Mondelēz International bolsters sustainability strategy with 2050 net-zero emissions pledge

UK – American multinational snacking giant, Mondelēz International has pledged to achieve net-zero greenhouse gas (GHG) emissions across its value chain by 2050 as its contribution to efforts to tame rising global temperatures. As part of its commitment, Mondelēz signed the Science-Based Targets Initiative’s Business Ambition for 1.5 degrees celsius and joined the United Nations Race to Zero Campaign to build momentum toward a decarbonized economy. Mondelēz said it will initiate interim targets to achieve their zero GHG emissions targets and provide annual progress reviews. The company will also source…

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Yili beats expectations to register 30% growth in 9-month profits, commits to protect biodiversity in China

CHINA – Chinese dairy company, Yili has reported a 30% growth in profits for the first 9 months of 2021, outstripping expectations and signaling a new outlook for the company’s growth prospects.  Total operating revenue for the company jumped 15.23% to RMB 85.007 billion (US$13.27 billion) while the company’s net profits grew 31.82% to RMB 7.967 billion (US$1.24 billion), a press statement from the company revealed.   During the 3 quarters of the year, Yili stood out as the pacesetter in China’s dairy market with its liquid milk and ice cream product…

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Danone chooses James Mayer to head its recently combined UK & Ireland business

UK – French multinational dairy company, Danone has appointed James Mayer as president of its newly-implemented business structure.  The re-structured business now combines Danone’s specialized nutrition, plant-based, dairy, and waters businesses under one leadership team.   The changes are the culmination of Danone’s global Local First project, first announced in November 2020 to help deliver greater business impact and drive sustainable growth.   Danone says that the new structure is designed to ensure that its UK & Ireland business offers a more localized approach that best meets market and consumer needs…

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Rapid adoption of E-commerce in Egypt’s food, retail sector

Online shopping penetration in Egypt is on the rise attracting investments from e-commerce majors such as Amazon and Jumia. Backed by greater internet penetration, a heavy presence of e-commerce players, and supportive government policies, the sector can only move upwards, creating more opportunities for retailers and greater convenience for consumers.

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Massmart’s nine months turn over shyly rise by 0.2% supported by positive performance in Makro

SOUTH AFRICA – Consumer goods distributor Massmart, has reported a 0.2% marginal rise in total sales in the 39-week period ended 26 September 2021, amounting to R60.6 billion (US$3.94 billion). Sales from continuing operations for the 39-week period amounted to R55.5 billion (US$3.61 billion) and represented an increase of 2.5% over the prior year. According to the Walmart-owned South African retailer, Massmart, sales were subdued by the softer consumer environment, exacerbated by the negative effects of the social unrest. In addition, the retailer continued to feel the negative effects on…

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SABC group announces US$8.8m investment to boost glass production capacity

CAMEROON – Cameroonian beverage giant, Société Anonyme des Brasseries du Cameroun (SABC), is seeking to invest an estimated of XAF5 billion (US$8.8m) to renovate its furnace n°1 and acquire a third PET preform line for its glass factory Socaver (Société camerounaise de verrerie). According to the subsidiary of French company Castel and Netherlands based brewer Heineken, the investment aims to boost Socaver’s production capacity. As per SABC’s estimates, the furnace n° 1 should become operational by late 2023 while the third PET preform line will start operations by April 2022.…

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Carrefour Kenya partners with Lipa Later to offer shop now, pay later services to customers

Kenya – Carrefour Kenya, retailer operated by Dubai-based conglomerate Majid Al Futtaim, has launched a new product dubbed LipaVismart, availing an instalment payment plan for its customers. LipaVismart, powered by a Kenyan credit service company Lipa Later, will be available in all Carrefour stores countrywide, enabling customers to purchase items within the retail chain, to include perishables, consumer items, electronics, gadgets, appliances, furniture, etc. and settle the payment later. Providing a credit limit of up to a basket size Ksh 500,000 (US$4,500), customers will have up to 30 days to…

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AFEX calls for development of data driven food balance sheet to achieve food security

NIGERIA – The COVID-19 pandemic has shown that dangers lie ahead if a country does not begin to depend largely on what is produced locally. This has resulted in economies to critically think on how to increase its food supply base to meet the growing local demand. A system where the demand for food does not match the supply, is indirectly signalling a food crisis. This is the case in Nigeria across most commodities, according to a recent report by commodities exchange firm AFEX. The 2021 crop production survey report…

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Ethiopia based brewer United Beverages SC introduces new premium beer brand dubbed Waliin

ETHIOPIA – United Beverages SC, a joint venture between family-owned Kangaroo Industrial Group and United Africa Beverages Company in Ethiopia, has launched a new beer brand dubbed Waliin. The new premium lager beer is currently available for sale in selected cities of the country. United Beverages SC, which started its operation 3 years ago in Mojo town of Oromia State, with a capital of over €88 million, has a brewing capacity of 1.6 million hectolitres and a packaging capacity of 800,000 hectolitres. The new plant features modern technology with its…

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US spirits exports to Europe set to rebound following lifting of retaliatory tariffs

EUROPE – Export of whiskey and bourbon products to the European Union by US distillers is set to rebound following a decision by the European Commission to lift retaliatory tariffs on spirits after three years.   The result will be a ‘significant boost’ to transatlantic trade which had been badly battered by the retaliatory tariffs, as well as helping distillers, farmers, and the wider restaurant and bar trade.   The US spirit industry found itself in the middle of a trade dispute between the US government and the EU over steel and aluminum exports.   The US…

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