African Water Facility receives US$8.8m grant from NDF to bolster investments in water supply in Africa

AFRICA – The Nordic Development Fund (NDF) has approved US$8.8 million in grant issued to the African Water Facility (AWF) to bolster investments in COVID-19 recovery and preparation for investment of water supply, sanitation, and integrated water resources management projects in the Sahel and the Horn of Africa. The AWF is a Special Fund established in 2005 by the African Ministers’ Council on Water (AMCOW), and hosted and administered by the African Development Bank while the Nordic international finance institution established by Denmark, Finland, Iceland, Norway and Sweden in 1988,…

Read More

UAC of Nigeria names Funke Ijaiya-Oladipo as its new Chief Financial Officer

NIGERIA – UAC of Nigeria Plc, a leading diversified company operating in the food &beverage, animal feed and Quick Service Restaurant sector has appointed Funke Ijaiya-Oladipo as Chief Financial Officer replacing Mr Ibikunle Oriola, who has tender in his resignation in the company with effect from December 31, 2020. Accepting the resignation, the board thanked Oriola for his services and wished him well in his future endeavours. “The successor, Ijaiya-Oladipo, is a high-achieving, results-driven, finance professional. She has over 13 years’ corporate finance and capital markets experience,” indicated UAC. She…

Read More

Dutch food company Royal A-ware acquires milk powder towers from FrieslandCampina

BELGIUM –Dutch dairy company Royal A-ware has agreed to buy FrieslandCampina’s milk powder towers in Aalter, Belgium in an effort to expand its dairy portifolio. With roots stretching back to 1890, Royal A-ware is a traditional family-owned food company that offers a range of products in the cream, cheese and fresh dairy categories. As a result of the acquisition, Royal A-ware intends to take over the milk powder production of the Aalter plant – which reportedly has a capacity of approximately 45,000 tons – from FrieslandCampina. In a statement, Royal…

Read More

Ferrero partners Loop, Carrefour to explore reusable cans for its Nutella brand

FRANCE – Italian manufacturer of branded chocolate and confectionery products, Ferrero has partnered with Carrefour and Loop to roll out reusable jar for its Nutella brand. The partnership is in line with Ferrero’s 2019 plans to make all its packaging 100% reusable, recyclable or compostable by 2025. To support this objective, the company has joined forces with the two companies to implement the pilot scheme for its Nutella brand in Paris, France. The new jar was developed by Ferrero in partnership with reuse platform Loop and is specially designed with…

Read More

Ethiopian company ventures into water bottling business with US$2.5m investment

ETHIOPIA – Local Ethiopian company, Mulugeta Mekonnen Melesse has joined the competitive water bottling industry in the country with an investment of 100 million Br (US$2.5m) for the establishment of a plant. According to reports by Addis Fortune, the facility located in Amhara Regional State, northern Ethiopia is spread across 4,000Sqm of land and is 50% complete. Expected to be finalized by mid next year, 2021, the company has so far drilled two water wells each 25m deep to feed the plant which will have a production capacity of 24,000lt…

Read More

Israeli animal-free dairy company Remilk raises US$11.3m to support global expansion drive

ISRAEL –  Remilk, an Isreali animal free startup, has raised US$11.3 million in a funding round led by FreshFund and participated in by other investors including OurCrowd, CPT Capital, ProVeg. Food manufacturers Hochland, Tnuva and Tempo also participated in the round which according to a report by FoodBev was oversubscribed. Remilk said in a statement that the funds will be used to support a global launch of its animal-free dairy products. The animal free products are made through a microbial fermentation process which Remilk says produces ‘identical’ dairy proteins, which…

Read More

Ghana adds rice on local commodity exchange in efforts towards becoming self sufficient

GHANA – The Ghana Commodity Exchange has added rice contracts to the number of commodities traded on the GCX electronic trading platform. Established two years ago to help transform and standardise commodity trading in the country, GCX has listed maize, soya bean, sorghum and sesame contracts for trade and with the addition of rice, it brings the total number of commodities traded to five. The move is expected to boost local rice production and consumption as government works to put a moratorium on rice importation by 2022. The country currently…

Read More

Indian bread & biscuits maker Mrs Bectors Food raises over US$73m in successful IPO listing

INDIA – Mrs Bectors Food Specialities Limited, a leading supplier of bread and biscuits in India has raised over US$73 million a few hours after its IPO went live in the Indian stock Market. Mrs Bectors is a leader in India’s pastries segments producing biscuits under the ‘Cremica’ brand and selling a wide range of biscuits such as cookies, creams, crackers, digestive biscuits, and an array of premium breads under the ‘English oven’ brand. Mrs Bectors Food which is also a supplier of buns to quick-service restaurant (QSR) chains such…

Read More

Kenya ventures into lucrative edible insects market with publication of national standards

KENYA – Kenya has established the world’s first national standards regulating the production, handling and processing of insects for food and feed. The Kenya Bureau of Standards (KEBS) has approved the regulations which were published in the Kenya Gazette. According to reports by Capital fm, the standards provides the requirements guiding the farmers on the rearing of insects including the conditions that will ensure the safety of the harvested produce. It also provides the necessary minimum infrastructural and environmental requirements necessary for optimal production of edible insects. In addition, it…

Read More

US Food and Drugs Administration approves first genome-altered animal for human consumption

US – The US Food and Drug Administration (FDA) has approved genome-altered pigs for human consumption, a first for the food industry in the globe. The approval was granted to the regenerative medicine company Revivicor, which intends to sell meat by mail order, rather than supermarkets The pig’s genome is said to be altered through a method called intentional genomic alteration (IGA) for the purpose of eliminating the alpha-gal sugar on the surface of the pigs’ cells,  a substance that people with alpha-gal syndrome (AGS) may have a mild to…

Read More