Nestlé expands Singaporean R&D facilities as Planterra opens new innovation center

SINGAPORE – Nestlé is upgrading its R&D center in Singapore inline with its mission of ensuring products in the Asian region are tailored to local consumer preferences, taste and nutritional requirements.  According to a statement from Nestlé, the expansion features state-of-the-art labs, experimental kitchens, consumer testing, sensory evaluations rooms, open working spaces, in addition to Nestlé’s fundamental research hub.  The upgraded facilities also include a new regional R&D Accelerator, part of Nestlé’s global R&D Accelerator network.  The accelerator will provide a platform for start-ups, students, and Nestlé employees in the region to…

Read More

Dr. Pepper posts strongest growth as Coca-Cola maintains lead as world’s most valuable beverage brand

US – 129-year-old Coca-Cola has emerged, yet again, as the world’s most valuable brand in the just released ranking by Brand Finance, the world’s leading brand valuation consultancy.   The annual rankings plot the world’s biggest soft drinks against each other, measuring brand value through the strength of brands as well as metrics on marketing investment, stakeholder equity and business performance.  Coca-cola which has for decades been crowned as the world’s most valuable and strongest soft drink brand continued to maintain its position at the top with a total brand value of US$33.2bn. …

Read More

USDA launches program to assist US dairy farmers bounce back from pandemic losses

US – The U.S. Department of Agriculture (USDA) has unveiled a new program aimed at providing additional pandemic assistance for dairy farmers whose livelihoods were adversely affected by covid-19 related disruptions.   Through the program, USDA will provide about US$350m in pandemic assistance payments to dairy farmers who received a lower value for their products due to Covid-19 related market abnormalities.   The assistance is part of a larger package amounting to US$6bn of pandemic assistance the USDA announced in March to address gaps and disparities in previous rounds of…

Read More

Agriculture, food import bills in Kenya, Nigeria surge due to dwindling local supply

KENYA – Kenya’s enhanced importation of grain and cereals to cover for production shortfalls locally on the back of late planting in the main crop season and a weakened local currency against the US dollar, has led to surge of the import bill. For instances maize imports from Uganda and Tanzania in the first five months of the year jumped nearly two-fold to cross 1.38 million 90-kilogramme bags from 495,813 bags last year, according to the Ministry of Agriculture’s data. Wheat imports in the January-May 2021 period also increased 12.30…

Read More

Shoprite signals exit from Uganda, Madagascar to focus on profitable home market

SOUTH AFRICA – Africa’s largest retailer, Shoprite is continuing to review its operations outside its home market South Africa, with the retailer classifying its operations in Madagascar and Uganda as discontinued. This follows the transfer of ownership of its Nigerian operations to Ketron Investment Limited, a company owned by a group of institutional investors led by property firm owner, Persianas Investment Limited in June this year. The company which has been trading in the rest of Africa since 1990, also shut doors of its last store in Kenya, earlier in…

Read More

Kenya boosts local consumption of coffee with establishment of coffee houses in universities

KENYA – Kenya produces an average of 45,000 MT of coffee annually, out of which, about 95% is exported as raw commodity to international markets. Of the balance of 5%, about 2% is exported as value added while the other 3% is consumed locally in the country. In comparison to other coffee producing countries, Kenya’s consumption rate is far much lower given that Ethiopia consumes 50% of its coffee, Brazil 40%, Columbia 35% and Guatemala 30%. In a bid to change the narrative, the Agricultural and Food Authority (AFA) through…

Read More

Woolworths gets rid of CEO position in South Africa as current head steps down from position

SOUTH AFRICA – Retail giant Woolworths has reviewed its leadership structure for its South African operations and will not retain the CEO role as it seeks to streamline its operating model. Under the current model, the group has three Chief Executive roles – for Country Road, David Jones and Woolworths South Africa (WSA) – operating under Group Chief executive Roy Bagattini. The recent move follows the announcement of retirement of WSA’s current head and executive director of Woolworths Holding Limited, Ms Zyda Rylands, who has decided to pursue early retirement…

Read More