East African Breweries reports a 9% rise in profit after tax to US$71.6m

KENYA – East African Breweries Limited (EABL), has reported a 9% increase in profit after tax to Kshs 7.2 billion (US$71.6m) for the half-year period ended 31 December 2019. The company’s performance was boosted by increased investment and operational efficiencies across markets and segments, despite increases in alcoholic beverage taxes. Net sales rose 10% to Kshs 45.9 billion (US$456m), driven by higher volumes which rose by 5% across the Group and categories, and better price mix across all brands. Net sales in EABL’s largest market, Kenya, grew by 8%, with…

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Coca-Cola sustains growth momentum as net revenues shoot by 9% to US$37.3bn

USA – The Coca-Cola Company reported a 9% growth in net revenues to US$37.3 billion and a 6% growth in organic revenues for the full year ending December 31, 2019. The company also managed to achieve or exceeds all full year guidance and grew its annual operating income by 10% as the beverage giant continued to deliver strong revenue and profit growth. Revenue growth for the year was driven by concentrate sales growth of 1% and price/mix growth of 5% and continued to gain value share in total non-alcoholic ready-to-drink…

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Kenyan standards body orders withdrawal of 17 maize meal brands

KENYA – The Kenya Bureau of Standards (KEBS) on Wednesday, January 29 ordered the withdrawal of 17 brands of maize flour from the shelves after tests confirmed the brands as unfit for human consumption, with some having high aflatoxin levels. In a statement by the authority, retailers were ordered to immediately withdraw the listed brands from retail outlets, warning that failure to comply could lead to legal action. “Kindly communicate through email giving the quantities and the brand names being held. We will make arrangements to collect them,” the statement…

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French yeast manufacturer Lessaffre opens first Baking Center in West Africa

IVORY COAST – Lesaffre, the French yeast and bread improvement manufacturer has inaugurated the first Baking Center of West Africa at its subsidiary, Lesaffre Ivoire in Abidjan, Ivory Coast. A global key player in the field of yeast and fermentation, Lesaffre designs, manufactures and markets innovative solutions for Baking, Food taste & pleasure, Health care and Biotechnology. Lesaffre Ivoire has been based in Abidjan since 2004 and distributes yeasts and bread improvers throughout the Ivorian territory. It is also the commercial and technical support base for much of West and…

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Delta injects $11m into sorghum contract farming to boost production

ZIMBABWE – Delta Corporation, Zimbabwe’s largest beverage manufacturer, has injected more than $11 million into its Beverages Sorghum Contract Farming Scheme (BSCFS) during the 2019/2020 farming season, as it moves to support local farmers. Delta requires about 11, 400 tonnes of red sorghum and 2 400 tonnes of white sorghum annually but requirements vary every season, depending on projected domestic beer consumption levels, reports News Day. Delta corporate affairs executive Patricia Murambinda said that 6 949 farmers across the country had been contracted to produce sorghum this season. “Our current…

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Dunkin’ Brands appoints three vice presidents to its international team

USA – Dunkin’ Brands, the parent company of Dunkin’ and Baskin-Robbins, has appointed three vice presidents to its international team. The quick service restaurants franchisor has promoted Rini Ernawati to Regional Vice President, Asia Pacific and Caner Gursoy to Regional Vice President, Europe, Middle East, Africa and Australia. Alongside consultancy and advisory experience with multiple startups in the fast-casual restaurant and e-commerce space, Rini Ernawati has more than 15 years of multinational experience as a finance and general management executive. Before joining Dunkin’ Brands, Ernawati was responsible for driving growth…

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Mondelēz International reports strong progress towards accelerating growth

UK – Mondelēz International posted a 4.1% growth in organic net revenue during the year ended December 31, 2019, topping the consensus expectation for a gain of 2.5%. However, Mondelēz reported a 0.3% decline in net revenue to US$25.868 billion and a US$15 million decline in gross profit during the period driven by unfavorable currency impacts. Despite the slight slip in net revenue, Mondelēz said that it was on track towards executing its growth strategy having reported strong progress in emerging and high-growth markets. “2019 was a major step forward…

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Danone partners with rePlant Capital on regenerative and organic farming

USA – Danone North America has partnered with rePlant Capital, a financial services firm dedicated to reversing climate change, to support the food and beverage company’s farmer partners. Through the partnership, rePlant will invest up to US$20 million to support Danone North America’s farmer partners with expenses related to converting to regenerative or organic farming practices. These agricultural practices are expected to increase biodiversity, enhance ecosystems and enrich soil, as part of the company and its partners’ broader commitments to addressing climate change. “As a company that is passionate about…

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Diageo’s H1 sales climb 4.2% to US$9.35bn driven by broad based growth

UK – Diageo, the owner of the iconic Johnnie Walker and Guinness brands reported a 4.2% growth in net sales to £7.2 billion (US$9.35bn) during its first half ending 31 December, 2019. The alcoholic beverages leader saw its operating profit hit £2.4 billion (US$3.12bn), an increase by 0.5%, driven by organic growth offset by unfavourable exchange, exceptional operating items and acquisitions and disposals. Diageo noted that all regions contributed to broad based organic net sales growth, up 4.2%, with organic volume up 0.2%. The company’s organic operating profit grew 4.6%,…

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Pizza Hut, KFC restaurants expand presence in Tanzania

TANZANIA – Dough Works limited, the franchise owner of Pizza Hut restaurants in Tanzania has opened its eighth outlet in the country at Mikocheni Plaza in Dar es Salaam. This comes barely a month after the franchisor opened two new Pizza Hut restaurants in the country last year, December. To expand its portfolio, Dough Works acquired the KFC franchise in October 2019 from Kuku Foods Tanzania, comprising of four restaurants in the country. In three months only, the KFC franchise saw a rapid expansion of two new outlets making a…

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