Rising generation of food consumers is more open to new food tech, study shows

USA – The newest generation of food consumers with purchasing power, Gen Z, is more open to food technology than older generations, according to new research from global communications consultancy Ketchum. The study, titled ‘Ketchum’s […]

Taste Holdings sell Starbucks South Africa stores seeking to exit food business

SOUTH AFRICA – Taste Holdings, licensed operator of Starbucks and Domino’s Pizza in South Africa has sold13 stores of its coffee chain to a consortium, K2019548958 (South Africa) Proprietary Limited, for 7 million rand (US$464,000) […]

Cargill invests US$34m to expand feed production capacity in its Texas plant

USA – Cargill has opened a US$34M expansion of its Animal Nutrition & Health facility in Temple, Texas aimed at increasing its feed production capacity to meet the growing needs. Construction of the 70,000 square […]

Gelita and Geltor team up to commercialize first animal-free collagen for dietary supplements

USA – Gelita, a German manufacturer of collagen proteins has signed a letter of intent with premium protein ingredients supplier Geltor to develop, produce and market the first ingestible animal-free collagen proteins – to be […]

Int’l Breweries to raise US$458m through ‘rights issue’ to offset staggering losses and mounting debt

NIGERIA – International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev is planning to raise N165bn (US$457.7m) in a share sale in order to reduce the mounting debt and reverse losses. This follows […]

McDonald’s appoints Chris Kempczinski as new president and CEO

USA – American fast-food giant, McDonald’s has appointed Chris Kempczinski as the new president and chief executive officer of the company. Chris Kempczinski, who headed McDonald’s USA will take up his new position as the […]

French grain cooperative Axereal acquires Cargill’s global malt business

FRANCE – Boortmalt, a subsidiary of France’s largest grain cooperative, Axereal, has closed the acquisition of the malt business of global agribusiness company, Cargill. The transaction, whose financial terms were not disclosed, involves acquisition of […]

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to boost local malt production

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help […]