Simbisa Brands to open Chicken Inn branch in Gokwe, Midlands

ZIMBABWE - Simbisa Brands, fast-food restaurant operator of Chicken Inn plans to open a new outlet in Gokwe, Midlands following rising demand from customers at its Kwekwe branch, reports the Herald. The company is engaging relevant stakeholders and carrying out a feasibility studies on the market for the new outlet. The Gokwe outlet will also…

Kenya’s President proposes import ban on fish from China

KENYA - President Uhuru Kenyatta has proposed a ban on fish imports from China, a move he noted was government’s efforts in benefiting the local fishing industry, reports the Nation. Speaking during the 2018 SMEs conference at Strathmore University, the President said imported fish was hurting the local market thus the need to ensure the…

Cargill inaugurates new US$65m modern shrimp feed plant in Ecuador

USA - American agribusiness giant Cargill has inaugurated a new production facility for shrimp feed, with more than US$65 million investment in Guayaquil, Ecuador. According to Cargill, the new feed plant creates 150 new jobs and 500 related positions for local economy, improves aquaculture nutrition technology and services for the region. Described as the ‘world’s…

RLJ Group to invest US$100m in revamping fishing industry

LIBERIA - The government of Liberia is set to receive US$100 million investment into the fishing industry from RLG Group, an innovative business network that provides strategic investments in a diverse portfolio of companies. The proceeds will go towards improving the fish industry through the development of fishing depots and the building of fish processing…

Cal-Maine Foods announces definitive agreement to acquire Featherland Egg Farms

USA – Cal-Maine Foods, a fresh egg producer, has announced that it has reached a definitive agreement to acquire substantially all of the assets of Featherland Egg Farms, Inc., relating to its commercial shell egg production, processing, distribution and sale business. According to the company, the assets to be acquired, subject to the completion of…

Vivera announces introduction of 100% plant-based hamburger in Europe

EUROPE - Vivera, the fastest growing producer of plant-based meat alternatives in Europe, has announced the introduction of the highest quality 100% plant-based hamburger. Accordiung to the company, it claims to have achieved the highest quality vegan hamburger currently available, and that Sainsbury's will be the first to sell the fresh (uncooked) 'Veggie Quarter Pounder'. Earlier…

BRF CEO Pedro Parente to leave company in mid-2019

BRAZIL - Chief Executive Pedro Parente of Brazilian meat packing company BRF SA has announced plans to leave the company and that the current Chief Operating Officer Lorival Luz would succeed him in the CEO role. According to Reuters, Parente told investors and analysts after a presentation in Sao Paulo that he will still participate…

Africa focused equity firm Phatisa raises US$121m for second generation fund

AFRICA - Phatisa, a sector-focused African private equity firm has closed its second generation fund, Phatisa Food Fund 2 (PFF 2) at US$121.5 million with a target to reach US$300 million by mid-2019. PFF 2 will focus on investments in the African food value chain that is; mechanisation, inputs, poultry and meat production, food processing…

Danish Crown appoints Andrew Cracknell as new CEO of Tulip Food Company

UK - Danish Crown, a global meat processing company, has appointed Andrew Cracknell as the CEO of its UK business Tulip, four months after Steve Francis stepped down from the role. According to FoodBev, Cracknell started his career with the ABP Food Group more than 25 years ago. Having worked in both the fresh and…

Tanzania’s chicken import ban bites as shortage looms

TANZANIA - Tanzania is facing a chicken shortage with rising retail prices, months after banning importation of poultry from its neighbours in the East African Community. Speaking to The EastAfrican, Tanzania Poultry Breeders Association secretary General Manase Mrindwa said that some firms had stopped production of day-old chicks, leading to a shortage of broilers and…