Maple Leaf Foods chief financial officer to stepdown, launches search for successor

CANADA – Maple Leafs Foods, a major Canadian consumer packaged meats company, has announced that its Chief Financial Officer (CFO), Debbie Simpson has decided to leave her position effective November 1, 2019. The company, house […]

Hazel Technologies raises US$13m to expand food preservation solutions

USA – Hazel Technologies, a USDA-supported agricultural technology start-up, has raised US$13 million in Series B funding to expand its shelf life-extending solutions. Led by Pangaea Ventures and S2G Ventures, the Series B funding brings the […]

Stakeholders fault presidential directive on forex ban for food imports

NIGERIA – Following the recent directive by Nigeria’s President Muhammadu Buhari ordering the Central Bank of Nigeria to stop providing forex for food importation in the country, several stakeholders have called on the Government to […]

Rwanda secures US$91m funding to enhance food security efforts

RWANDA – The government of Rwanda has secured a US$91 million (Rwf83bn) funding from Japan to supplement the country’s effort to tackle malnutrition, reports New Times Rwanda. The agreement was signed between Rwanda’s Minister of […]

KitKat Chocolatory releases limited edition of rare volcanic chocolate bar

AUSTRALIA – Nestlé’s KitKat Chocolatory has released a new limited-edition range, KitKat Chocolatory Sublime Volcanic, made from one of the world’s rarest cocoas. The KitKat Chocolatory Sublime Volcanic is so named as the cocoa has been sourced […]

Biena Snacks secures US$8 million funding to expand plant-based foods

USA – Boston’s plant-based snacking brand, Biena Snacks has secured US$8 million in Series B financing led by MAW Investments, to accelerate growth of the brand. MAW Investments is a private equity firm created by former Snyder’s-Lance […]

First US plant-based education centre opens amid growing demand for meat-free diets

USA – The first fully plant-based US nutrition and culinary education centre, the Centre for Plant-Based Living (CPBL) is opening in St. Louis, Missouri. The centre, which comes at a time when demand for information […]

Nestlé Japan to replace KitKat plastic wrappers with paper packaging

JAPAN – Nestlé Japan has announced that it is launching recyclable paper packaging for its KitKat products in  part of its initiative to make 100% of its packaging recyclable or reusable by 2025. Japan is […]

Agritech firm Cambridge Crops raises US$4m in funding to combat food waste

USA – Cambridge Crops, a US based agricultural tech firm has raised US$4 million in seed funding for its pioneering silk-powered technology, designed to combat food waste throughout the supply chain. The funding round was […]

Valeo Foods Group in talks to acquire Campbell’s snacks brands

IRELAND – Irish food group, Valeo Foods is in exclusive talks with Campbell Soup to buy the company’s Kettle Foods business in UK and Ireland for about US$60million (€54 million). Earlier this year, Campbell hired […]