Bio Foods, KBL, Coca-Cola, KWAL, Capwell Industries, Sameer among big winners at Africa FOODEX Awards 2019

KENYA – This year has been a significant one for the food, beverage and milling industries across Sub-Saharan Africa, reflected by the upsurge in investments witnessed across the sectors, as companies pace towards repositioning their […]

McDonald’s names Ian Borden as President of all international markets

USA – McDonald’s Corporation has appointed Ian Borden, most recently President, International Developmental Licensed (IDL) Markets, as the company’s new President, International, effective 11th December, 2019. The announcement follows the appointment of Joe Erlinger to President, […]

Palsgaard named Sustainability Champion at Fi Innovation Awards

EUROPE – Global emulsifier specialist, Palsgaard has won the Sustainability Champion prize at the Food Ingredients Europe Innovation Awards after reducing net CO2 emissions from its six global production sites to zero. In 2010, Palsgaard […]

Burkina Faso gets US$20m facility to support agricultural value chains

BURKINA FASO – The government of Burkina Faso has penned a US$20m development loan from the OPEC Fund for International Development to help finance the country’s Agricultural Value Chain Support Project (PAPFA). The total cost […]

Varun Beverages Zimbabwe commission US$20m manufacturing plant

ZIMBABWE – Varun Beverages Zimbabwe (Pvt) Limited, franchise bottler of PepsiCo in the country has officially commissioned the US$20 million second phase of its manufacturing plant in Harare. Varun Beverages produces brands that include Pepsi, […]

French e-grocery shopping platform Jow raises US$7m additional funding

FRANCE – French e-grocery startup Jow has raised US$7 million in new funding led by Stride.VC alongside DST Partners, as well as Caterina Fake and Jyri Engeström from Yes VC and Shan-Lyn Ma, the co-founder […]

Canopy Growth names Constellation Brands’ veteran as new Chief Executive Officer

CANADA – Canopy Growth Corporation has appointed Constellation Brands’ executive vice president and chief financial officer David Klein as the company’s new Chief Executive Officer, effective January 14, 2020. David will be replacing Mark Zekulin […]

Nestlé invests in Latin American venture capital firm Angel Ventures

MEXICO – Nestlé is investing in Angel Ventures, a Latin American venture capital firm that seeks to raise US$100 million by the end of second quarter 2020, to support startups across Mexico, Colombia, Peru and […]