JBS subsidiary opens new bacon plant in Missouri as Heck UK invests in sausage and burger capacity expansion

US – Swift Prepared Foods, a subsidiary of JBS USA, has expand its manufacturing footprint in the United States with the commissioning of a new bacon processing plant in Moberly, Missouri. The JBS subsidiary is a consumer packaged goods (CPG) company focusing on protein-centric prepared foods in both private label and branded offerings. According to a statement from the company, the US$68 million facility will produce fully cooked bacon and employ approximately 200 workers. Tom Lopez, Swift’s president and chief operating officer, said the central location and local support for…

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British brewing giant champions diversity and inclusion initiative with launch of new program for spirits industry

UK – Diageo, a leading multinational alcoholic beverage company, has cofounded a diversity and inclusion initiative aimed at extending the gains achieved in its business to the rest of the global spirit industry. Other cofounders are  Dia Simms and  Erin Harris, two respectable American business executives that played a leading role in in elevating Combs’ wine and spirits brands, such as CÎROC Ultra-Premium Vodka. The two are now partial owners of Saint Liberty Whiskey and are the founders of spirits advisory and investment company, Hands. Dubbed Pronghorn, the initiative is…

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Retail group Shoprite adds solar-powered refrigerated rigid trucks to its fleet, reduces carbon footprint

AFRICA – The Shoprite Group, an investment holdings company specialized in consumer retail, has announced the addition of 39 solar-powered refrigerated rigid trucks to its existing solar-powered fleet of 749 trailers, by the end of June 2021. At present, the group has a total fleet of 855 trucks and 1 247 trailers of which 749 are solar-powered trailers, 473 are refrigerated trailers and 276 units are not refrigerated, but the tail lift is powered by solar energy. The leading retailer also has 89 rigid trucks with diesel powered refrigeration of…

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Egypt based Agri-Fintech Mozare3 closes pre-seed funding round led by Algebra Ventures

EGYPT – Egyptian Agri-Fintech platform Mozare3, has closed a seven-figure pre-seed funding round led by Algebra Ventures and Disruptech Ventures, with participation from EFG-EV, and a group of reputable angel investors. Mozare3 aims to roll out multiple fintech offerings, one of which is the launch of credit solutions to finance purchases of different products for farmers and their families. The startup was founded in 2020 by Hussein Abou Bakr and Tamer El-Raghy to serve over 20 million small farmers in Egypt by providing them with access to markets and credit.…

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The Netherlands co-finances construction of agro-logistics center in Angola with US$73m

ANGOLA – Angola has signed a Memorandum of Understanding (MoU) with the Dutch government, on co-financing the implementation of an agro-logistics center in the province of Benguela. The construction of the logistics center, which will store, pack, transform and package agricultural products, targeted for the European market, will be co-financed by The Netherlands and Angola. To this end, the Dutch government will provide a credit line of up to 60 million euros (US$73m) to be channelled towards the establishment of the facility, serving the Port of Lobito. The agreement establishes…

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South African coffee chain Vida e Caffè to enter Ivorian market, expand presence in Ghana

SOUTH AFRICA – Vida e Caffè, one of South Africa’s largest independent chain of coffee shops and a supplier of beverage products and services to the corporate market, has clinched US$2.9 million investment from AfricInvest Private Credit. The investment will support the coffee house’s expansion in Ghana and further extend its footprint to Côte d’Ivoire adding a total of 42 new locations. The privately owned coffee brand had 350 stores as of May 2020 with 330 being in South Africa and 20 on the rest of the African continent i.e.,…

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Zambian Breweries welcomes quick meal producer Java Foods to its waste recycling initiative

ZAMBIA – Manja Pamodzi Limited, the recycling unit of Zambian Breweries, has signed a Memorandum of Understanding with Java Foods, producer of the country’s leading quick meal brands known as eeZee, to collect recyclable waste from its factory. Manja Pamodzi is a community-based initiative that supports a network of entrepreneurs who collect and sell post-consumer packaging waste in Lusaka as part of Zambian Breweries’ strategy to help improve the country’s solid waste management system. By joining the initiative, Java Foods is contributing to the Extended Producer Responsibility (EPR) framework designed…

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Barry Callebaut distributes non-cocoa seedlings to farmers to enhance biodiversity in cocoa-growing regions

SWITZERLAND – Barry Callebaut, a major cocoa processor and chocolate manufacturer, is scaling up its efforts to foster sustainable cocoa production by providdng millions of non-cocoa seedlings to farmers in the cocoa growing regions of Côte d’Ivoire, Ghana, Cameroon, Brazil, Ecuador and Indonesia. In Côte d’Ivoire, for instance, the chocolate supplier is on track to distribute close to one million seedlings in 2021, with species including cocoa, teak, mahogany, sugar palm, coconut and mandarin. To ensure sustainability of its program, Barry Callebaut has stocked its nurseries with both cocoa and…

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FrieslandCampina sells Russian dairy business to German dairy giant Ehrmann

RUSSIA – Leading Dutch dairy specialist FrieslandCampina has sold its Russian subsidiary Campina LLC to German dairy giant Ehrmann SE as part of its previously announced strategy to review its position in various markets. The strategic transaction is expected to allow FrieslandCampina to focus on consumer markets elsewhere while at the same time accelerating Ehrmann’s position in Russia. After completion of the transaction, Ehrmann will be the full owner of Campina and will manage the dairy production in Stupino, located in the Moscow region. Ehrmann is expected to further develop…

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Saputo expands portfolio with two strategic acquisitions as Nabati foods opens new manufacturing facility

CANADA – Saputo, a leading Canadian dairy company, has expanded its portfolio with two strategic acquisitions in the dairy alternatives and value-added ingredients sectors. Saputo is reported to have invested a total of CAD 187 million ($72.6 million approx) in making the two acquisitions which include Bute Island Foods and Reedsburg facility of Wisconsin Specialty Protein. Bute Island Foods is a manufacturer and distributor of vegan cheese for the retail and foodservice industries. The company, located on the Isle of Bute on the west coast of Scotland, produces the popular…

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