India’s food safety regulator imposes new restrictions on yeast levels in beer

INDIA -  TheFood Safety and Standards Authority of India (FSSAI), a food safety regulator in India, is seeking to impose new restrictions that will ensure yeast and moulds count in beer made across the country maintained within safe levels. According to the restrictions by FSSAI, regular beer has to be entirely free of yeast while…

Africa’s wheat consumption grows as imports hit 47million tonnes

AFRICA – Africa’s grain consumption has over the past decade posted remarkable growth amid increasing demand propelled by the increasing population and changing consumer habits. According to a report by World Grain, wheat was among the major grains that recorded significant increase in consumption. Wheat imports in the continent increased to 47 million tonnes from…

AB InBev’s Accra Brewery Limited appoints Shaun Raposo as new country director

GHANA – Accra Brewery Limited (ABL), a subsidiary of multinational brewer Anheuser-Busch(AB) InBev, announced the appointment of Mr Shaun Raposo to the position of Country Director of the company. Mr Shuan Raposo replaces Philip Redman, who has been serving in the position since is appointment in March, 2017. In a statement issued by Ms. Adwoa…

UK government launches consultation on proposed plastic packaging tax

UK – The UK government has launched a consultation process seeking views on the proposed plastic packaging taxes which looks to cement its leadership in a sustainable economy. The government proposed new taxes and tougher regulations for packaging producers to limit production of plastic waste and their impacts in oceanic and environmental pollution. The consultation…

Givaudan partners Israeli incubator The Kitchen to drive food innovation

ISRAEL – World’s leading flavor and fragrances company, Givaudan has partnered with the Israeli-based technology incubator owned by the Strauss Group, to accelerate innovation in the food sector. According to Givaudan, the partnership will enable expand its innovation ecosystem further by connecting with Israel-based food entrepreneurs who are contributing to the creation of healthier and…

African Distillers Limited half year profits grow by 159% to US$7m

Zimbabwe – Zimbabwean wine and spirits manufacturer, African Distillers Limited, recorded profit after tax amounting to US$7 million during its six months to 31st December 2018 against US$2.7 million recorded in the prior year, representing a 159% increase. The alcoholic drink manufacturer said that the remarkable performance was fuelled by increased revenues and cost containment…

Sealed Air acquires MGM’s flexible packaging business in the Philippines

ASIA – US food packaging company, Sealed Air has acquired the Philippines based producer of flexible packaging, MGM Food and Commodities Corp for an undisclosed amount. With the transaction, expected to close in April, Sealed Air plans to leverage MGM’s expertise to expand its printing and lamination capabilities and better serve customers throughout the Asia…

Nestle India plans upto 36 new product launches as it expects more exports

INDIA – Nestle India, the maker of Maggi noodles and Kitkat has said that it plans to launch upto 36 products in the 2019 fiscal across all categories in the country as it also looks to expand its capacity to serve more overseas markets, reports ET Retail. According to chairman and managing director Suresh Narayanan,…

Coca-Cola European Partners launches line of Espresso Monster coffee drinks

UK - Coca-Cola European Partners (CCEP) has unveiled a new line of ready-to-drink (RTD) coffee drinks under the Monster Energy portfolio as it looks to delight coffee and energy drink consumers with new products. The on-the-go coffee drinks will be available in the UK starting March in a premium ‘touch ink’ black 250ml can. They…

VTB Bank to acquire grain terminal from Novorossiysk Commercial in Russia

RUSSIA - VTB Bank, one of the leading universal banks of Russia has reached an agreement to acquire a grain terminal from Novorossiysk Commercial Sea Port (NSCP), a leading commercial sea port operator for an undisclosed sum. The deal will enable the VTB bank have more control over Russia’s main deep-sea grain export hub. The…