Oatly expands presence in Asia with launch of new oat milk facility in Singapore

SINGAPORE – Swedish alternative dairy company Oatly has partnered with Asian food and beverage company Yeo Hiap Seng Limited (Yeo’s) to open a new oat milk facility in Singapore.  The facility, which started operations in July, is located at Yeo’s Senoko Way site in Singapore and is Oatly’s first production venture outside Europe and North America.   The site will produce Oatly’s oat milk for the Asian market and will support the brand’s growth in the region.   “Despite ongoing Covid-19 restrictions, we are thrilled that the production facility opened in July. Oatly is grateful…

Read More

McDonald’s Indian franchise goes on a market share offensive, reveals plans to launch 200 stores in the next 5 years

INDIA – Westlife Development, the owner and operator of McDonald’s restaurants in the west and south of India, is on a market expansion drive, revealing plans to add around 200 additional restaurants in its network within the next five years.   The company said it is planning to invest around Rs 800-1,000 crore in the opening of new stores and also in revamping existing stores with enhanced digital capabilities such as self-ordering kiosks and table services.  Westlife Development said the investment will strengthen its leadership position in the burger, chicken and beverage segments further and aid the growth of the…

Read More

Famous Brands makes new board appointment, expects sharp improvement in headline earnings

SOUTH AFRICA – South African restaurant franchisor, Famous Brands, has announced the appointment of Ms Busisiwe Mathe as an independent Non-executive Director to the Board of Directors of the company, effective from 20 October 2021. Busisiwe, who holds a B. Com Accounting and a Higher Diploma in Accounting from the University of Witwatersrand, is a Chartered Accountant and a registered member of the South African Institute of Chartered Accountants. She has held several leadership positions at PricewaterhouseCoopers (PWC) including as Chairperson of the South African Governing Board, member of the…

Read More

Kenya’s alcohol sector players lobby for increased operating hours to aid industry recovery

KENYA – The Alcohol Beverages Association of Kenya (ABAK) has petitioned the government to increase the operating period of bars by two hours in the wake of falling Covid-19 infection rates. According to the liquor traders’ representative, a further two hours of operations by the outlets and other entertainment joints will serve to cushion the hit on the industry. The Association is backing its push on the recent fall in the COVID-19 positivity rate which has averaged below five per cent. “Abak notes the Covid-19 positivity rate in the last…

Read More

Coca-Cola eyes US$8 billion value from Coca-Cola Beverages Africa public listing

SOUTH AFRICA – The Coca-Cola Company is gearing closer to finalizing plans of listing its largest bottler in Africa, Coca-Cola Beverages Africa (CCBA), as a publicly traded entity. According to reports by Bloomberg, talks are ongoing and the final timing and size of the IPO will depend on the investors’ appetite and market conditions. The soft beverage giant is seeking a value of R120 billion (US$8 billion) for Coca-Cola Beverages Africa when it lists the bottler in 2022, according to people familiar with the matter. To facilitate the process, Coca-Cola…

Read More

Agribusiness financier MESPT offers backing to small scale farmers in Kenya with US$27m loan package

KENYA – Micro Enterprises Support Programme Trust (MESPT) has partnered with donors such as the Danish government and the European Union to support Kenyan farmers access funds for their agricultural activities. The organization will be extending Ksh3 billion loan to over 50,000 small scale farmers, aimed to strengthen food production and create more jobs in the agriculture sector, reports Business Daily. Ms Rebecca Amukhoye, MESPT Chief Executive Officer, said the institution is implementing a development model that seeks to enhance agriculture enterprise development and agricultural productivity and food safety by…

Read More

Financial institution EBRD supports Tunisia’s olive-oil sector with US$7m financing to COGIA SA

TUNISIA – The European Bank for Reconstruction and Development (EBRD) has dished out a TND 20 million (US$7.19 million) loan to Compagnie Générale des Industries Alimentaires (COGIA SA), one of Tunisia’s largest producer and export of olive oil. COGIA is a subsidiary of United Arab Emirates-based IFFCO Group, with a diversified portfolio of value-added sustainable foods, consumer products and services across the Middle East, Africa, southeast Asia and Europe.  The funds will enable the producer of Rahma, Allegro and SanMarco brands, to grow its sourcing, bottling and exports of Tunisian…

Read More

Ferrero breaks ground on project to build first chocolate processing facility in North America

USA — Italian manufacturer of branded chocolate and confectionery products Ferrero Group has broke ground on a new US$75 million, 70,000-square-foot chocolate processing facility in Bloomington, Illinois.   The plant under the group’s North America division will be Ferrero’s third facility that processes chocolate, and it’s first outside of Europe.  The new facility is an expansion of Ferrero’s existing Bloomington manufacturing center and will produce chocolate for Crunch, 100 Grand, Raisinets, and other Ferrero products for the North American market.  “The ability to process high-quality chocolate here in North America is instrumental…

Read More

Mother Dairy to open 700 new locations in New Delhi by 2023, Cocoberry eyes 25 new yogurt outlets by end of the year

INDIA – Mother Dairy, a wholly owned subsidiary of the National Dairy Development Board (NDDB), has announced plans to establish over 700 exclusive consumer touchpoints in the national capital by 2022-23 fiscal year.  According to the Indian dairy brand, the new touchpoints will mainly be in the form of kiosks and franchise shops and are part of its strategy to expand presence and boost sales.  Mother Dairy currently has 1,800 consumer touchpoints which offer the entire range of Mother Dairy products including products from Safal and Dhara under one roof.  “The company is working towards increasing this count to over 2,500 by FY22-23, further…

Read More

McDonald’s China to train 75,000 restaurant workers in newly opened Hamburger University

CHINA –  American multinational fast-food restaurant McDonald’s has said it expects to train and develop more than 75,000 restaurant workers in China at newly Hamburger University over the next five years.    The Hamburger University is housed in McDonald’s China new eight-story, sustainability-focused headquarters in Shanghai.  According to the fast-food chain,  the new headquarters was built with a focus on energy-saving and environmental responsibility, as well as promotion of cross-functional collaboration and flexible working.    The building has no fixed seating arrangements for employees. Instead, the building offers employees greater flexibility by providing desks,…

Read More