Arla enters dairy alternative market with new brand and plant-based products

DENMARK – Arla Foods, one of the world’s largest dairy cooperatives based in Denmark, has entered the dairy alternative market to meet the increasing number of consumers are looking for plant-based products. Arla is initially launching three oat drinks under a new brand called JÖRĐ, an umbrella brand for 100% plant-based products, and plans to expand the brand to provide an entire selection of plant-based food products. The Danish dairy processor says that it has leveraged its knowledge and expertise within food to develop the category with new and exciting…

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Mars appoints Anders Bering as Vice President of Global Public Affairs

USA – American confectionery giant, Mars Incorporated has announced a new senior hire and addition to the corporate affairs leadership team with the appointment of Anders Bering as the company’s new Vice President, Global Public Affairs. In his new position, Bering will lead Mars’ Government Relations Service Centers in Washington, D.C., Brussels, Beijing and Moscow, and Public Policy and International Government Relations teams. Bering will be responsible for establishing public policy positions and public affairs strategies, driving stakeholder and influencer engagement on a number of issues ranging from climate action to…

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Guinea-Bissau, IFAD launch US$65.7m project to promote climate resilient agriculture

Guinea-Bissau – The International Fund for Agricultural Development (IFAD) has partnered with the government of Guinea-Bissau to support the Agricultural Diversification, Integrated Markets, Nutrition and Climate Resilience Project (REDE) with an investment of US$65.7 million. The project is aimed to increase productivity and incomes, improve food security and nutrition and build the resilience of at least 287,000 small-scale farmers in the face of climate change. Its funding includes an US$11.8 million loan and US$4.3 million grant from IFAD through its Special Programme for Countries with Fragile Situations. In addition, the…

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New KCC lays off 280 workers at Nyahururu plant to pave way for facility upgrade

KENYA – The New Kenya Co-operative Creameries (KCC), state-owned dairy processor has laid off 280 casual workers at its factory in Nyahururu, Laikipia County in a restructuring move. In a letter dated February 29, Managing Director Simon Wanjangi said the contracts had been terminated with immediate effect “as there was not much production going on at the factory.” “This is to inform you that due to the temporary stoppage of production operations in the factory, to give room for factory modernisation, the management has decided to terminate your services with…

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Gourmet pizza vending machine start-up Basil Street raises US$10m

USA – Basil Street, a high-tech, innovative pizza vending machine company, has closed a US$10 million priced round of funding, setting the stage for a multi-city pilot program rollout launching in April across the United States. Using state-of-the-art robotics technology, a groundbreaking cooking process and the freshest ingredients, Basil Street says that it is primed to change the way consumers think about vending machine cuisine forever.   Basil Street machines feature three 10-inch Italian style, thin crust pizza offerings: four-cheese, pepperoni and a “Pizza of the Month” selling between US$6.95-US$11.95.…

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Nestlé signs European Plastics Pact to accelerate the transition towards a circular economy

SWITZERLAND – Nestlé has signed the European Plastics Pact, as part of the food and beverage giant’s efforts to achieve 100% recyclable or reusable packaging and reduce the use of virgin plastics by one third by 2025. The European Plastics Pact, initiated by France and the Netherlands, aims to accelerate the transition towards a circular plastics economy and stop the sole dependence plastics made from non-renewable fossil fuel. The Pact brings together various actors including leading companies, NGOs and governments, who are together committing to realize common goals by 2025…

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Pernod Ricard invests in Japanese gin maker The Kyoto Distillery

FRANCE – Pernod Ricard, the French producer of wines and spirits, has signed an agreement for a significant investment in KI NO BI Kyoto Dry Gin, one of the fastest growing gin brand in Japan produced by The Kyoto Distillery. Pernod Ricard said that the investment in The Kyoto Distillery will be used primarily to build a new, state-of-the-art, distillery to meet the growing demand for KI NO BI ultra-premium gin. KI NO BI is a small-batch, artisanal gin distilled at Japan’s first dedicated gin distillery, built in Kyoto in…

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CBD-infused beverage producer Canopy Growth to close facilities in Canada

CANADA – Canadian cannabis infused beverage producer, Canopy Growth Corporation has unveiled the company’s production optimization plan that will result into the elimination of approximately 500 positions. As part of the Canopy’s effort to align supply and demand while improving production efficiencies over time, the Constellation Brands backed company plans to close its facilities in Aldergrove and Delta, British Columbia, western Canada. In addition, the Company no longer plans to bring a third greenhouse online in Niagara-on-the-Lake, Ontario. The greenhouses in British Colombia account for approximately 3 million square feet…

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Nestlé Nigeria surpasses FY 2019 revenue target recording 6.7% growth

NIGERIA – Nestle Nigeria Plc, a food and beverage speciality company has reported earnings growth of 6% for the full year 2019. The food and beverage giant said that profit rose to N45.6bn (US$125.6m) from N43bn (US$118.5m) in 2018. The company benefited from a 6.7% growth in revenue to N284bn (US$782.8m). Nestle was also helped by operating profit rise of 19% to N72bn (US$198.4m). According to the company, the beverage segment which accounts for 38% of total sales grew by 10% to N108bn (US$297.7m), with pre-tax profit of N25bn (US$68.9m),…

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FMDQ, AFEX to unlock N2.5tn funding for smallholder farmers in Nigeria

NIGERIA – The Financial Market Dealers Exchange and the AFEX Commodities Exchange Limited of Nigeria have signed a Memorandum of Understanding to unlock about N2.5tn funding targeted to support about one million smallholder farmers within the next five years. The Chief Executive Officer, AFEX, Mr Ayodeji Balogun, signed the agreement on behalf of his company, while the Chief Executive Officer, FMDQ, Mr Bola Onadele signed on behalf of his firm. Ayodeji said that currently, the value of credit from banks to the agricultural sector was about N500bn. He added that…

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