Agricultural company Ceres Global set to acquire grain elevator from Cargill

CANADA – Ceres Global Ag Corp, an agricultural, energy, and industrial products merchandizing and supply chain company, has entered into a deal to purchase a grain elevator and its related assets in Ridgedale, Saskatchewan, Canada from Cargill Limited. Known as “Nicklen Siding,” the elevator has a capacity of 13,000 mt and offers a variety of services, including fertilizer blending and soil testing, according to Cargill’s website. “With this acquisition of the Nicklen Siding elevator, we take another meaningful step in our broader strategy to increase core product origination directly from growers in important…

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E-commerce group Flipkart acquires Walmart India and set to launch a new digital marketplace

INDIA – The Flipkart group, Indian e-commerce group, has announced that it has acquired 100% interest in Walmart India Private Limited, which operates the Best Price cash-and-carry business, to bolster its wholesale marketplace operations, and in doing so, has made plans to launch a new digital marketplace. The new digital marketplace, called Flipkart Wholesale, will provide wholesale goods to kiranas and other small retailers in India. Kiranas are independent retailers and small businesses, similar to neighbourhood stores, that sell a variety of retail products. Flipkart Wholesale will provide a wide product selection at significant value, powered by…

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South African fishing group Oceana appoints Hajra Karrim as Chief Financial Officer

SOUTH AFRICA – South Africa’s fishing giant, Oceana Group has appointed Hajra Karrim as Chief Financial Officer and executive director of the Company, with effect from 1 November 2020. According to the company’s announcement, Hajra will be taking over from interim Trevor Giles who was appointed Interim CFO in February and will be returning to his role as Group Executive of Business Development at the end of October. Trevor stepped in as interim CFO following the resignation of Elton Bosch to pursue “other business interests” in January. “The Board would…

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Ghanaian investor of Komenda Sugar factory partners with University of Cape Coast to promote cane production

GHANA – Park Agrotech Limited, a Ghanaian agribusiness company and strategic investor of the Komenda Sugar Factory, has penned a Memorandum of Understanding (MoU) with the University of Cape Coast (UCC) to develop modalities for the operationalisation of the Komenda Sugar Factory. The Komenda Sugar Factory, which was built by the Ghanaian government at a cost of US$35 million from an Indian EXIM Bank facility, was inaugurated in May 2016. But many challenges, including the unreliable supply of sugarcane for continuous processing after the preliminary test run, hampered the operations…

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Simbisa Brands ups new outlet target in Zimbabwe despite COVID-19 operational challenges

ZIMBABWE – Zimbabwe’s leading Quick Service Restaurant (QSR) group, Simbisa Brands Limited has revised upwards the targeted number of new outlets it is set to open this financial year from 15 to 18 despite operational challenges posed by the COVID-19 pandemic. According to a report by NewsDay, the group aims to spend about US$10 million on the project, with the outlets spread across the country as a way of further consolidating their local market share. Simbisa operated as a business unit of Zimbabwe’s largest company by revenue, Innscor Africa, before…

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Heineken launches “Back to the Bars” campaign cheering the HoReCa industry and upholding safety measures

NETHERLANDS – The Dutch brewing giant, Heineken has launched a new through the line campaign titled ‘Back to the bars’ as part of its global initiative celebrating the resumption of the HoReCa industry whilst reminding consumers to behave responsibly to curb the spread of the corona virus. The engaging call to action is “socialise responsibly to keep bars open” and the campaign will be launched in multiple countries in 2020. According to the company, only by respecting safety regulations in the “new normal”, consumers will help bars to remain open…

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Nestlé Pure Life launches fruit flavored water collection for kids

USA – Nestlé Pure Life, world’s largest bottled water brand, has launched a new refreshing fruit flavored water collection for kids with zero sugar, sweeteners or artificial colours. Fruity Water features 100% pure quality water with a touch of natural fruit flavours and electrolytes for taste. The new collection aims to make drinking water a more exciting and flavourful option for kids and comes in three flavours: apple, watermelon and tropical twist. Nestlé intends to target parents through highlighting the importance of water-based beverages for kids as opposed to sugar-sweetened options. Packaged in…

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Beverage company Vive Organic raises US$13m in Series B funding round to accelerate its business

USA – Vive Organic, immunity-boosting beverage company, has closed a US$13 million in Series B funding round led by Monogram Capital with participation by Cambridge Companies SPG and Powerplant Ventures that also led its earlier fundraising. The investment comes as Vive Organic’s annual sales have been growing by 400% on average since its inception in 2015, and the overall wellness shot category continues to gain momentum amid the ongoing pandemic. CEO and co-founder Wyatt Taubman said the Vive Organic team started raising this round in mid-March when coronavirus was declared a pandemic in the U.S.…

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Cargill targets to restore 600 billion liters of water by 2030

USA – Food and agribusiness giant Cargill has stipulated a series of initiatives that will enable it to develop agriculture solutions that protect and enhance water resources in a bid to achieve sustainable water management in its operations by 2030. To achieve its water targets and improve access to clean water, Cargill aims to restore 600 billion litres of water in priority watershed by 2030 and reduce 5 million kg of water pollutants in priority watersheds. In addition, the company seeks to improve access to safe drinking water in 25…

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Nestlé utilizes augmented reality technology ensuring continuity of operations

SWITZERLAND – Nestlé is expanding the use of augmented reality technology to provide remote support to its production and R&D sites and connecting with suppliers especially during this time when travel is restricted due to COVID-19. The Swiss food giant and external providers are using remote assistance tools to connect with people at factories and other facilities around the world, increasing efficiency across operations and allowing experts to simultaneously support multiple projects. Using tools such as remote desktop, smart glasses, 360-degree cameras and 3D software, specialists can advise on complex…

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