Ferrero expands its adventure line of Tic Tac with launch of Big Berry Adventure in US

USA – Confectionery company, Ferrero is expanding its Iconic Tic Tac mint brand with the launch of Big Berry Adventure in the US. The brand’s newest fruit innovation features a delightful mash-up of two rich raspberry and juicy blueberry flavours that come together with a playful shake. According to the company, the new flavour was created to inspire fun and adventurous moments for consumers and will be rolled out on shelves nationwide. “Fruity flavors have always performed well for Tic Tac, but over the past few months we’ve seen an…

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Wellness Natural buys healthy snacking brand SimplyProtein from Simply Good Foods

CANADA – Wellness Natural, Inc., a newly formed natural foods company headquartered in Toronto, Canada announced its acquisition of SimplyProtein, a nutritional snacking brand previously owned by Simply Good Foods USA, Inc. Since its establishment in 2002 in health foods stores, SimplyProtein has grown to become available in more than 50 retailers across Canada and the US. With a variety of products marketed in Canada and a separate group of products in the US, SimplyProtein’s line of nutritional and low-sugar snacks include an assortment of bars, cookies, chips and crunchy…

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Nestlé partners Ivorian municipality to fight against plastic waste

COTE D’IVOIRE – Nestlé Côte d’Ivoire, a subsidiary of the the Swiss food group Nestlé,  has partnered with the municipality of Cocody, in the greater Abidjan area to launch a plastic waste management project. The project, christened “J’aime Cocody, loin de ma lagune les déchets plastiques” (I love Cocody, far from my lagoon plastic waste);  aims to reduce plastic pollution in the lagoon bays of the Cocody municipality. The Ivorian project is part of the social commitment of the Swiss firm, which uses plastic in abundance to package its products…

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VNA Foods of Namibia to produce vegetable instant soup in new facility

NAMIBIA – Namibian food processing company, VNA Foods has inaugurated its production facility in Windhoek which will produce an instant soup made of spinach dubbed ‘Omboga’. With the launch of the facility, Development Bank of Namibia (DBN) celebrates the culmination of its support to 2018 Innovation Award winner who bagged N$1 million (US$67K). Other than the cash-prize, DBN has provided an extensive range of support activities to the company, including recipe development, testing and refinement as well as barcode acquisition to enable the company to gain shelf space in local…

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Innscor Africa’s full year profit nearly grows to triple digits 97% reaching US$10m

ZIMBABWE – Diversified group, Innscor Africa Limited has reported a revenue of ZWL23.938bn (US$66.14m) for the year ended June 2020, representing a 24% increase on the comparative year. The revenue growth, according to the group was achieved on the back of mixed volume performance, the gradual removal of subsidies on most products, as well as inflation-induced price adjustments. ­“The group’s associates delivered a pleasing increase in earnings with all business units contributing positively to the overall result.” Innscor Africa Chairman – Mr Addington Chinake ­The group’s improved product mix, coupled…

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Chocolate manufacturer Barry Callebaut set to launch range of vegan and diary free chocolates

SWITZERLAND – Barry Callebaut, a chocolate and cocoa giant, is set to launch a Plant Craft range of vegan and dairy-free indulgent chocolate, cocoa and nut products for food and beverage manufacturers to keep pace with increasing consumer demand for healthy and indulgent products. Earlier this year Barry Callebaut launched a 100 percent dairy-free milk chocolate coined “M_lk Chocolate” as part of Plant Craft, which has been developed to satisfy the growing demand for plant-based indulgence, particularly among Millennials and Gen-Z’s. It is part of a wider portfolio of Plant…

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Ethiopia to open Coffee College to spearhead research, development and build capacity

ETHIOPIA – Leading coffee producing country in the region, Ethiopia is set to build its first institution of higher learning focusing on the coffee industry, that will deliver courses and conduct research. To be established with an investment of 50 million euros, the institution known as Coffee College, is scheduled to start delivering the courses in the first quarter of 2021. According to Addis Fortune, it will offer six courses at the undergraduate level i.e. Roasting, Trading and Branding; Metal & Engineering; Power & Decentralized Power Generation; Water & Water…

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Ghana’s President Akufo-Addo commissions new beverage factory under 1D1F initiative

GHANA – President Nana Addo Dankwa Akufo-Addo of Ghana has commissioned the Kasapreko Water, Juice and Soft Drinks Factory, a company operating under government’s 1-District-1-Factory initiative. At a ceremony at the premises of the company at Kwadaso, in the Ashanti Region, President Akufo-Addo noted that the establishment of the factory is a concrete manifestation that the new paradigm of economic development of insisting on value-addition industrial activities within a conducive and business-friendly environment, can make headway. “I am particularly pleased that a successful and innovative company like Kasapreko is finding…

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COCOBOD inks US$1.3 billion syndicated loan facility with participation of 4 local banks

GHANA – The Ghana Cocoa Board (COCOBOD), in collaboration with a consortium of international and local financiers, has inked an agreement for a US$1.3 billion syndicated loan facility for 2020/202 cocoa crop season. The facility, the largest soft commodity deal in sub-Saharan Africa, will be used to finance cocoa purchases and related operational activities for the season. The signing of the Pre-Export Trade Finance Facility for cocoa purchases for the 2020/2021 crop year took place at a virtual signing ceremony held on Tuesday, September 29th September 2020 in Accra, Ghana.…

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US largest supermarket The Kroger appoints Gabriel Arreaga as new senior vice president

USA – The Kroger Co., United States’ largest supermarket by revenue, has appointed Gabriel Arreaga as the new senior vice president of supply chain effective Oct. 1. Mr. Arreaga will succeed Robert Clark, who will retire on Feb. 1, 2021, after 35 years of service, most recently as senior vice president of supply chain, manufacturing and enterprise sourcing. As senior vice president of supply chain, Mr. Arreaga will be responsible for Kroger’s entire supply chain organization, which includes logistics, inventory and replenishment. Prior to joining Kroger, he was senior vice…

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