ADM to acquire soy ingredient company Sojaprotein to bolster position in alternative proteins market

SERBIA – Archer Daniels Midland (ADM) has announced plans to acquire Serbia-based non-GMO soy ingredients group Sojaprotein even as it looks to strengthen its position in the alternative protein sector.  Founded in 1977, Sojaprotein offers a variety of non-GMO soy ingredients for European and global customers in the meat alternative, confectionery, protein bar, pharmaceutical, pet food and animal feed segments.   Its acquisition will accelerate ADM’s growth in the alternative proteins space where it already has an impressive portfolio which includes a soy protein complex in Brazil; a pea protein plant in the US ; its PlantPlus Foods joint venture; and partnerships…

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South African alcohol manufacturers welcome lift of alcohol sale ban, tax payment deferment

SOUTH AFRICA – South Africa’s government has lifted a ban on liquor sales and relaxed other pandemic restrictions, moving to Adjusted Alert Level 3 lockdown, amid hope that the worst of the third wave of Covid-19 may be over. Its been a month since the country was placed under stricter lockdown restrictions aimed at reducing Covid-19 infections and easing pressure on the healthcare system. The decision to ease lockdown regulations comes amid a drop in Covid-19 cases, test positivity rates, and hospitalisations, which according to the News24, the average number…

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Zomato becomes first Indian unicorn to go public raising US$1.26B in successful IPO

INDIA – Food delivery start-up Zomato has become the first Indian unicorn to go public, successfully raising over US$1.26 billion in an IPO that was more than 38 times oversubscribed.  The food delivery startup which also lets users book tables and aggregates reviews for restaurants debuted in India’s National Stock Exchange (NSE) in July at ₹116 (US$1.56), a 53% premium over the IPO price of ₹76 (US$1.02), and closed at ₹125.8 (US$1.69) per share on its first day.  Zomato has said it will utilise the net proceeds from the fresh issue for funding organic and inorganic growth initiatives and general…

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Coca-Cola Beverages Africa partners with NGOs to support communities in Ethiopia, South Africa

ETHIOPIA – Coca-Cola Beverages Africa-Ethiopia, has signed a Memorandum of Understanding with a Non-Governmental Organization (NGO), Drop of Water, to provide access to clean water to more than 17,000 households. The initiative with a market investment of Birr 3 million will be undertaken through CCBA-Ethiopia’s unit, East Africa Bottling SC, in partnership with the benefiting community and local government. To be undertaken in the community of Bahirdar Zuria Woreda in the Mi’erab Gojam zone, the project will construct a reservoir and pipeline from a rehabilitated borehole. Also, it will undertake…

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Germany packaging equipment supplier KHS establishes modern regional center in Kenya

KENYA – KHS, an international manufacturer of filling and packaging equipment for the beverage, food, and non-food sectors, has broken ground for the construction of state-of-the-art center in Kenya. The regional hub, targeted to serve the East African community will feature a number of training and conference rooms, offices and a large warehouse for spare parts and installation tools. It is scheduled for completion in 2022, indicated KHS on a LinkedIn post. “Our growing KHS team will be perfectly positioned to continue its role as the reliable local partner on…

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UK consumers to face higher food prices as government regulations on junk food come into force

UK – The Food and Drink Federation (FDF) has warned that consumers will inevitably face higher food and drink prices if manufacturers are forced to absorb the cost of proposed Government policies during the next few years.  In the report, entitled ‘Eating into household budgets: the Government’s recipe for food price inflation’, the FDF estimates that proposed government policies around public health and sustainability will cost the national industry at least £8 billion (US$9.3 billion).    The association notes that if these were passed on directly to consumers, it would increase the price of…

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Heineken unveils new sustainable bar concept in effort to make the world “a little greener every day”

UK – Dutch multinational brewing giant Heineken has launched Greener Bar, a completely new entertainment experience designed to reduce waste, water, emissions and energy usage in the company’s event bars.  Heineken said that every element of the Heineken Greener Bar- from the uniforms of the staff to the soil and plant ballasts weighing the bar down – has had a life before or will have a life long after the bar is gone.  “From the coasters made from the spent grain of the barley used during the brewing process, through to the use of reusable and recyclable cups, everything is designed…

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Tropical weather forecasting company Ignitia closes US$ 4.2m financing round to fuel expansion

WEST AFRICA – Agtech company, Ignitia has closed a US$ 4.2m financing round led by Novastar Ventures with participation from IKEA Social Entrepreneurship, Future Foodways, Mercy Corps, Norrsken and Finca International. The funding will enable the company to extend its Sub-Saharan Africa footprint to new markets. It also represents another stepping-stone towards its 2030 mission to reach 200 million farmers. Ignitia, headquatered in Sweden, was founded in 2010 by three scientists from renowned research institutions such as NASA, who joined forces to address the seemingly impossible task of producing reliable…

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South Africa’s newly launched herbal tea brand Bospresso gains Rainforest Alliance certification

SOUTH AFRICA – South African beverage firm, BOS Brands, has launched a Rooibos espresso dubbed Bospresso. Rooibos also known as bush tea or red tea, is a herbal hot beverage drink originating from a leguminous plant, widely enjoyed in South Africa. The new product, according to reports by Bizcommunity, bears the little green frog seal, making it the first Bos product boasting of attaining the Rainforest Alliance certification. The Rainforest Alliance seal indicates that the product is produced using methods that support the three pillars of sustainability i.e., social, economic,…

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Confectionery giant Kenafric sweetens its gum portfolio with launch of activated charcoal chewing gum

KENYA – Eastern Africa’s leading confectionery manufacturer, Kenafric Industries, has straightened its innovation antennas and launched Africa’s first activated charcoal chewing gum. The product dubbed ‘Fresh Active’ is a teeth cleaning powerhouse, offering great oral healthcare while leaving a lasting cooling effect that enhances fresh breath. Its launch comes after two years of research and product formulation, which has led to the introduction of a gum aimed to gives one extra boldness every time he/she indulges in it. Activated charcoal is trusted globally due to its benefits of restoring correct…

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