New Zealand dairy giant Fonterra embarks on a journey towards a future without coal

NEW ZEALAND – Fonterra, New Zealand’s premier dairy cooperative, is finally embarking on a journey towards a future where it does not rely on coal for its energy needs. Fonterra said it has been working on its transition to renewable energy and said it can, and will, get out of coal, with a couple of practical constraints. The company however admitted New Zealand’s Climate Change Commission’s pathway to ending coal use by 2037 is ambitious and will be challenging to meet. At the moment, Nine of Fonterra’s 29 sites use…

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French dairy company Sodiaal sells German cheese business to Meggle, Fonterra completes sale of two China farms

GERMANY – French dairy company Sodiaal has sold German cheese company Stegmann Emmentaler Käsereien GmbH to Meggle Group GmbH. The acquisition comes just a month after the French dairy company bought a 51% controlling interest in Yoplait S.A.S. from General Mills In exchange for the 51% stake it gave to Sodiaal, General Mills got a full ownership of the Canadian Yoplait business and a reduced royalty rate for use of the Yoplait and Liberté brands in the US and Canada. In a statement, Meggle said the acquisition of Stegmann sustainably…

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Starbucks expands reusable cup program in US to cut down on waste

US – American multinational chain of coffeehouses and roastery reserves Starbucks is expanding its reusable cup program in the United States in an effort to reduce single-use cup waste. The coffeehouse company said that the borrow-and-return program will run in five Seattle stores for two months as it gauges the viability of the program for a possible wider roll-out in future. The trial program called Borrow A Cup program allows customers to order their beverage in a reusable cup, each replacing up to 30 disposable cups. According to Starbucks, for…

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Cadbury Nigeria reports 10% decline in full year revenue while Unilever Nigeria registers 2% top-line growth

NIGERIA – Cadbury Nigeria, subsidiary of snack and confectionery firm Mondelez International has reported a 10% decline in full year revenue for the period ended December 2020, to N35.41 billion (US$86.5m). The decline, according to Naira Metrics was occasioned by the decrease in domestic and export sales, spearheaded by the impact of COVID-19, which further affected its profits. The maker of hot chocolate beverage suffered an 83% decline in profit to N172.67 million (US$422,000). Cadbury’s profitability thrives on high volume and high revenue as FMCG profit margins are usually rather…

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ITFC, OCP Africa partner to build Côte d’Ivoire’s rice value chain, Malawi government plans US$40m rice scheme

CÔTE D’IVOIRE – The International Islamic Trade Finance Corporation (ITFC) has partnered with OCP Africa to support 20,000 rice farmers in Côte d’Ivoire’s agriculture value chain, to boost local agricultural production, minimize exposure to imports and advance food security in the country. The initiative will be undertaken trough OCP Africa’s Agribooster Program with participation from the Arab Africa Trade Bridges (AATB) Program, a multi-partner program led by ITFC. The agreement was signed by Dr. Mohamed Anouar Jamali, Chief Executive Officer of OCP Africa, a subsidiary of OCP Group, and Eng.…

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Nestlé’s new plant-based food processing facility in Malaysia to support alternative proteins adoption in Asia

MALAYSIA – World’s largest food company Nestlé has inaugurated a new production site for plant-based burgers, schnitzels, mince, and more in Shah Alam, Malaysia in an effort to support the current wave of alternative protein foods that is currently happening in Asia. According to Nestlé, the new facility has the capacity to produce 8,000 tons of plant-based food a year and will supply both foodservice and retail with the new Harvest Gourmet brand. Plant-based diet is now in vogue in Asia just like in many other parts of the world…

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Mozambique’s Bananalândia Group eyes bigger banana export market, opening US$20m processing unit

MOZAMBIQUE – Bananalândia Group, a major producer and exporter of bananas in Mozambique has inaugurated its new US$20 million production and processing unit in Maputo province, South of the country. The new unit according to Club of Mozambique, uses modern equipment to plant banana palms and occupies an area of 900 hectares. It currently employs 1,000 workers, with an annual production capacity of 3.5 million boxes for export, reinforcing Mozambique’s lead position in the regional banana market. Over the last decade, much has been done to make the country a…

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NBL treats Namibians abroad with iconic Windhoek Lager, commemorating 31st independence of diplomatic missions

NAMIBIA – Namibia’s leading beer maker Namibia Breweries Limited (NBL) has donated 340 cases of Windhoek Lager, valued at close to N$ 100 000 (US$6,800) to the Ministry of International Relations and Cooperation (MIRCO), in celebration of the 31st independence of Namibian diplomatic missions abroad, officially commemorated on 21 March 2021. According to the subsidiary of the Ohlthaver & List (O&L Group), the Windhoek Lager consignment will be dispatched to the diplomatic missions of Namibia across the globe. The brewer has chosen to use its iconic premium lager to be…

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SAB to launch new B-BBEE scheme with US$371m worth of AB InBev’s shares

SOUTH AFRICA – The South African Breweries (SAB), subsidiary of AB InBev is set to launch its new B-BBEE scheme SAB Zenzele Kabili which will own R5.4 billion (US$371m) worth of the parent compay’s shares, after the maturation of its SAB Zenzele in May 2021. SAB Zenzele is the largest B-BBEE scheme in the history of South Africa in the fast-moving consumer goods sector, with a total maturation value of R9.7 billion. Launched in 2010, the landmark scheme transaction endeavoured to give the company’s retailer partners – taverners, bottle store…

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