UN launches competition seeking to identify 50 most impactful small food business in the World

GLOBAL – The UN Food Systems Summit has announced a competition to identify the best small and medium-sized enterprises (SMEs) from across the world who are transforming food systems for a better tomorrow. Named “Best Small Business: Good Food for All”, the competition will be seeking to identify 50 SMEs worldwide leading the charge for more sustainable, inclusive and resilient food systems. Additionally, through the Competition, the Summit will also be able to identify ways in which they can be supported to scale up their trades sustainably. According to a…

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South Africa’s sugar production to rise by 3% in MY 2021/22 as local consumption stabilizes

SOUTH AFRICA – South Africa’s sugar production in the 2021/2022 marketing year is expected to increase by 3 percent to 2.2 million Metric Tons (MT), from 2.1 million MT of the previous corresponding period. The rise according to a GAIN report prepared by USDA is based on the increase in quantity of cane delivered to the mills, a longer milling season, and consistent mill efficiencies. According to the report, sugar cane crop will increase by 3 percent to 18.8 million MT in the period under review, up from 18.2 million…

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Valusect invests in 17 SMEs to bolster development of insect protein market in Northern Europe

EUROPE – ValuSect, a European insect production project, has announced that it will invest over US$572 million in supporting 17 small and medium-sized enterprises (SMEs) located in North-West Europe to develop their insect-based food business. The 17 selected SMEs are located in the UK (6), the Netherlands (6), Germany (2), Belgium (1), Switzerland (1) and France (1) and are expected to receive support in form of services which include technological food development and innovation, consumer acceptance and strategic business services. According to a report by Food Ingredients first, each of…

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Cameroon boosts coffee value chain with launch of ultra-modern processing plant

CAMEROON – Cameroon has inaugurated a giant and ultra-modern coffee processing facility in the Northwest region with a processing capacity of one ton of green coffee beans per hour. The plant was established under the second phase of the Grassfield Rural Infrastructure and Participatory Development Support Project, with funding worth FCFA 300 million (US$554,000) from the government of Cameroon and the African Development Bank. According to reports by Business in Cameroon, the facility will enable the coffee producers of the North West Cooperative Association to add value to their coffee…

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Olam Food Ingredients to acquire US private label spices manufacturer Olde Thompson for US$950m

US – Olam Food Ingredients has announced that it is acquiring Olde Thompson, a leading US private label spices and seasonings manufacturer, at an enterprise value of US$950 million. The company said the acquisition was made through its wholly owned subsidiary Olam Holdings Inc. According to a statement by the Singapore based firm, the acquisition aligns with its vision and accelerates its growth strategy of delivering sustainable, natural, value-added food and beverage ingredients and solutions. Established in 1944, Olde Thompson operates two highly automated bi-coastal facilities in Bayonne, New Jersey…

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Carrefour Kenya takes over Shoprite’s space at Garden City mall, opens 13th outlet

KENYA – Carrefour Kenya, has opened its 13th store in Kenya at the Garden City mall, taking over the space previously occupied by the exited South African retailer, Shoprite.  The new store is its second on the bustling Nairobi-Thika highway, joining the outlet at Thika Road Mall. According to the supermarket chain owner, the new branch will operate as a Carrefour Market focusing on stocking a wide range of food items and selected non-food items alongside small electrical appliances. It is set to create both direct and indirect job opportunities…

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South Africa’s food rescue organization SA Harvest delivers 5 million meals in 18months to vulnerable communities

SOUTH AFRICA – SA Harvest, a non-profit organization that seeks to eliminate hunger and food waste in South Africa has attained a significant milestone of delivering over 5 million meals to where it’s needed most in just 18 months. According to the organization over 1,500 tons of nutritious food has been rescued from ending up in landfill and delivered to food vulnerable communities in Johannesburg, Cape Town, Durban, the Free State and Mpumalanga, at an average rate of around 277 000 meals per month. Established in October 2019 with an…

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Unilever records 5.7% sales growth in Q1, announces US$3.6bn share buyback program

UK – Consumer packaged goods giant Unilever has reported a 5.7% growth in sales for the quarter ending March 31st as strong performance in emerging markets offset declines in Europe, where volumes were impacted by lockdowns. Emerging markets grew 9.4% driven by strong double-digit growth in China and India, following strict lock-downs in the prior year. Latin America grew high-single digit while South East Asia declined, driven by Indonesia. Developed markets, on the other hand, grew 0.8%, with mid-single digit growth in North America offset by a decline in Europe.…

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After excelling in plant-based beef, Beyond Meat now eyes the plant-based chicken market

US – Beyond Meat has announced plans to launch a chicken alternative this summer, more than a year after it pulled its frozen chicken-strips from shelves. The chicken strips were the first plant-based meat alternatives that the company first produced when it entered the market back in 2012. The company however decided to stop their production because they “weren’t delivering the same plant-based meat experience as some of our more popular products, like the Beyond Burger and Beyond Sausage.” But as a public company looking for growth, expanding beyond beef…

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Jumia Ghana names Tolulope George -Yanwah as new CEO

GHANA – Africa’s Leading e-commerce platform, Jumia has announced the appointment of Tolulope George-Yanwah as the new Chief Executive Officer of its Ghana operations. She takes over the leadership from Diana Owusu-Kyereko who was at the helm of the company since January 2020. Tolulope brings a pool of experience; having held other management roles in Jumia such as Country Manager and VP of Jumia Logistics, Last Mile Expansion Manager, and Regional Dispatch Operations Manager. Prior to her appointment, she was the Country Manager for Jumia Logistics in Nigeria from February…

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