Nestlé to support 40,000 young farmers adopt regenerative farming practices as part of net zero ambitions

SWITZERLAND – Swiss food manufacturing conglomerate Nestlé is aiming to help at least 40,000 young farmers adopt regenerative farming practices as part of its efforts to create a sustainable food system.  To support young people who are passionate about farming, Nestlé said it is launching a new training platform in November to attract and train the next generation of farmers.   The training will focus on regenerative agriculture practices and improving the resilience of farms to climate change for young farmers participating in one of Nestlé’s agripreneurship programs.  Nestlé renewed focus on regeneration efforts…

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IPO bound craft beer company Brewdog raises record US$42m in online equity crowdfunding round

UK – Brewdog, the world’s most prominent craft beer company, has raised £30.2m (about US$42m) in an online-only equity crowdfunding round dubbed “Equity For Punks Tomorrow”.  According to the maker of Punk IPA beer, the funding was raised from a crowd of 73,802 investors which it refers to as “Equity Punks”.   The latest investment round (which BrewDog says is the final round) brings the number of investors in BrewDog to over 200,000 Equity Punks in total.  “Thanks to everyone involved in the project for making it such a world-record breaking success! Every single penny invested goes…

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Hapag-Lloyd spreads wings across Africa, opens offices in Morocco

MOROCCO – Hapag-Lloyd, a German shipping company mainly transporting agricultural goods out of Africa has set base in Morocco with the opening of its own offices in the country. The logistic company has opened three offices with the headquarter being Casablanca and two satellite offices in both Tangier and Agadir. Morocco, being an important platform for the export of fresh produce, is part of Hapag-Lloyd’s development strategy in the refrigerated container transport sector In addition, the country is perfectly connected to the global Hapag-Lloyd network by the port of Tanger-Med,…

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Kenyan online food store Greenspoon bags financial backing to boost capabilities

KENYA – Greenspoon Ltd, Kenya’s first online food store to offer full transparency to its customers around the source of their food, has secured an undisclosed amount of funding from a consortium of Dutch investors, headed by The Blue Link. The lead investor- The Blue Link, also has interests in some of Kenya’s leading food processing companies to include: Highlands Drinks, Bio Food Products and Maxim Agri. The growth capital which will be channelled towards expansion of the business, comes at an opportune time as the Greenspoon is currently celebrating…

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ADM opens new Chinese flavour facility in quest to expand global nutritional capabilities

CHINA – ADM has opened a new state-of-the-art, fully automated flavor production facility situated in Pinghu, Zhejiang Province, China in line with goal to expand its global nutritional capabilities.  The Pinghu facility will serve as ADM’s flavor supply hub in Asia Pacific (APAC), allowing it to leverage its expertise and leading-edge technologies.   The 27,000 sq m facility will also build out the ADM pantry to meet customer needs further and advance its growth strategy.  Additionally, the facility is strategically located within an hour of Shanghai, bringing geographic advantages for…

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Bingo moment for Carrefour as it inks lease transfer agreement with Shoprite for Ugandan stores

UGANDA – A golden opportunity for Majid Al Futtaim, the regional franchise holder of Carrefour, to rapidly expand in the retail sector of Uganda’s economy has unveiled itself. The Dubai based conglomerate has entered into an agreement with Shoprite Checkers Uganda Limited, to take over the six stores of the South African retailer in the East African nation. Following the implementation of the agreement, Majid Al Futtaim will expand its footprint to eight Carrefour stores. “We welcome the opportunity to bring our unique Carrefour offering of unbeatable value, range, international…

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DSM to double down on sustainable food production, commits to close global micronutrient gap

NETHERLANDS –  Dutch multinational supplier of nutritional and health ingredients DSM has announced that it will fully focus its resources and capabilities to address the urgent societal and environmental challenges linked to the way the world produces and consumes food.  The Dutch company said its commitments cover three areas where it believes it can make the greatest positive impact together with its business partners: Health for People, Health for Planet and Healthy Livelihoods.  Under the ‘people’ umbrella, DSM said its new strategic food system commitments by 2030 are to work toward closing the micronutrient…

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Nigerian Agritech startup Releaf secures US$4.2m funding, grant to boost oil palm processing

NIGERIA – Nigeria-based agritech startup Releaf has secured US$2.7-million in a seed funding round to enable the development of industrial food processing technology in the country’s smallholder-driven oil palm sector. Founded by Ikenna Nzewi and Uzoma Ayogu, Releaf is an agricultural technology company that develops proprietary hardware and software solutions that makes African farmers and food factories more efficient and profitable. Starting with Nigeria’s US$3 billion vegetable oil market, Releaf ensures smaller factories are set up near smallholder farmers, enabling the former to get better processing yields and fewer logistics…

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