PepsiCo’s Frito-Lay announces US$200m investment in US snack facility expansion

US – Frito-Lay, a division of US snack and beverage giant PepsiCo, has announced an investment of US$200 million into the further expansion of its Rosenberg site in Texas, US.  The new capital injection will be used to add two manufacturing lines for its onion-flavoured corn snack brand Funyuns and tortilla chips, as well as increase the capacity in its warehouse.  The expansion is in addition to a US$138 million investment in the site announced back in 2019 – which will see Frito-Lay add a new Cheetos line and new seasoning and packaging equipment.   The…

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Kenya increases allocation of Agriculture sector for 2021/22 by 5%

KENYA – Kenya’s National Treasury Cabinet Secretary Ukur Yatani, on June, 10th 2021 presented the 2021/2022 budget statement at a time when the global economy is emerging from recession due to the pandemic. The Ksh 3.6 trillion (US$33.3 billion) budget will see the government inject more funds to catalyse growth in the agriculture industry – one of the pillars in its Big Four Agenda. The sector, which experienced resurgent growth of slightly over 1% in the third quarter of 2020 mainly attributable to tea, fruits and sugarcane, has been allocated…

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Symrise opens new innovation center in Dubai to better serve Middle East clients

DUBAI – Symrise, a major producer of flavors for the food industry, has established a new innovation center in Dubai in order to deliver better taste solutions customized for the Middle East region.  The company is reported to have invested around €1 million (about US$1.2m) into the new facility that houses development, application, and sensory laboratories. Symrise says it aims to use the new center to support the development of consumer-led concepts and taste solutions for categories such as beverages, culinary, dairy, snacks and confectionery.  The dedicated application and sensory laboratories will particularly come in handy in supporting the teams in areas from marketing, sensory and consumer insights to…

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Tyson Foods bolsters sustainability efforts with new goal to achieve net zero emissions by 2050

US – Tyson Foods, the world’s second-largest processor, has set a goal of achieving net zero greenhouse gas emissions across its global operations and supply chain by 2050.  The US meat processor now joins a growing list of food companies such as Nestlé, Heineken, and Diageo that have ambitious net zero-emission targets.  Tyson however, is the first U.S.-based protein company to have an emissions reduction target approved by the Science Based Target initiative.  The transition to net zero – which includes scopes 1, 2 and 3 – marks an expansion of the…

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Bidco Africa expands product offering with launch of ginger flavoured Planet soda

KENYA – Kenya’s leading producer of consumer goods, Bidco Africa has unveiled a new variant of its Planet drink, coming in ginger flavour. The launch of the new carbonated soft drink is a show case of the company’s commitment in driving the country’s transformation agenda through a deliberate strategic direction and commitment towards enhancing Happy Healthy Living through innovations in manufacturing. Commonly known as Planet Tangawizi, the beverage joins the Plant range of products already in the market, i.e., Planet Orange, Planet Passion Pineapple and Planet Mixed Berries plus Planet…

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Kenya’s coffee export projected to rise by 3% on back of increased production, favorable prices

KENYA – Kenya’s most valuable cash crop, coffee, is projected to register a 7% rise in production in Marketing Year (MY) 2021/22 from 700 to 750 thousand bags. The rise, according to a report by USDA, will be realised on the back of good weather, better crop husbandry practices, and an anticipated high-producing period in Kenya’s coffee production cycle. Additionally, yields are projected to increase due to improved crop husbandry practices by farmers as growers rehabilitate their farms and increase inputs in response to improved prices. MY 2021/22 is also…

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Agrifood tech investor AgVentures backs Matrix Software South African software provider to meat industry

SOUTH AFRICA – AgVentures, Africa’s leading and dedicated agrifood tech investor, has made an undisclosed amount of investment in Matrix Software, a specialist software provider to the meat industry in Southern Africa. Matrix has more than 150 clients spanning from abattoirs, meat processors, wholesalers, and retailers. In addition to setting base in South Africa, Namibia, Botswana, Zimbabwe, Zambia, Nigeria and Seychelles, the company also operates in Australia. AgVentures’ investment ideally positions Matrix to continue its rapid growth through the introduction of new functionalities to existing clients and expanding into adjacent…

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IFF launches new solution to support clean label baking in South America

BRAZIL- IFF, a leading food ingredient supplier, has unveiled a new, innovative bakery solution aimed at helping South American bakers produce clean label bread and pastries.  Known as GRINDSTED® POWERBake Clean, the new solution is a blend of soy lecithin, enzymes, and natural soluble fiber and is an alternative to the dough strengtheners currently used in bread formulations. Its use, therefore, makes it possible to avoid the use of oxidizing agents that are traditionally used in bakery, some of which have names that consumers are unfamiliar with.  Hopping on the clean label bandwagon  With IFFs new ingredients,…

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SA, Nigeria and Kenya driving e-commerce volumes, demand of essential and nutritious food products in Sub-Saharan Africa

AFRICA – South Africa, Nigeria and Kenya have been identified as the top market contributors to e-commerce in Sub-Saharan Africa (SSA) over the last three years, with Ghana also showing growth, having replaced Kenya in the top three contributors in 2020. This is according to a recent white paper released by Visa titled ‘eCommerce developments across Sub Saharan Africa, indicating that although SSA may be one of the smallest regions of e-commerce globally, it shows steady growth potential. During the onset of the pandemic in 2020, the region saw new…

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JBS bounces back from cyber attack, announces major investments in US, Australia

US –  World’s largest meat producer JBS has come out strong from a cyber attack that almost paralyzed its North America and Australia operations, announcing major investments in the regions that were hit by the cyber attackers. Just a few days after paying an equivalent of US$11 million to prevent unforeseen risk from the cyber attack, JBS has said it is investing more than US$130 million in the U.S. beef industry to increase production capacity at two of its major beef processing facilities in Grand Island and Omaha, Neb.    The company is on schedule to complete a…

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