Livelihoods Funds strengthen investments in Africa to promote sustainability

AFRICA – Livelihood Funds, an impact investment fund created by private investors, has announced that it will be investing in new projects to support sustainability across the continent. The group said that new projects seek to combat climate change, poverty and environmental degradation by leveraging the carbon economy and the agricultural supply chains of its…

Kenya’s dairy giant New KCC injects US$ 9.9m in modernisation plan

KENYA – The New Kenya Co-operative Creameries (New KCC), a leading dairy processor in Kenya, has invested US$ 9.9 million in its modernisation programme to improve production capacity. According to Nixon Sigey, the company’s Managing Director, the modernisation plan has seen the firm procure and install new equipment across its major processing factories countrywide, reports…

KBL invests US$39.72m in new brewer’s effluent treatment plant to boost efficiency

KENYA – The Kenya Breweries Limited, subsidiary of the East African Breweries Limited, is investing nearly US$39.72 million in an effluent treatment plant to boost production efficiency at its upcoming Kisumu plant. The three-phase wastewater treatment is part of the firm’s efforts to contribute to reduction of runaway pollution of Lake Victoria’s Winam Gulf. According…

Kenya’s Limuru Tea bounces back to profitability as sales volumes grow

KENYA- Limuru Tea Plc, subsidiary of Unilever Tea Kenya Limited, reported a net profit of Sh2.54 million in its 2018 financial year as the firm continues to drive its business towards profitability. The Nairobi Securities Exchange (NSE) listed agricultural firm posted the remarkable performance after plunging into after-tax loss of Sh22.13 million (US$219 000) in…

Kensington Distillers & Vintners acquires Nigeria’s 1960 Rootz from AB InBev

NIGERIA - Kensington Distillers and Vintners Limited (KDV), London-based beverage producer, has acquired the 1960 Rootz brand inform Monument Distillers Nigeria Limited owned by Anheuser-Busch InBev (AB InBev). The acquisition includes the state-of-the-art manufacturing plant used to produce 1960 Rootz, which according to KDV will soon be moved from AB InBev’s Port Harcourt production facility…

Ghanaian government reaffirms commitment in supporting beverage industry

GHANA – The Ghanaian government through the ministry of trade and industry has said that it is committed to supporting small and medium beverage enterprises through incentives to boost their operations. Mr Robert Ahomka-Lindsay, deputy Minister of Trade and Industry, pointed out that the beverage industry is an important sector in the country’s economy and…

Sealed Air partners Kuraray to increase capacity in plant-based food packaging

USA – Sealed Air Corporation, the American packaging company has partnered Kuraray, a Japanese supplier of specialty materials to invest in production of plant-based food packaging. The agreement will see Sealed Air increase its capacity at its facility in South Carolina to meet the growing demand for plant-based food packaging. The deal also involves expanding…

Cargill and Heifer launch global initiative to improve nutrition through poultry

USA – The global agribusiness giant, Cargill has joined forces with US based non-profit, Heifer International to launch a global initiative improve nutrition and bolster livelihoods among smallholder farmers. Dubbed Hatching Hope Global Initiative, the program will engage women poultry farmers to tackle hunger and poverty ‘through the power of poultry’. It aims to improve…

Morrisons joins Arla UK 360 program to promote sustainable supply chain

UK – UK supermarket retailer, Morrisons has joined the Arla UK 360 farm standards program as part of the initiative to enhance sustainable practices across its entire supply chain. As a result of the commitment, Morrison will directly support 200 Arla farmer owners to deliver across the eight farm business areas identified in the 360…

ADM proposes new board director, creates sustainability committee

USA - Archer Daniels Midland Company has announced that it has nominated Dr. Lei Zhang Schlitz to stand for election to the board at the company’s upcoming Annual Stockholders’ Meeting on May 1, 2019. The company has said that Daniel Shih, who has served as an ADM director since 2012, will be stepping down from…