Stevia sweetened soda brand Zevia secures US$200m funding from Canadian investment firm
US – Zevia, a Stevia sweetened soda brand, has closed a US$200 million minority investment…
Month: December 2020
US Food and Drug Administration approves use of “Potassium Salt” on ingredient labels
US – The United States Food and Drug Administration (FDA) has approved the use of…
Indian foodtech unicorn Zomato raises US$660m in a primary financing round even as it prepares for 2021 IPO
INDIA – Zomato, one of India’s most promising unicorns, has raised US$600 million in a…
Kenya lifts ban on Ugandan sugar, limits imports to 90,000 tonnes annually
UGANDA – Ugandan sugar millers can finally breathe a sigh of relief following the lifting…
Nestlé launches plastic waste recycling program in Ethiopia
ETHIOPIA – In an effort to achieve Carbon neutrality by 2021, Nestlé Ethiopia has launched…
Troubled times ahead for South African Brewers as state reintroduces ban on Alcohol
SOUTH AFRICA – The escalating Covid-19 pandemic in South Africa has pushed the government to…
Sub-Saharan Africa’s largest rice mill to be complete in Q1 2021- Lagos State Government
NIGERIA – The Imota Rice Mill, touted by the Lagos State Government, as one of…
Kenya enacts new tea regulation bill as agency declares US$6.73m dividend for tea farmers
KENYA – The push for reforms in Kenya’s tea sector culminated in the signing into…
Russia mulls banning Moroccan tomatoes over safety concerns
MOROCCO – The Russian Federal Service for Veterinary and Phytosanitary Surveillance has announced that it…
Brewing giant AB InBev to sell stake in U.S. metal container plants for US$3B
US – Belgium based multinational drink and brewing company AB InBev has announced plans to…
Swiss milk processor Emmi sells stake in Spanish goat’s cheese manufacturer Lácteos Caprinos
SPAIN – Emmi Group, a leading swiss milk processor, has announced the sale of its…
Hormel Foods opens a new state-of-the-art meat production facility in US
US – American multinational food company, Hormel Foods is expanding its meat processing capacity with…
Swiss food giant Nestlé to inject US$100m in expansion of US frozen food facility
US – Swiss food manufacturing giant, Nestlé has announced that it will invest more than…
Egypt to establish commodity exchange company in 2021 to control food prices
EGYPT – The Egyptian government is in the process of establishing first commodity exchange company…
Rwanda launches new solar powered irrigation project to benefit over 24,000 fruit and vegetable farmers
RWANDA – Agricultural activities in Rwanda’s Ngoma District have received a major boost following the…
Internet penetration, COVID-19 make online food ordering popular in India, growth expected to reach US$8B in 2022- Google
INDIA – The online food ordering sector is arguably one of the few sectors that…
India’s UFlex to double aseptic liquid packaging production capacity amid growing global demand
INDIA – UFlex Limited, a pioneer in the manufacturer of aseptic liquid packaging in India…
Contribution of Agriculture to Africa’s economy could triple if proper investments were made into the sector – AFEX
NIGERIA – Agriculture has for a long time been viewed as a traditional low productivity…
Baxters Food Group buys contract manufacturer Truitt Bros to expand US operations
USA – Scottish food producer, Baxters Food Group, has acquired US-based contract manufacturer Truitt Bros…
USAID-funded West Africa Trade & Investment Hub partners with Koster Keunen to promote bee keeping in West Africa
WEST AFRICA – Koster Keunen, one of the world’s leading processors, refiners and marketers of…
Campina brand to be produced entirely using green energy supplied by FrieslandCampina’s dairy farmers
NETHERLANDS – The Dutch dairy co-operative, FrieslandCampina has announced that all its Campina brand products…
Agricultural trader ETC Group acquires US$70m financing from FMO
KENYA – Agri Commodities and Finance (ACF), the main trading company of Export Trading Company…
Kioo Limited glass container manufacturer gets US$10m loan from IFC
TANZANIA – Tanzania glass container manufacturer, Kioo Limited has acquired a US$10 million working capital…
Hindustan Foods’ subsidiary to channel US$16.9m worth of investment in new manufacturing plant
INDIA – Hindustan Foods Limited (HFL), one of India’s leading FMCG firms is seeking to…