Tolaram eyes Asia’s alternative protein market after success with noodles in Africa

SINGAPORE – Singapore-based multinational conglomerate Tolaram is eyeing Asia’s lucrative alternative proteins market after achieving success in Africa with its instant noodle brand Indomie.  Tolaram New Business Development Manager Avinash Aswani revealed in an interview with Food Navigator that the company had plans to start off its base in Singapore which already has a thriving food innovation ecosystem.  “[The alternative protein space] is developing rapidly in Singapore thanks to strong government support so there are many related companies based here,” said Aswani.   “[The first move we have made here] is…

Read More

Agritech startups Hello Tractors, ColdHub bag US$1.5m Heifer International AYuTe Africa Challenge prize

AFRICA – Global development organization, Heifer International, has crowned Nigeria’s ColdHub and Kenya based Hello Tractor as the winners of the inaugural US$1.5 million Heifer International AYuTe Africa Challenge. Hello Tractor provides technology that allows farmers to connect with local tractor owners on its marketplace and book a machine for as long as they need it. Their inexpensive tracking device and software allow farmers and tractor owners to book connected tractors from their phones. Currently serving over 500,000 small farmers across Africa with over 3,000 tractor and combine owners, Hello…

Read More

SIG invests in a new tech center in Europe to accelerate development of new packaging solutions

GERMANY – Swiss-based packaging supplier SIG is investing €12 million (US$14.19m) in a pilot plant at its new Tech Center Europe, which will be located close to SIG’s packaging plants in Linnich, Germany.  According to SIG, the new pilot plant will help the Tech Center expedite new product and packaging development, to meet the ever-increasing demand for more sustainable packaging solutions.   The pilot plant will be particularly important in boosting the tech center’s capabilities to get the development and validation of new packaging solutions and innovative materials even faster…

Read More

World Bank, ATI, other private financiers support Angola’s BITA Water Supply Project

ANGOLA – The government of Angola has secured a guaranteed financing package from World Bank for implementation of the BITA project, aimed to develop water supply infrastructure to supply urban and peri-urban belts of Luanda to ease the current supply problems and meet the increasing demand. The World Bank’s partially guaranteed facility, is a syndicated loan among 5 Lenders i.e., Standard Chartered Bank, BNP Paribas, Crédit Agricole Corporate and Investment Bank. With the project, valued at US$1.09 billion, the lenders provided up to USD910 million to the Republic of Angola,…

Read More

Simbisa Brands gets nearer to customers in home market with launch of new outlet

ZIMBABWE – Simbisa Brands, Zimbabwe’s largest fast-food restaurant operator has opened a new branch in Redcliff town in the Midlands province of Zimbabwe, as part of a business expansion drive. The new outlet housing the company’s three brands, Chicken Inn, Pizza Inn and Baker’s Inn, is part of its expansion programme, which seeks to see the company opening more branches across the country by year end. “Today Simbisa Holdings operates more than 230 stores across the country. Simbisa Holdings is growing and is scheduled to open more stores before year…

Read More

International Islamic Food Processing Association partners IsDB Group to boost food security in the region

UZBEKISTAN – The International Islamic Food Processing Association (“IFPA”) is partnering with the Islamic Development Bank (IsDB) to promote food security in the Islamic world.  During the private sector forum held at the 46th IsDB Group Annual Meetings in Tashkent, Uzbekistan, the IFPA formalized the agreement with the IsDB by signing bilateral agreements with the three of the bank’s entities: ICIEC, ICD, and ITFC.   According to a statement from IsDB, the agreements are aimed at promoting mutually beneficial cooperation to establish frameworks of partnership and understanding between IFPA and all…

Read More

Tomato Jos forays into grain sector, receives US$1.2m support from USAID funded Trade Hub

NIGERIA – Tomato Jos, Nigerian agro-processing company focused on the local production and processing of tomatoes has diversified its operations venturing into the grains sector. Under the new move, the private equity-backed, fast-growing social enterprise is seeking to boost the productivity, incomes, and resilience of maize and soybean smallholder farmers in northern Nigeria’s Kaduna State. The company has received a N494 million (US$1.2 million) co-investment grant from the USAID-funded West Africa Trade & Investment Hub (Trade Hub) to facilitate the venture. According to Trade Hub, Kaduna State is home to…

Read More

Egyptian food manufacturing giant Domty is on expansion spree, earmarks US$2.95m investment in new facilities

EGYPT – The Arabian Food Industries Co, an Egyptian food and beverage company popularly known as Domty is seeking to enter the croissant market, as it has signed an agreement to acquire a processing line from AMF, a US-based provider of bakery equipment solutions. The company has also inked another contract with AMF to supply it with a fourth line for baked goods production, with both investments set to total to 2.5 million euros (US$2.95m). Currently at its three bakery production facilities, Domty is operating with a capacity of 90…

Read More

European insect sector bound for exponential growth following EU decision to greenlight use of insect proteins in poultry and pig feed

EUROPE – The European Union (EU) Commission has adopted the decision to amend the feed ban regulation, allowing the use of processed animal proteins (PAPs) and insects to feed non-ruminant farmed animals such as pigs and poultry.   According to the commission, the decision was based on the scientific opinion by the European Food and Safety Authority (EFSA) which showed that certain specific feed ban measures were no longer justified.     The commission’s decisions follow approval from both the European Parliament and Council as well as the Standing Committee on Plants, Animals, Food and Feed (SCOPAFF)…

Read More

Former DSM CEO Feike Sijbesma to spearhead private sector collaboration in new role as WFP Champion

ROME – The World Food Program of the United Nations (WFP) has appointed former Royal DSM CEO, Feike Sijbesma is its first ever Champion.  Sijbesma has had a long and illustrious career which culminated in him heading Dutch multinational nutritional and health company Royal DSM as Chairman and CEO, a position he held for 13 years.  The career business executive transitioned to the role of Honorary Chairman of Royal DSM in early 2020 and also serves as the Special Corona Envoy for The Netherlands.   He sits on a variety of Supervisory Boards, like Royal Philips, Unilever, and the Dutch Central…

Read More