Kenya registers aggressive mushrooming of liquor stores, marginal recovery of retail sector in Nairobi

KENYA – Regional alcohol manufacturer, East African Breweries Limited, recently reported a 15% growth in revenue in its full year results with the Kenyan market contributing 66% of the total sales. Sales in the East African leading economy rose by 11 percent, particularly in spirits which was 24% for mainstream category and 24% for total spirits. The growth was registered despite the COVID-19 related restrictions on alcohol sales which have led to bars and clubs being momentarily closed, on and off ban of sale of alcohol in restaurants and eateries,…

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Arla Food Ingredient unveils new whey ingredient to support production of high protein yogurts

ARGENTINA – Arla Foods Ingredients has launched a whey protein ingredient allows manufacturers to develop spoonable and drinkable yogurts with a “significantly higher” protein content than typical products.   According to a statement from the company, the newly released Nutrilac FO-7875 helps meet the growing demand for premium, high-protein yogurts in the South American market and beyond.   The company said that the new whey product can be used to create a drinking yogurt with 11 percent protein and only 0.8 percent fat, whereas drinking yogurts generally range from 5 to 9 percent protein.  It is also highly functional,…

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Fuji Oil joins Europe’s plant-based protein revolution with launch of a new R&D center

NETHERLANDS – Japanese food ingredients company Fuji Oil Holdings, has established its fourth R&D center in Netherlands to enable it take part of the plant-based revolution that is currently taking place in Europe.   According to a statement from the company, the new center is based on the Wageningen Campus in the heart of the Dutch Food Valley where it will be able to have easy access to the technical trends and innovations that are impacting global food systems.    Dr. Liz Kamei, currently director of open innovation and external partnerships at Fuji Europe and Africa, has been appointed…

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Nestle Nigeria records marginal decline in half year profit, makes new board appointments

NIGERIA – Nestle Nigeria Plc has posted a double-digit growth in top-line earnings in the first half of 2021 ended June. According to the company, its revenue jumped by 21.57% from N141.025 billion (US$342m) recorded in the previous corresponding period to N171.439 billion (US$415.9m) However, a 262.15% jump in finance costs due to interest paid on loans taken to stem the effects of the COVID-19 pandemic caused a reduction in its profit before tax from the N33.86billion (US$82.15m) generated in H1 2020 to N33.37 billion (US$80.9m). Its overall profit after…

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Bidco launches new looks of Noodies noodles brand, expands size offering

KENYA – Bidco Africa, leading consumer goods company in East Africa has launched new looks for its Noodies noddles brand to stand out and appeal to consumers more. The company has unveiled the new vibrantly coloured packages of the instant food, a shift from the original white packs. In pursuit to give the young consumers power to choose a noodles brand of their liking, Bidco has introduced the Kiddy range featuring fun animated characters on the pack. According to BidCo, the new concept is aimed to enable children connect with…

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Mondelez opens first Oreo Cafe to attract in person customers as Mars Wrigley debuts new M&M’s Crunchy Cookie

USA – American multinational confectionery and snack food company Mondelez International, Inc. has debuted its first Oreo Cafe in an effort to attract in-person customers.   The new café located in the American Dream retail and entertainment complex in East Rutherford, New Jersey has been described by Mondelez as “a new, immersive and personalized way for all fans and cookie lovers to experience Oreo in person.”  The new store offers retail items including Oreo cookie products and official merchandise but also features a treats bar where guests can enjoy shakes, sundaes, cheesecake, and more…

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Coca-Cola Beverages Africa automates operations to boost efficiency, improve customer service

SOUTH AFRICA – Coca-Cola Beverages Africa (CCBA), the eighth largest Coca-Cola bottling partner worldwide by revenue and the biggest on the African continent, has partnered with Genpact, a global professional services firm focused on delivering digital transformation, to accelerate the company’s competitive growth. The partnership is aimed at streamlining CCBA’s operations, leveraging Genpact’s deep process expertise, combined with digital technology and analytics, to enable real-time business decision making. According to the beverage maker, Genpact will establish a multi-function, digitally enabled shared services organization to centralize and automate CCBA’s finance, procurement,…

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Ingredion, MGP Ingredients post double-digit growth in Q2 buoyed by increased consumer demand

USA — American multinational food ingredients supplier Ingredion and producer of specialty wheat protein and Starches MGP Ingredients have seen record growth in Q2 sales driven by exceptionally strong consumer demand.  Ingredion’s quarterly sales for the quarter ended June 30 rose 31% to $1.76 billion mainly driven by particularly strong momentum in North America, the company’s largest business unit. Sales rose 26% to US$1.07 billion while the segment’s operating income rose 48% to US$149 million.  “North America net sales were up significantly for the quarter when compared to the prior year,” said James Derek Gray, chief financial…

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Global fast-food chains in African barely show progress in committing to animal welfare standards

AFRICA – Global Fast foods restaurants with operations in Africa have been put on the radar for not adhering to the same animal welfare standards put in place in markets abroad. Under the recently released ‘The Pecking Order 2021’, the food service operators have been ranked and awarded points across three main elements: corporate commitments, objectives and targets, and performance reporting. Based on their score, companies can sit in one of the six grades given ranging from ‘Very poor’ to ‘Leading’. The criteria underpinning ‘The pecking order’ methodology is based…

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Italy’s Newlat Food to expand presence in UK with acquisition of branded meal and snack maker Symington

UK – Italian food company Newlat Food has agreed to purchase UK-based branded meal and snack manufacturer, Symington’s Group in an effort to consolidate its presence in the region.  Founded in 1827, Symington’s operates three production plants and one distribution centre across northern England  The company supplies branded and own-label foods including soups under the Mug Shot brand, Twistd couscous and rice-based meals, and Ragu pasta sauces.  Other brands in Symington’s portfolio include Naked instant noodles, The Hungry Elephant meal kits, and Chicken Tonight sauces – which are sold mainly in the UK, US and Australia.  The acquisition for a total consideration of £53 million (US$63 million) will see Newlat Food utilise Symington’s UK-wide distribution platform…

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