Uganda’s top soda companies cut advertising expenditure by 75% in April – June

UGANDA – As the food & beverage sector globally continues to combat new daily challenges brought by the COVID-19 pandemic, Uganda’s soft beverage players incurred massive losses in the three months to June, leading to the companies cut their advertising expenditure by 75%. This was revealed in a report by Ipsos, a leader in market research, indicating that Uganda’s top three soda companies i.e. Coca-Cola, PepsiCo and Harris International, dropped advertising spending to Ush2.9b at the end of June from Ush11.5b at the end of March. The sector was impacted…

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Nigerian Breweries recognizes teachers’ efforts in ‘Maltina Teacher of the Year 2020’ award

NIGERIA – Nigerian Breweries through its Felix Ohiwerei Education Trust Fund has crowned Anani Oluwabunmi, an English teacher at Concordia College in Adamawa State, as the winner of the 2020 Maltina Teacher of the Year award. The Felix Ohiwerei Education Trust Fund was set up in 1994 with a startup capital of N100 million (US$262K) to enable sustained quality education through structured intervention in the sector. In 2015 the trust fund introduced the Maltina Teacher of the Year, a national competition to identify, honour and reward outstanding teachers in Nigeria.…

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World Bank provides US$230m for commercialization of agriculture in Angola

ANGOLA – The World Bank and the French Development Agency have made available US$230 million to support Commercial Agriculture Development Project (PDAC) in Angola. The four-component project will help reduce and, in some cases, do away with obstacles in the country’s agriculture, aimed at speeding up the process of commercialization, said the project’s coordinator, Pedro Dozi. Speaking to Angop, Dozi said that the objective is to help increase aggregate production per standard unit in the selected value chains and support the rise in average gross sales by agricultural / non-agricultural…

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AB-InBev beer sales bounce back in Q3 as consumers adjust to the new normal of drinking

BELGIUM – AB-InBev beer sales increased by 2.6% in Q3 as Consumers have quickly adjusted to the new reality by shifting to in-home consumption occasions. AB-InBev says this rise in beer sales translated to a 4% growth in revenues in 3Q20. Across the first three quarters of the year, however, revenue declined by 6.8% – hit by the pandemic – with revenue per hl growth of 1.6%. The brewer’s total volumes grew by 1.9% in 3Q20, with own beer volumes rising by 2.6% and non-beer volumes recording a 2.5% decline.…

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General Mills unveils new Fibre One protein range to cater for weight-conscious consumers

UK – America-based multinational food company, General Mills has expanded its Fibre One line of weight management snack bars with a new protein range in the UK. The protein bars are available in two varieties; cookies & cream and caramel, with the brand claiming that both flavours are “permissibly indulgent”. Each bar contains 90 calories, 10g of protein and 1g of sugar, as the brand aims to meet a range of lifestyle and dietary needs.  “Our research found 71% of Fibre One consumers are interested in protein, but are wary…

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Nutri-score impacts consumer purchase intentions- new study reveals

EUROPE – A new study conducted in Europe has revealed that having a Nutri-score on a product affected the shopper purchase intentions. Results of the study showed that shoppers expressed higher purchase intentions for healthy products carrying Nutri-Score, rather than those without it. However, the researchers noted, the same could not be said of unhealthy products: average purchase intentions for these foods were identical, whether the label was present or not. This suggests that Nutri-Score ‘has the potential to boost sales of healthy products’, said the researchers, while at the…

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My Corporate Journey – Stefan Lutz – African Milling School

Give us a brief history and relevance of the African Milling School We started this project 5 years ago. The aim was to bring millers in the region to operational excellence, because milling is not just having these beautiful machines around it; milling is all about adjusting the equipment and bringing the maximum out of grains; whether it’s wheat, maize etc. The maximum output out of any grain is obviously focused on flour extraction, and what does not go into flour goes into by-products and you obviously want to keep…

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Government of Ethiopia opens new abattoir targeting Export market

ETHIOPIA – The government of Ethiopia has inaugurated a new slaughter house in Eastern Ethiopia near the Somali border. The abattoir has a capacity to slaughter more than 3, 000 sheep and goats per day and 100 camels, targeting the export market. Other than earning the country foreign exchange the project will also create jobs for the locals. “On the outskirts of Dire Dawa, we inaugurated an abattoir that has been set up to export animal meat products. “This will not only enable it to earn foreign exchange by using…

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Olam introduces its premium Mama Gold rice brand in Ghana

GHANA – The Ghanaian subsidiary of Olam International has launched the first ‘Made in Ghana’ rice know as Mama Gold. According to reports by Ghana Web, the locally grown and sourced rice brand is aimed to bring more choices to consumers at an affordable price. Olam Ghana is leveraging its established operational infrastructure and wide sourcing network to collaborate with rice growers in the Volta, Ashanti, and Eastern Regions to produce and stock the product. “We are proud to be the first company to source from local suppliers and launch…

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Dairy Industry In Nigeria

Strategic moves by dairy industry players in the country show promise of a better future With a population of nearly 200 million, a livestock population of more than 20 million, milk deficit 1.2 million metric tonnes per annum that forces the country to spend US$1.5 billion a year to meet rising demand for milk and milk products, Nigeria stands out in Africa as the country with the most under-exploited dairy potential in the Continent. However, recent moves by the Central Bank of Nigeria (CBN) to restrict access to foreign exchange…

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