32 million) in Europe to add soluble fibers to its current broad portfolio of starches, sweeteners & texturizers. Cargill said that the new soluble fibers will enable sugar […]

Olam Cocoa unveils sustainability ambitions for the future of the cocoa sector

SINGAPORE – Olam Cocoa, one of the world’s leading cocoa suppliers, has announced its sustainability ambition for the future of the cocoa sector, committing to a child labour free supply chain and greater forest protection […]

Zambian Breweries’ cassava project goes to the root of economic diversification

ZAMBIA – Zambian Breweries Plc, a subsidiary of AB InBev is championing commercialization of cassava through its flagship cassava project. Through the project the brewer is adding value for small-scale farmers, ensuring economic diversification, job […]