Barry Callebaut appoints new heads for procurement and human resource divisions

SWITZERLAND – Zurich-based cocoa processor and chocolate manufacturer Barry Callebaut has made new executive appointments in its procurement and human resource departments as it seeks to ensure a smooth transition following exit of former CEO Antoine de Saint-Affrique. According to a statement from the company, Massimo Selmo, currently, head of global sourcing, will become the first-ever chief procurement officer of the chocolate company.   Selmo who has worked at Barry Callebaut for 25 years, including 23 as head of global sourcing will also become a member of the executive committee.   During…

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Spur Corporation attains profit gain as RocoMamas delivers star performance

SOUTH AFRICA – South Africa based fast–food chain operator, Spur Corporation has reported improved full year performance, a sign of a slow but positive recovery. The group which owns sit-down restaurant brands like Spur, Panarottis, John Dory’s and the Hussar Grill – as well as fast food and fast causal brand RocoMamas, saw its headline earnings per share for the year ended June 2021 increase by 33.1% to 110.74 cents per share, from reporting a loss of 82.76 cents per share in the previous year. The JSE-listed company also reported…

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IFF debuts flavor for clean-label mayonnaise products, Duplaco ramps up algae production to meet soaring demand in Asia

US – American producer of flavors and fragrances IFF has launched Guardian Chelox 30C, a natural flavor that offers antioxidant, texturizing and moisture retention properties for mayonnaise and mayonnaise-based dressings.   According to the food ingredients supplier, the new flavor is a plant-based blend that enables manufacturers to formulate without the addition of synthetic antioxidant ethylenediaminetetraacetic acid (EDTA).   The carrier-free, easy-to-use powder may be added to other dry ingredients without changing processing conditions, according to the company.  Its launch is in response to a need in the market for a product that can enable reformulation of  mayonnaise-based…

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Firmenich opens new innovation center in China to tailor products for local tastes

CHINA – Global fragrance and taste company, Firmenich has opened a new customer experience studio in Guangzhou, China to support demand for localized fragrances & health-conscious products.  The studio which is  Firmenich’s first in Southern China will bring the Group’s commercial, marketing, and creative teams under one roof in Guangzhou, enabling a faster response to customer needs.  Studio Guangzhou joins Firmenich’s network of world-class manufacturing, innovation, and creation centers in the country, offering a new level of support to the needs of customers in Southern China.   The facility will focus on immersing…

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Serengeti Breweries heightens competitive edge with launch of US$6.7m spirits processing plant

TANZANIA – Serengeti Breweries Limited (SBL), Tanzanian subsidiary of East Africa Breweries Limited, has commissioned its first spirits production plant worth Tsh15.6 billion (US$6.7m) at its facility in Moshi. The move is aimed to shift Tanzania from being a net importer of spirit drinks to a local producer. Marking its debut, the company has started by production of a local brand known as Bongo Don, which SBL described as being a truly local product of world-class quality. “The new spirits production facility will produce mainstream spirit products locally and, in…

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AAK to acquire BIC Ingredients to bolster presence in Europe’s lecithin market

NETHERLANDS – AAK, one of the leading suppliers of plant-based oils, is in the process of acquiring BIC Ingredients, the lecithin arm of BIC International Holding.  According to a statement from the company, the acquisition will significantly increase its footprint in the European lecithin market and further its strategy of becoming a key supplier of specialty lecithin.  Located in ‘s-Hertogenbosch, Noord-Brabant, Netherlands BIC Ingredients supplies non-GM specialty lecithin and lecithin compounds.   Lecithin is a natural emulsifier produced from plant-based oils such as soy, sunflower, and rapeseed.  Upon successful acquisition, AAK plans to integrate…

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IFC, Africa Re partner to develop insurance to protect Nigerian smallholder farmers from risks

NIGERIA – Africa Reinsurance Corporation (Africa Re) and the International Finance Corporation (IFC), a member of the World Bank Group, have sealed an agreement to develop agriculture insurance market space in Nigeria. Under the agreement, Africa Re, a pan-African reinsurance organisation, and IFC’s Global Index Insurance Facility will help Nigerian insurance companies develop agricultural insurance products, and deepen their index insurance business lines. These index insurance products will help protect farmers against environmental risks such as drought, floods, erratic rainfall and other natural hazards, reports Guardian Nigeria. The initiative is…

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Egypt based food delivery startup Talabat sets up regional customer service center in Cairo

EGYPT – Talabat, one of the leading food and grocery delivery apps in Egypt and the Middle East, has announced the expansion of its outsourcing services in the North African country with a regional customer service center located in Cairo. The food delivery company has operations in Egypt, the UAE, Kuwait, Oman, Bahrain, Qatar, Jordan, Saudi Arabia, and Iraq, providing services in three primary languages: Arabic, English and Kurdish. This expansion comes in tandem with the company’s one-year anniversary since rebranding and will allow talabat to enhance its cutting-edge services…

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Kenyan farmers receive tailor-made financial support from Equity Bank to boost productivity

KENYA – Equity Bank, a Kenyan financial service holding company has launched a farm inputs subsidy programme dubbed Kenya Cereal Enhancement Programme – Climate-Resilient Agricultural Livelihoods Window (KCEP-CRAL). Despite many Kenyan households in rural parts of the country still relying on farming as a source of livelihood, the high cost of farm inputs has played a prohibitive role in the adoption of agribusiness by farmers. The programme aims at supporting smallholder farmers to increase productivity and profitability of cereal production by ensuring their access of farm inputs, value chain financing,…

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