FanMilk Ghana launches NutriDay yoghurt fortified with Zinc to boost immunity

GHANA – Fan Milk Ghana, subsidiary of multinational food-products corporation Danone has launched a new yoghurt brand fortified with zinc dubbed NutriDay. The new drinkable yoghurt is aimed to meet the growing demand for healthy nutrition that boost the immune system as it also contains vitamin B2, vitamin A and calcium.  “We understand the challenges our people face in adopting healthy nutrition at home or on the go. We know that parents, especially mothers, are consciously looking for ways to create a better future for their children and families by…

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Dangote Sugar records 41.5% growth in revenue catapulted by surge in commodity price

NIGERIA – Dangote Sugar Refinery, one of Nigeria’s leading sugar processors has reported a 41.5% surge in first quarter (Q1) revenue, for the period ended March 2021, to N67.39 billion (US$164m) compared to N47.6 billion (US$116.4m) earned in the same period in 2020. The rise in revenue is attributed to increase in sales volume as well as an uptick in price, reports Naira Metrics. During the period under review, the sugar producer witnessed its sales value increase by 41.5%. The company has indicated that it had no choice but to…

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Chinese Institute of Food Science and Technology releases a group standard for Plant-based Food

CHINA – The Chinese Institute of Food Science and Technology (CIFST)has released a draft group standard for the Plant-based food sector. The new standard provides definitions, technical requirements, and guidelines on the labeling, packaging, transportation, and storage of plantbased meat alternative products. It defines plant-based foods as those produced through certain techniques using plant-derived raw materials (including algae and fungi) or their processed products as the sources of protein and fat, adding or not adding other ingredients. According to CIFST, such foods have one or more characteristics including shape, flavor,…

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Unilever shareholders vote in favour of climate action plan

UK – Consumer packaged goods company Unilever has revealed that an ‘overwhelming majority’ of its shareholders voted in favour of its climate transition action plan. The company first announced that it would seek shareholder approval for its plan back in December, claiming that it was the first ‘major global company’ to voluntarily commit to putting its climate transition plans before a shareholder vote. The vote took place at a virtual meeting on 5th May, in which Unilever intended to strengthen its engagement and dialogue with its investors. According to a…

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Carlsberg’s Danish brewery becomes the world’s most water efficient brewery

DENMARK – Danish multinational brewing giant, Carlsberg is inaugurating a new, revolutionary water recycling plant that recycles 90% of the process water at the Carlsberg brewery in Fredericia, Denmark. To achieve this great feat in recycling, the plant uses a new and innovative approach to cleaning and recycling process water where, among other things, UV-light is used to eliminate bacteria. Carlsberg Denmark Brewing Director, Anders Kokholm says that the recycling process is so effective that the process water ends up being clean enough to drink. He is however quick to…

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ETG Group receives US$100m financing from CDC Group to strengthen its supply chain

KENYA – Export Trading Co. (ETG), an agricultural conglomerate connecting smallholder farmers to global markets is set to receive US$100m debt commitment from CDC Group, a British development finance institution and impact investor. The financing will support the growth of ETG’s food and agriculture business and strengthen its food value chains by expanding its logistic networks, boosting agriculture yields and the production of staple foods such as grains, rice and cocoa. As part of the funding facility, CDC will support ETG’s ongoing efforts towards implementation and alignment with international Environmental…

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Nestlé Health Science to acquire functional hydration company Nuun

SWITZERLAND – Nestlé Health Science, the health and wellness division of Swiss food manufacturing giant Nestlé, has announced that entered into an agreement to acquire Nuun, a leader in functional hydration. Founded in Seattle, Nuun is a leading provider of healthy sports hydration that has built a loyal following of athletes and fitness enthusiasts over the past 16 years. The company pioneered the separation of electrolyte replacement from carbohydrates with its low-sugar electrolyte tablet which became a success, revolutionizing the sports beverage market. Nuun now has a broad range of…

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Senegalese bakery startup Mburu secures expansion capital from WIC Capital, WE! Fund

SENEGAL – Mburu, a Senegalese foodtech brand active in the production and marketing of breads and pastries, made from locally sourced raw materials, has secured no less than 243 million FCFA (US$450,000) funding, made up of a mix of capital and quasi-capital from WIC Capital and WE! Fund. Mburu uses millet, corn, and sorghum which are not commonly used by Senegalese bakeries, despite their nutritional value and local availability. To this end, the company has developed a whole range of bakery products to promote use of dry local cereals as…

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Coca-Cola Beverages Africa officially sets up business in Lesotho, acquires Maluti Mountain Breweries

LESOTHO – Coca-Cola Beverages Africa (CCBA) has now expanded its operations into Lesotho with the acquisition of Maluti Mountain Breweries’ interest in the soft drinks business and renamed it Coca-Cola Beverages Lesotho (CCBL). The deal was signed on 6 October 2020, and all the necessary regulatory approvals were obtained with reports by Bizcommunity indicating that the entity will commence distributing Coca-Cola products from May 2021. The non-alcoholic, ready-to-drink business in Lesotho will now operate as a subsidiary of CCBA, with management control. CCBA joins the Lesotho National Development Corporation (LNDC)…

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