Day: August 26, 2021

Conagra Brands names Ian Roberts new head of food service unit

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USA — Conagra Brands has appointed Ian Roberts as the new vice president and general manager of the foodservice business segment effective Sept. 1.  In his new role, Mr. Roberts will manage all aspects of sales and category management with primary responsibility for leading the foodservice team and operating segment, which includes strategic planning and P&L management.  Roberts will also be responsible for developing and expanding relationships with distributors, customers and strategic partners.  Prior to his recent appointment, Roberts previously served Conagra as the vice president and general manager for Canada.  Other roles he has held…

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Kenyan based cordial maker Highlands Drinks goes green, Lucozade brand owner launches tournament

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KENYA – Kenyan beverage manufacturing company, Highlands Drinks has revealed that its is installing solar panels at its processing facility, accelerating its adoption of green energy. Without going into details pertaining to the project, Joachim Westerveld, Chief Executive Officer at Highlands Drinks Limited in a LinkedIn post indicated that the company is also establishing a staff canteen for its team. In addition, the company is currently undertaking blind sensory to make its refreshing Club Drinks taste even better. Highlands having a heritage spanning over 60 years, has a wide range…

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Coca-Cola’s long-serving board member Herbert Allen steps down after 39years

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USA – Herbert A Allen, a long serving board member of Atlanta-based multinational soft drinks company Coca-Cola, has retired as a director after 39 years of service.   According to a statement from Coca-Cola Company, Allen, who is 80 years old, was the longest-serving current member of the company’s board of directors.   Following his retirement on  18 August, the Coca-Cola board is now comprised chaired by current CEO James Quincey is now left will 11  directors  “On behalf of The Coca-Cola Company and its board of directors, I thank Herbert for his service,” said James Quincey, chairman and CEO of…

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Brazilian plant-based meat brand Future Farm launches in South Africa, adding variety to consumer’s food plate

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SOUTH AFRICA – Brazilian meat alternative brand, Future Farm, has brought its cutting-edge plant-based meat products to South Africa, launching a wide array of offerings in Checkers stores across the country. Introducing the brand’s Future Burger, Future Sausage, Future Meatballs and Future Mince, are designed to tempt meat-lovers into eating plant-based meals occasionally, and to satisfy vegetarians and vegans with the eco-friendly, GMO-free, gluten-free and Halaal range made using all-natural ingredients. “By replicating the same satisfaction, we get from eating meat by using plants, we have revolutionised food in a…

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China, Africa present new growth opportunities across the dairy sphere over the next decade and beyond – Rabobank

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GLOBAL – China and Africa are emerging as the next growth frontiers for dairy as rise in population and changing demographics in these regions show potential to drive opportunities across the dairy sphere, a recent analysis by Rabobank has revealed.    According to Rabobank states that over 35 percent of global population growth will occur in Africa, making it one of the most attractive regions for dairy companies.  The investment bank further notes that the region remains a net – and growing – dairy importer, largely importing from international players in the Global Dairy Top 20.  Rabobank data however notes that there…

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Lactalis outpaces Nestlé as world’s largest dairy company

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GLOBAL – French multinational dairy products corporation Lactalis has outpaced long-time industry giant Nestlé as the world’s biggest dairy player, according to new Rabobank analysis.   Lactalis’ growth has been attributed to the company’s recent attention to organic growth, as well as its dedicated global M&A strategy.  These two factors propelled the French dairy company from ninth place in 2000 to a dominating lead position in 2021.  Lactalis owns such brands as Président, Galbani, Parmalat, Karoun, Rondele, Black Diamond, Stonyfield Organic and Siggi’s.   Organic and Siggi’s were American yogurt companies acquired late 2017 and early 2018, respectively. …

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Kenya slashes sugar imports from Uganda by 79% giving preference to Southern African countries

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KENYA – Kenya has revised the allocated sugar imports quota for Uganda by cutting the allowable quantities of the commodity into the country by 79 percent. The Sugar Directorate, according to reports by Business Daily, has highlighted that traders will only be allowed to import 18,923 tonnes of sugar from Uganda down from 90,000 tonnes that Kenya had earlier said would be shipped in from its landlocked neighbour. Both countries had agreed in April that Uganda will export 90,000 tonnes of the commodity to Kenya as soon as the verification…

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Egyptian e-commerce platform MaxAB acquires Moroccan counterpart WaystoCap

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EGYPT – MaxAB, an Egyptian B2B e-commerce platform, has acquired Moroccan counterpart WaystoCap, a distribution platform that connects retailers with suppliers across Africa. The acquisition will see MaxAB accelerate its expansion into the Maghreb market, empowered by WaystoCap’s expertise in the region. Additionally, MaxAB has confirmed an additional US$15 million investment from existing investors, as it closes its Series A, which brings the total capital raised by the ecommerce leader to more than US$60 milion. It secured US$40 million in Series A funding in July. Founded in 2018 by Egyptian…

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Massmart eyes online shopping, delivery service provider OneCart to bolster eCommerce capabilities

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SOUTH AFRICA – In line with its strategy to invest in and accelerate its e-commerce presence, South African retailer Massmart has entered into negotiations to acquire a controlling stake in OneCart, privately owned on-demand grocery retail marketplace and logistics platform. The move is aimed to beef up its e-commerce capabilities, a key focus that the retailer has been investing heavily in online shopping. This follows its recent confirmation that it has entered in a deal to sell its Cambridge Food and Rhino Cash & Carry chains, together with parts of…

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