Danone and Microsoft partner to accelerate adoption of AI in the food industry

FRANCE – Danone and Microsoft have partnered in an artificial intelligence (AI) program dubbed ‘AI Factory For AgriFood’ that seeks to support sustainable food and regenerative agriculture in France. The AI Factory For AgriFood is […]

Zambia Cooperative Federation acquires majority stake in Kasama milling

ZAMBIA – The Zambia Cooperative Federation (ZCF) has entered into an equity partnership with Kasama Milling to own 70% shares in the milling company in bid to reduce the mealie meal prices. As a result […]

Russell Stover Chocolates restructures its production and distribution operations

USA – Russell Stover Chocolates, the top manufacturer of boxed chocolates in the US is making several changes to the production, retail and distribution networks to align its operations with the changing consumer needs across […]

Nestlé plans US$2.08bn investment to boost sustainable packaging & innovation

SWITZERLAND – Nestlé has committed to invest up to CHF 2 billion (US$2.08bn) to lead the shift from virgin plastics to food-grade recycled plastics and accelerate the development of innovative sustainable packaging solutions. The commitment […]

Califia Farms closes landmark US$225m series D financing round

USA – Califia Farms, a Los Angeles-based plant-based food and beverage company has closed its Series D financing raising US$225 million in capital led by the Qatar Investment Authority (QIA).  The funding, which counts as […]

Neogen Corporation acquires Italian food safety company Diessechem

USA – Neogen Corporation has acquired Diessechem S.R.L., an Italy-based distributor of food and feed safety diagnostics, for an undisclosed amount. Diessechem is a supplier of food safety diagnostics to public authorities for food safety, […]

Mumias Sugar set to re-embark on ethanol production as part of the millers revival plan

KENYA – Mumias Sugar Company is expected to resume ethanol production Friday, 17th January 2020 after reconnection of power supply to the factory. Mr Ponangipalli Venkata Ramana Rao, the receiver-manager appointed by Kenya Commercial Bank […]