Diageo to expand tequila production capacity with US$500m investment in new facilities in Mexico

MEXICO – British multinational brewing company Diageo is investing about US$500 million in expanding its tequila production in Mexico amid surging demand for the Mexican alcoholic drink.  According to a statement from the company, the funds will be used in building new facilities in the State of Jalisco where Tequila is widely believed to have originated.   The name Tequila is actually a regional-specific name for a distilled beverage made from the blue agave plant, primarily in the area surrounding the city of Tequila which is located in Jalisco.    Construction of the new…

Read More

AmBev steps closer to 2025 sustainability goal with launch of first carbon neutral brewery in Brazil

BRAZIL – AmBev, Brazil’s largest brewing company and part of global brewer AB InBev, has unveiled its first brewing and malting facility in Brazil.  Located in the South region of Brazil, the brewery and malting site achieved the carbon-neutral status after reducing 90% of their CO emissions and offsetting the remaining 10%.  The maker of Brahma, Bohemia, Stella Artois beer brands also plans to unveil another four carbon-neutral breweries before the end of 2021.   “This important step supports our efforts to achieve our ambitious 2025 Sustainability Goals, which aim to drive progress across our full, integrated supply chain,” says Rodrigo Figueiredo,…

Read More

Burger King South Africa registers improvement in loss on back of higher turnover

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in South Africa has showcased stellar performance in its full year ended June 2021, as it awaits finalization of the disposal plan. The fast-food chain saw its revenue grow to R1.349 billion (US$90m) compared to R1.010 billion (US$67.62m) in the prior year. The chain of hamburger fast-food restaurant’s headline contribution improved by R11.8 million (US$790,000) during the year from a loss of R25.5 million (US$1.7m) in the prior period to a loss of R13.7 million (US$917,000)…

Read More

Angola seeks to build agro-biofuels sector, SA sugar industry seeks to venture into energy production

SOUTHERN AFRICA – The government of Angola has signed a Memorandum of Understanding (MoU) with Angola’s National Oil, Gas and Biofuel’s Agency (ANPG); Sonangol, the parastatal that oversees petroleum and natural gas production in the country; and Eni Angola, an energy company, to jointly develop the agro-biofuel sector in the country. Under the MoU, Eni, ANPG and Sonangol will develop a de-carbonization path for the country through a circular economy approach, assessing in particular the development of low-ILUC (indirect land‐use change) cultivations such as castor beans on degraded lands and…

Read More

Ocado invests in autonomous driving, Instacart expands e-commerce capabilities with acquisition of FoodStorm

UK –  UK-based grocery solutions and logistics business Ocado has invested £10 million ($13.6 million) in self-driving technology startup Wayve to spur the development of autonomous grocery delivery.  Founded in 2017, Wayve’s autonomous-driving technology relies on deep learning and cameras, in contrast to the light detection and ranging — commonly known as “lidar” — systems and sensors that many self-driving companies currently employ.   The camera-based approach is less costly, and according to Wayve, is also well suited to navigating traffic-clogged, complex city streets where so many grocery deliveries happen.  Under…

Read More

Moroccan retailtech startup Chari.ma raises US$5m to spearhead expansion plan

MOROCCO – Chari.ma, a Moroccan B2B e-commerce platform that fashions retailers with suppliers has raised US$5 million in the largest venture funding round in the country this year and among the biggest-ever seed funding rounds in the North African nation. The funding round was jointly led by Rocket Internet, Global Founders Capital and P1 Ventures with participations from Plug and Play, Y Combinator, Village Capital, MetLife Foundation, Orange Digital Ventures, Air Angels, SPE Capital, Pincus Private Equity and Reflect Ventures. The Chandaria family, Propertyfinder CEO and founder Michael Lahyani, and…

Read More

Massmart eyes majority stake in delivery service provider OneCart to bolster eCommerce capabilities

SOUTH AFRICA – Walmart-owned South African retailer, Massmart has reached agreement to acquire 87.5% of the issued shares in OneCart. This is in line with its strategy to invest in and accelerate its e-commerce presence and compete with the likes of Shoprite’s highly successful Checkers Sixty60 on-demand delivery service and Pick n Pay’s Bottles service, now dubbed Pick n Pay ASAP! As a fast-moving consumer goods marketplace and logistics platform, OneCart partners with leading retailers in South Africa to enable fast, flexible and efficient online sales and home delivery to…

Read More

Angola’s budding poultry sector to register slight growth in chicken meat production in 2022

ANGOLA – Angola’s poultry sector which is still at the infancy growth stage, is set to register a marginal increase in chicken meat production to 32,000 metric tons (MT) in 2022 from 31,000 MT expected in 2021. According to data released by the Angolan Ministry of Agriculture and Fisheries in 2020, poultry meat production in the country was 29,860 MT, a 5.9 percent increase from the previous year. Meanwhile, the National Association of Poultry Producers of Angola (ANAVI) estimates egg production to be between 65 million to 70 million eggs…

Read More

Tyson Foods invests US$61m to expand fully cooked chicken production facility in Mississippi

USA – American multinational food corporation Tyson Foods is investing US$61 million into its fully cooked chicken production facility in Vicksburg, Mississippi as part of strategy to accelerate long-term growth of the Tyson® retail brand.  The expansion will increase the production capacity of chicken products for food service customers such as restaurants and schools.   Expansion works are expected to be completed by summer 2022, creating about 50 jobs in the process.   The Mississippi Development Authority is providing assistance for improvements to infrastructure; Warren County and Entergy Mississippi are also assisting with…

Read More

International Flavour & Fragrances CEO Andreas Fibig to retire after 7 years at the helm

USA – International Flavors & Fragrances Chairman and CEO Andreas Fibig has announced that he will retire, ending his successful 7-year stint at the company which is now the largest flavour and fragrance company in the world.    Without an able successor at the moment, Fibig is expected to stay in his position until a replacement is named by the company’s board of directors in early 2022.  Once a successor has been identified, the Veteran executive who has been with IFF for more than 10 years now will remain at IFF for a short time to ensure a…

Read More