IBM supports D4Ag Initiative for African startups in the agricultural sector

AFRICA – Information technology (IT) multinational IBM has announced its active support for the Digital4Agriculture Initiative (D4Ag), which aims to foster African startups in the agricultural sector and strengthen the long-term living conditions of local small-scale farmers by increasing productivity and quality. With the help of digital expertise from IBM Services and access to accurate weather data provided by IBM’s The Weather Company, D4Ag is helping more than 36 African agricultural companies become better prepared for the digital future. Small agricultural enterprises not only lack internet access and suitable hardware,…

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Olam uses pulp and skin of coffee cherry fruit to create novel superfruit products

UK – Olam Coffee- a subsidiary of global food and agri-business company, Olam International – has developed a range of novel superfruit products from the pulp and skin of coffee cherry fruit. The pulp and skin of the coffee cherry fruit is popularly known as Cascara and has been used for many years by coffee farmers to make tea infusions. Cascara is typically regarded as an unusable by-product by the coffee industry and composted for use as crop fertiliser, or discarded altogether. But Olam Coffee has found that the leftover…

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Canadian automation company ATS to acquire global food and beverage equipment supplier CFT Group

CANADA – ATS Automation Tooling Systems (ATS), a Canadian automation company has agreed to acquire global food and beverage equipment supplier CFT Group, for a total enterprise value of €166 million (about US$ 201.19 million). CFT which is based in Italy designs and produces turn-key machines and systems for the food and beverage sector. The company which was established in 1945 serves its global customer base through its portfolio of brands and eight facilities in Italy, Spain, Germany and Ukraine. With 140 patents, the company is a technology leader in…

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American consumer packaged goods company Post Holdings to acquire Peter Pan peanut butter brand from Conagra

US – Post Holdings, a leading American consumer packaged goods holding company headquartered in Brentwood, Missouri has agreed to acquire the Peter Pan peanut butter brand from Conagra Brands for an undisclosed sum. The Peter Pan brand named after the J.M Barry character has been operating in the US for over 100 years, offering a range of smooth and crunchy peanut butter spreads. All Peter Pan peanut butter products are currently co-manufactured by 8th Avenue Food & Provisions, an affiliate of Post Holdings. Prior to this agreement, Conagra opted to…

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Multinational dairy cooperative FrieslandCampina to cease powder production at two Dutch plants

DENMARK – Dutch multinational dairy cooperative FrieslandCampina has announced plans to discontinue the powder production at its Dutch plants in Dronrijp and Gerkesklooster by the April 2022. The plan to end powder production at the two facilities is the latest move under the dairy cooperative’s transformation strategy. According to a statement from FrieslandCampina, the Dronrijp plant – which currently produces several powder products for use in infant nutrition, medical nutrition and sports nutrition – will be closed as of 1 April 2022. The dairy company noted that that production at…

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Multisectoral firm in Ethiopia Yhaenu Plc ventures into packaging production investing US$3.15m

ETHIOPIA – Ethiopian agro-allied company, Yhaenu Plc has diversified its operations, venturing into production of packaging materials. The move, according to reports by Addis Fortune was triggered by the rise in local demand of packaging materials following increased investments and projects in the manufacturing sector. To this end, the company has invested close to Br 121 million (US$3.15m) in the establishment of a packaging making plant. The factory which is set to commence operations this month, will produce corrugated carton boxes mainly to be used for food products as well…

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Müller launches program to support sustainable dairy farming in UK

UK – Müller, a leading dairy company in Europe best known for its range of yogurts, has launched a new program to bolster sustainable dairy farming in the United Kingdom. Through the program, Müller says it will provide farmers with tools and support to help further improve supply chain collaboration, herd health and sustainability. Called Müller Advantage, the UK-based program, aims to help up to 600 Müller Direct dairy farmers operating “successful and progressive enterprises”, by addressing a number of issues. These include managing and further reducing the use of…

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Agriculture machinery firm AGCO renames it’s Zambia Future Farm

ZAMBIA – AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and solutions, has renamed it’s Zambia Future Farm to Martin Richenhagen Future Farm in honour of its long-tenured chairman, president and CEO who is set to retire in December 31 this year. “Mr. Richenhagen has staked his legacy on the continent of Africa, from investing in our parts warehouse facilities, opening our headquarters in Johannesburg, launching our Future Farm concept, introducing the Farm in a Box, and creating the AGCO Agribusiness Qualification initiative,” said…

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Unilever takes part in expansion of US$20m greenfield tea project in Rwanda

RWANDA – The Government of Rwanda has partnered with Unilever Tea Rwanda and The Wood Foundation Africa (TWFA) to commence the second phase of the Nyaruguru tea project in the Southern province of the country, injecting US$20 million in the developmental initiative. This comes after the successful completion of the first phase of the project which broke ground in 2017 and consisted of a 3,400-hectare smallholder catchment, supported by a dedicated farmer services company which operates an 800-hectare commercial plantation feeding the processing factory operated by Unilever Tea Rwanda. According…

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Kenya’s ice cream, chocolate maker Glacier Products clinches investment from EXEO Capital

KENYA – Glacier Products Ltd, one of Eastern Africa’s leading ice cream and chocolate confectionery manufacturers operating from Kenya has received an undisclosed amount of investment from EXEO Capital, a leading pan-African private equity investment manager, through its Food and Agribusiness fund, Agri-Vie Fund II. The financial and management backing, according to reports by Private Equity News, is aimed to steer the producers of renowned Dairyland ice-creams and chocolates, towards continued sustainable growth. Commenting on the investment Sunil Shah and Minesh Shah, Directors of Glacier, said, “We are delighted to…

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