KENYA – Kenyan dairy farmers have received a modern dairy plant from the United States Agency for International Development (USAID) which is set to boost milk production. Located in the Makueni county, Eastern region, the fully installed dairy processing plant has a capacity to pasteurize 1000 litres of milk per hour. The project was developed…
GHANA - Kasapreko Company Limited, a manufacturer and producer of alcoholic and non-alcoholic drinks in Ghana, commissioned a new automated carton aseptic juice line following a US$2.2 million investment. According to the company, the juice production line will produce Kiddy Pak juice drinks to serve the young adults market, reports GhanaWeb. According to Chris Addo-Sarkodie,…
SOUTH AFRICA – Grand Parade Investments (GPI), the Southern African franchise owner of US fast food chains Dunkin’ Donuts and Baskin-Robbins, announced the closure of the two brands operated outlets after the businesses continued to record poor performance. The group said it filed an application for voluntary liquidation of the two US chains after failing…
GHANA – Niche Confectionery Limited, a chocolate manufacturer and subsidiary of Niche Cocoa Ltd Ghana, launched 12 more varieties of its Niche Chocolate products. The company said the products include; extra dark (72% cocoa), dark (56% cocoa), milk (38% cocoa) and nine milk chocolate flavours; coconut, ginger, orange, strawberry, banana, mango, lime, honey and coffee.…
SWITZERLAND – World’s leading milling giant, Buhler Group has reported 22% rise in turnover for the year 2018 even as it continues to integrate the newly created Consumer Foods business. During the period, Buhler said it experienced continued organic growth in all businesses characterized by expanded market share, increased order intake, and higher turnover. The…
USA – President and Chief Executive Officer of the U.S. Grains Council (USGC), Thomas Sleight has announced plans to retire in the summer when his successor will be appointed by the firm’s Board of Directors. Tom was named president and CEO of the firm in 2012 after Thomas C. Dorr who also retired from USGC.…
IVORY COAST – World's leading cocoa producing country, Ivory Coast, revealed that it has commenced trading its cocoa directly to the world’s top traders, switching from its previously used system- through auctions. According to the Coffee and Cocoa Council (CCC) in Ivory Coast, the country managed to sell 400, 000 tonnes of cocoa under the…
INDIA – Nestle India reported a 9.6% growth in net profits to US$47.896 million for its fourth quarter period ended 31st December 2018 up from US$43.76 million posted in the corresponding period in its previous financial year. The company total revenues in the period under review increased from US$417.16 million against US$372.26 posted in the…
SWITZERLAND – Global food and drink giant, Nestle has reported 2.1% increase in sales to US$90.89 billion in the year 2018 (compared to US$89.11 billion in 2017) with the acceleration helped by China and North America. During the period, the company saw strong internal growth, resulting to organic growth of 3%, thanks to strong performance…
USA – Ingredion has unveiled new single hydrocolloids which include gum acacia, cellulose gum and tara gum to meet customer expectations and consumer need for differentiated texture and mouthfeel in food applications. According to Ingredion, the new gum-based range has greater ingredient functionality, including texture stability, emulsification and protein protection. They add to the company’s…
