KENYA– Africa’s leading food, beverage and milling industry website Foodbusinessafrica.com has over the last year received overwhelming growth in traffic, with a record 10.5 million hits and 650,000 visitors over the past year, thanks to the website’s dedicated and growing readership in Africa and across the world. The increased readership has necessitated the website to…
ETHIOPIA - Ethiopian Sugar Corporation is set to inaugurate Omo Kuraz Sugar Factory Three on October 14, built with US$286.12 million loan from China Development Bank. According to the state corporation, the new factory will have the capacity of upto a thousand tonnes of sugar per day, producing three types of sugar with modern technology…
USA - The United States exports of feed grains and co-products for the 2017/2018 marketing year reached 120 million metric tonnes led by higher corn shipments, setting a new record for the second year in a row. According to the U.S. Grains Council, the year’s exports increased 6% (6.5 million tons) above last year’s record,…
SINGAPORE - The International Rice Research Institute (IRRI) is set to receive US$1.4 million worth of funding from non-profit organization, Crop Trust in a partnership to ensure conservation and sharing of 136,000 varieties worldwide. The seeds, stored at IRRI’s high-tech facility in Los Baños, Philippines, will be used by scientists worldwide to develop improved rice…
NIGERIA - CWAY Group, the food and beverages maker has expanded its fruit-flavoured milk drink portfolio with the addition of a new yogurt line in a bid to meet consumer demand in the country, reports Beverage Industry News. According to the company, growth in the sub-sector is being driven by the nation’s rising population as…
TANZANIA - Bakhresa Group which operates one of the largest flour mill in Tanzania has suspended Kenya flour exports on changing rules and systems for exporting goods into the country. The company said frequent changes in tax rules, instituted by the Kenya Revenue Authority (KRA) have slowed its exports to Kenya and led to losses…
KENYA - The government is seeking to sell its stake in companies such as Kenya Wine Agencies Ltd (Kwal), Kenya Meat Commission (KMC) and Agrochemical and Food Corporation (ACFC) in a deal to render them private. The Privatisation Commission which is seeking consultants on the sale-off, will oversee the process that hopes to unlock billions…
AFRICA - The world’s largest brewer, AB InBev has entered into an agreement with a leading global professional services company, Accenture to boost its sales and distribution operations on the continent, reports MarketWatch. The three-year contract will see the implementation of the Accenture NewsPage Distributor Management System (DMS), a distributor management and sales force automation…
EUROPE - Carrefour, a European leader in food traceability through the gradual application of blockchain technology to its Carrefour Quality Line products, has joined other participants involved in building the IBM Food Trust platform. The company said that the objective of the collaboration between Carrefour and IBM Food Trust is to implement a global food…
NEW ZEALAND - Fonterra Co-operative Group Limited, has revised its 2018/19 forecast Farmgate Milk Price from US$6.75 per kgMS to a range of US$6.25-US$6.50 per kgMS and increased its forecast New Zealand milk collection volumes by 1.3 per cent to 1,550 million kgMS. According to Fonterra’s Chief Executive, Miles Hurrell, the change in the forecast…
