Grocery platforms Getir, Everli to expand operations after successful funding rounds

EUROPE – Europe-focused grocery platforms Getir and Everly have successfully completed their respective funding rounds, as they look to expand their operations and enter new markets. Getir completed a US$300 million Series C funding round which was led by Sequoia Capital and repeat investor Tiger Global. According to a statement from the company, the funds will be used to support its growth in Turkey and the UK.  Istanbul-based Getir entered the UK market in January this year, launching in parts of central London. The technology company offers a ten-minute grocery…

Read More

Yum Brands, Land Weston announce new investments to expand capacity in China

CHINA – Fast food restaurant licensee Yum China and French fries processor Land Weston have announced new investments that will see them expand their respective capacities in China. In a statement, Yum China, the owner of exclusive rights to fast food restaurants such as KFC, Pizza Hut and Taco Bell in China, said it will invest US$27.9 million in the construction of a new logistics hub in Chengdu, China. The company says that the new hub will significantly enhance the firm’s supply chain capabilities and cold chain logistics service in…

Read More

Kenya’s Kapa Oil Refineries partners with Sheffield Africa to build cold chain facility for margarine storage

KENYA – East Africa’s leading Commercial Kitchen, Laundry and Cold Room solutions provider, Sheffield Africa has completed the installation of a 720sqm cold chain facility for Kapa Oil Refineries Limited for bulk storage of margarine. According to the report by Business Daily, it is split into two 360sqm temperature-controlled cold-room with a multistage racking where products can be stored at four levels. It has a RACK refrigeration system with inverter technology that reduces power consumption of the whole plant by between 20 percent and 25 percent, and fully automatic sectional…

Read More

Simbisa Brands showcases stellar performance recording triple digit rise in revenue

ZIMBABWE – Simbisa Brands, Zimbabwe’s largest fast-food restaurant operator has reported a 101% rise in the group’s half year revenue for the period ended 31 December 2020 to ZWL 8 billion (US$22.1m) from ZWL 3.9 billion (US$10.7m) of the corresponding period in 2019. The growth in earnings was reflected in its home country Zimbabwe, recording a 44% rise in revenue mainly driven by a 56 percent increase in average spend despite customer counts falling by 7% year on year. Its overall operating profit increased by 75% while profit attributable to…

Read More

New law seeking to regulate toxic metals in baby food tabled in US parliament

US – A new law seeking to establish new maximum levels of toxic metals baby food has been tabled by legislators in the US Parliament in an effort to protect the health of the country’s youngest population. Formally introduced as The Baby Food Safety Act of 2021, the bill particularly aims to regulate the levels of inorganic arsenic, lead, cadmium and mercury found in baby food and cereal products. All of these heavy metals have been linked to cancer, chronic disease and neurotoxic effects, but it’s the damage that can…

Read More

Sofina Foods, Agrana make new acquisitions to expand capacity, market share

US/JAPAN – Canadian manufacturer of primary and further-processed protein products, Sofina Foods has agreed to acquire seafood and pork provider Eight Fifty Food Group from funds managed by private equity firm CapVest Partners. Founded in 2019 following the acquisition of Young’s Seafood by CapVest-owned Karro Food Group, Eighty Fifty has grown into an international multi-protein food group, employing 8,300 people across 23 manufacturing sites.  Its acquisition is expected to complement Sofina Foods’ North American platform, with Eight Fifty CEO Di Walker continuing to lead the business under the new ownership.…

Read More

Bolt timely launches food delivery service in Kenya amidst restrictions curtailing restaurants operations

KENYA – Ride-hailing firm Bolt has officially launched its food delivery service, Bolt Food, in Nairobi, Kenya. This comes months after the Estonian company hinted of diversifying its operations in the East African nation, with an advertisement of a Country Manager job position in August. According to the company, the new service will give users access to a huge variety of restaurants and menus at the tap of a button as well as boost the customer base for various restaurants. The launch is timely and gives Kenyan eateries a base…

Read More

Pilgrim’s Pride issues US$1B sustainability-linked bond as Vertical Farmer AeroFarms gears up for public listing

US – American multinational food company Pilgrim’s Pride has announced a US$1 billion sustainability-linked bond tied to the company’s Sustainability Performance Target (SPT) of reducing its greenhouse gas emissions by 30% by 2030. Bloomberg reports that the interest rate on Pilgrim Pride’s new bond will climb 25 basis points if the company fails to prove through a third-party verification service that it hit its sustainability targets. The new US$1 billion sustainability-linked bond can be interpreted as Pilgrim’s Pride attempt to put its money where its mouth is when promising improved…

Read More

Rwanda based sustainable cooling centre ACES receives US$3.5m funding to spearhead operations

RWANDA – The Africa Centre of Excellence for Sustainable Cooling and Cold Chain (ACES) in Rwanda has received US$3.5 million funding boost from the Department for Environment, Food & Rural Affairs (DEFRA) of UK. ACES was established in 2020 by the Governments of Rwanda (GoR) and the United Kingdom (UK), UNEP’s United for Efficiency initiative, the Centre for Sustainable Cooling, and a range of academic institutions i.e., University of Rwanda, University of Birmingham, Cranfield University, London South Bank University and Heriot Watt University. The cooling centre aims to help get…

Read More

Shoprite offers uncompromised indulgence with launch of premium food range endorsed by SA’s top Chef

SOUTH AFRICA – Shoprite owned Checkers, has launches an exclusive new premium food range called Forage & Feast, consisting of only the finest quality ingredients. This unique range includes some of the very best foods which have, until now, typically only been found at speciality delis and food emporiums, consisting of only the finest products to deliver uncompromised indulgence. Standout products include an authentic Sicilia passata sauce made with sun-ripened Datterino tomatoes; vinegar made from Italian Prosecco; rusks made with real butter and filled with wholesome ingredients such as almonds…

Read More