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…

Japan receives approval to export dairy products to the EU

ASIA – Japan has received the approval of the European Commission to export dairy products to the European Union following the request of the same. According to the Dairy Reporter, Japan had made a request to the EC for authorization to export raw milk, dairy products, colostrum and colostrum-based products that have undergone non-specific treatment…

Tyson Foods voluntarily recalls 69,093 pounds of chicken strips on possible metal contamination

USA – Tyson Foods has voluntarily recalled approximately 69,093 pounds of frozen, ready-to-eat chicken strip products on fears that they could possibly be contaminated with pieces of metal. After two consumers reported they found fragments of metal in the products, the company issued a voluntary recall of the products produced on November 30, 2018. They…

Nestle rebrands and adds four new variants to Rowntree’s Randoms range

UK – Nestle has launched new variants of Rowntree’s Randoms, its randomly shaped, fruit flavoured sweets alongside rebranding of the Rowntree’s range to enhance a fresh look. The release coincides with the fruit-flavoured sweet range’s tenth anniversary. Sharing bags containing only Squish’ems (squishy foam and fruity jelly in one sweet), Foamies (foamy sweets) and now…

DSM underscores need for fortification in malnutrition at Fourth Africa Day of School Feeding

COTE D’IVOIRE - DSM Human Health and Nutrition has emphasized on the need for fortification as a solution to help overcome the challenge of malnutrition especially among children. Speaking in a panel at the Fourth Africa Day of School Feeding in Abidjan, Cote D’Ivoire, the company strongly recommended innovative fortification solutions as safe and cost-effective…

Mondelez partners The Hatchery Chicago to lead innovation in snacking

USA – Mondelez International has partnered with the American food business incubator, The Hatchery Chicago to enhance innovations in snacking based on the changing consumer tastes and preferences. The partnership is part of the SnackFutures, the company’s innovation and venture hub aimed at unlocking snacking growth opportunities around the world. Mondelez and the SnackFutures team…

DuPont’s clinical study shows more health benefits from higher doses of multi-strain probiotics

USA – DuPont, the world’s leading science-based products and services company has released clinical study results demonstrating benefits of high-potency, multi-strain probiotic formulations. The study suggests that higher doses of a DuPont Multispecies Probiotic Formulation may permit more benefits for healthy adults than lower doses. According to a clinical trial carried out in collaboration with…

Fonterra returns to profitability with 2% rise in sales volume, to sell DFE Pharma stake

NEW ZEALAND – The New Zealand dairy co-operative, Fonterra has reported a net profit after tax of US$54.7 million (NZD 80 million), up 123% boosted by increase in sales volume. In the six months ended January 31, revenue dropped 1% to US$6.63 billion (NZD 9.7 billion), impacted by the Consumer and Foodservice Gross Margin which…

Kroger agrees to sell Turkey Hill business to private equity firm Peak Rock

USA – Kroger has announced that it has reached an agreement to sell its beverages business, Turkey Hill to an affiliate of Texas based private equity firm, Peak Rock Capital for an undisclosed sum. As part of the agreement, the Peak Rock Capital affiliate will continue to operate the Turkey Hill business out of its…

Nestle Ghana records 12.8% growth during 2018 financial year

GHANA - Nestlé Ghana Limited recorded a 12.8% growth in its 2018 financial year across its business supported by strong performance of the company’s downstream distributors This is according to Ms Philomena Tan, Managing Director of Nestlé Ghana Limited, who was speaking during the company’s recently held distributors’ awards ceremony. She stated that the firm’s…