AB InBev’s second quarter sales pick up encouraged by June recovery in Mexico, South Africa

BELGIUM – The world leading brewer, Anheuser Busch InBev (AB InBev) has reported a 17.7% decline in revenue to US$10.2 billion in the second quarter impacted by the COVID-19 pandemic. In the half year period 2020, revenue declined by 12.0% to US$21.2 billion, though revenue per hl did actually increase by 1.6%. According to the brewer, in April, its volumes declined by 32.4%, as it faced a shutdown of its beer operations in key markets such as Mexico, South Africa and Peru, and the closure of the on-premise channel in…

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Nigerian agtech company Farmcrowdy seeks to establish country’s agriculture special economic zone

NIGERIA – Farmcrowdy, Nigeria’s digital agriculture platform and the Nigeria Export Processing Zones Authority (NEPZA) are seeking to establishing an agriculture special economic zone in Nigeria. The announcement followed a meeting between the Managing Director/Chief Executive, NEPZA, Prof. Adesoji Adesugba and the Farmcrowdy boss, Mr. Onyeka Akuma, after a courtesy visit by the latter to present the company’s plans of adding value through agriculture products processing and expansion of the sector through a special zone, reports This Day. Akuma said it was high time Nigeria increased its non-oil exports and…

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Coca-Cola to launch hard seltzer alcoholic beverage under its Topo Chico brand

LATIN AMERICA – Coca-Cola has announced that it will be launching a hard seltzer under its Topo Chico brand later this year, with the drink to be initially available in select cities in Latin America. According to CNCB reports, Topo Chico Hard Seltzer will launch in the United States in 2021, making it the company’s first foray into alcoholic beverages in its home market for the first time since it sold its Wine Spectrum business in 1983. The beverage giant purchased Texas’ cult favorite sparkling water brand, Topo Chico in…

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China based agro-allied business COFCO partners with IFC to establish sustainable soy value chain in Brazil

BRAZIL – Chinese agribusiness company, COFCO International has partnered with the International Finance Corporation (IFC), to develop a more traceable and sustainable supply chain for soy farming at its Brazilian subsidiary in the Matopiba region. The work will focus on screening soy farms in Cerrado’s Matopiba region to ensure compliance with key environmental and social criteria, and build farmer capacity to apply more sustainable farming practices. According to COFCO’s press-release, the initiative will include direct and indirect non pre-financed suppliers. Although Cerrado’s soy-related land conversion has been decreasing since 2001,…

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GBfoods commissions US$14.3m mayonnaise processing factory in Nigeria

NIGERIA – Global culinary products manufacturer GBfoods, has inaugurated its N5.5 billion (US$14.3m) state of the art production factory for its leading mayonnaise brand, Bama Mayonnaise in Ogun State, Nigeria. The Bama mayonnaise recipe was developed in the United States of America over 80 years ago and has continued to expand across the globe. The factory, according to Premium Times reports, will be the largest in Sub Saharan Africa and will support the manufacturing of the Original recipe Bama mayonnaise for Nigeria and the rest of Africa. This investment is…

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Kenya to kick start use of Warehouse Receipting System for maize in October

KENYA – The Kenyan government through the ministry of agriculture has directed maize farmers in the country to start selling their produce through the newly established Warehouse Receipting System from October this year. “I have given my undertaking and pronounced that come the next harvesting season, starting early October 2020, the ministry’s management of newly acquired stocks will be under the WRS,” said Agriculture Cabinet Secretary (CS) Peter Munya. The Warehouse Receipt System (WRS) will now be an open trading platform that links buyers and sellers, modelled along the stock…

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Namibian Breweries introduces zero alcohol beer

Company Name: Namibian Breweries Product Name: Horizon Beer Product Type: Alcohol free beer Namibia Breweries has introduced one of its exciting and latest innovations, ‘Horizon’ – a non-alcoholic flavoured beer to provide more choice to local beer consumers, according to the company’s Global Marketing Manager, Rene Duffy. NBL Global Innovation Manager, Megan Zondagh, says Horizon is a range of expertly brewed, premium tasting Non-alcoholic beers with an alcohol-by-volume (ABV) of less than 0.5%. Zondagh:  “With global and local trends pointing towards a greater focus on health and wellbeing, consumers are…

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