Impossible Foods bolsters animal-free protein campaign with planned launch of plant-based pork in Asia, US

CHINA – Impossible Foods, one for the largest alternative protein companies, is rolling out its meatless pork product in Hong Kong in October and Singapore later in the year in what can be seen as the latest attempt yet to rid the world of animal proteins.   The California-based company said the ground minced pork substitute would be available in 120 restaurants in Hong Kong from Oct 4. The product will also be sold in some Hong Kong grocery stores as ready to eat meals.   Hong Kong market is a natural launching pad for Impossible Foods as…

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Yum! Brands appoints Sabir Sami as global division CEO of KFC

US – Yum! Brands Inc has KFC Asia managing director, Mr. Sabir Sami as global division chief executive officer of KFC effective January 1, 2022.   KFC division is Yum’s largest business. It added nearly US$4 billion in system sales from digital channels last year to grow the KFC digital business to about US$10 billion in system sales in 2020  Sami will succeed Tony Lowings who is stepping down as chief executive at the end of this year. He will report to Yum! chief executive officer David Gibbs.  Yum! Brands said that Sami will, in his new role,…

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Endress +Hauser introduces new interface components for reliable and power supply

SWITZERLAND – Switzerland-headquartered instrumentation and automation company Endress +Hauser has introduced new interface components for reliable power supply, switching and signal doubling in safety systems.   The new RN Series are comprised of RN22: (RN42): Active/passive barrier; signal doubler, RLN22: (RLN42): NAMUR isolating amplifier, RNO22: Output isolating amplifier, RNB22: System power supply (single or redundant), and RNF22: Feed-in and error message module.  Endress notes that the RN Series interface modules power the foundation of measurement instrument loops and safety instrumented systems built on the widely used analog process control infrastructure.   Additionally, the interface components are equipped with intrinsically safe signal processing and…

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Sahel Capital, KfW launch US$24m Social Enterprise Fund for Agriculture in Africa

SUB-SAHARAN – Sahel Capital, a private equity firm, has launched a US$24 million Social Enterprise Fund for Agriculture in Africa (SEFAA), sponsored by the German development bank, KfW. Sahel will act as investment adviser to SEFAA, an impact fund with the goal of reducing poverty by investing in social agricultural enterprises (SAEs) in sub-Saharan Africa. In addition to SEFAA’s targeted impact of reducing poverty through its investments, the fund is also expected to create and preserve jobs and deliver on six of the UN sustainable development goals (SDGs 1, 2,…

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Unilever, Farm to Market Alliance partner to promote consumption of diversified local foods

KENYA – Farm to Market Alliance and Unilever are joining forces to find ways for African consumers to access affordable, locally made, food brands like Knorr and Royco produced from indigenous, nutritious and climate resilient crops, supplied by local smallholder farmers.  This new partnership will bring together the Farm to Market Alliance’s Farmer Service Centre model and Unilever’s consumer experience to explore ways for African smallholders to grow ‘Future 50 Foods’ as part of the World Economic Forum’s multi-stakeholder Food Innovation Hubs initiative. This is part of the parties’ commitment…

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KFC South Africa launches own delivery service leveraging on growth of online ordering

SOUTH AFRICA – KFC South Africa, a fast-food restaurant has launched an in-house delivery service dubbed KFC Delivery Plus, allowing customers to place their orders via the KFC mobile app or website, and secure access to exclusive offers. The new offering comes at a time the specialist of fried chicken is celebrating 50 years in South Africa, demonstrating its ongoing commitment to its consumers. KFC states that the addition of Delivery Plus is a key expansion of the brand’s e-commerce commitment, aimed to foster efficiency. “As a business we have…

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Leading food industry players Coca-Cola, Heineken, UBL support vaccination efforts in Africa

UGANDA – In an effort to provide a boost to government’s vaccination efforts, Uganda Breweries Limited, Coca-Cola Beverages Africa in Uganda, and the Private Sector Foundation of Uganda, have partnered with Kampala City Council Authority (KCCA) and the Ministry of Health to speed up COVID-19 Vaccination and open up the economy. The private sector players launched a rejuvenated COVID-19 vaccination drive that will increase the number of vaccination points in the Kampala Metropolitan Area for more people to get access to the available vaccines. Under the initiative, UBL, Coca-Cola, and…

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Indian QSR operator Jubilant Foodworks acquires minority stake in nutrition company Wellversed

INDIA – Jubilant Foodworks Ltd (JFL), a leading Indian quick service restaurants operator has acquired 25 per cent stake in Gurugram-based nutrition company Wellversed Health.  Wellversed Health offers a variety of food products that are customised for specific nutrition and dietary needs including gluten-free, keto, vegan, high-protein, diabetic conditions, and regular immunity.  According to a regulatory filing by JFL to the stock exchanges, the net revenue of Wellversed in fiscal 2019-20 was Rs 4.89 crore (US$663542).    Following the acquisition, Jubilant FoodWorks will have the right to nominate one non-retiring director to the board of Wellversed, and an observer…

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Premium dried fruit snacks company ReelFruit secures US$3m funding to expand production

NIGERIA – Nigeria’s leading dried fruit snack brand, ReelFruit, has raised a Series A investment of US$3 million to expand its production fivefold, increase its product offerings and double down on exports to the US and other international markets. The funding round was led by Alitheia IDF which invested 67 per cent or US$2 million, while other investors including Samata Capital and Flying Doctor Healthcare Investment Company also took part in the round. Founded in 2012, ReelFruit pioneered the dried fruit snack industry in Nigeria and remains its market leader.…

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Liberia’s fisheries sector receives US$40m support from World Bank to boost growth

LIBERIA – The World Bank has approved new financing to improve Liberia’s fisheries sector management and enhance the livelihoods of targeted beneficiaries and increase Government revenues. The Liberia Sustainable Management of Fisheries Project (LSMFP), funded by World Bank’s International Development Association (IDA) in the amount of US$40 million, comprising of US$20 million grant and US$20 million credit. The financing is aimed to improve conditions for fishermen and women, increase value addition for export, and help address economic vulnerability of the Liberian economy to climate change and vulnerability of food security.…

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