Kenyan confectionery firms lose US$1.3m in export earnings from sweet row

KENYA - Local sugar confectionery firms have lost US$1.34 million in export earnings in the six months ended June, reflecting the impact of trade war between Kenya and Tanzania, reports Business Daily. According to Kenya National Bureau of Statistics (KNBS), earnings from sugar confectionery that is, sweets, biscuits and chocolate fell to US$23.57 million from…

Nestlé launches new improved MILO with 25% less sugar

INDONESIA - Nestle, a transnational food and drink company, has launched new MILO with improved recipe, and 25% less sugar, as part of its continuous innovation and commitment to providing healthier and tastier choices. “Our commitment to enhancing quality of life and contributing to a healthier future is what motivates Nestlé’s innovation and renovation efforts…

Nestle launches new range of fruit and vegetable nut bars in the UK

UK – Nestle, a Swiss transnational food and drink company, has launched new snacks brand in the UK this month with a range of fruit and vegetable and nut bars specially crafted to be both delicious and wholesome. According to the company, the new YES! bars remove the compromise and deliver a tasty snack by…

Excitement galore greets new products winners at the Awards ceremony

KENYA– There was excitement as the winners of the new products category were announced at the just concluded  Africa Food Industry Excellence Awards ceremony that took place on September 14, 2018 in Nairobi, Kenya. On an evening full of pomp and colour, Coca-Cola Beverages Africa, East African Breweries Ltd (EABL) and Bio Food Products showed their…

Product reformulation a success in Ireland, industry says

EUROPE - The Irish trade association, Food Drink Ireland (FDI) has said that product reformulation rather than taxes, has brought tangible results for public health, a critical indicator for the success of the industry, a Euractiv article reveals. This is in line with the 2016 Reformulation Project report launched by FDI in collaboration with Crème…

Government opens new bidding process for stalled sugar projects

ETHIOPIA - The government of Ethiopia has announced a new bidding process for the construction of stalled sugar projects and is considering awarding the work to Chinese firms for completion, reports Addis Fortune. Sugar Corporation, the government-owned sugar milling firm responsible for the construction of the sugar factories has invited three companies to visit the…

Tanzania reaches consensus to allow Uganda sugar imports amid duty

TANZANIA - Tanzania has reached an agreement to allow sugar imports from Uganda though this would only happen during periods of scarcity, a report from the Joint Permanent Commission meeting held in Kampala reveals. According to theEastAfrican, the meeting was attended by permanent secretaries from the two East African countries and came after a series…

Nestlé and Starbucks successfully close deal for Nestlé’s rights to market Starbucks goods

SWITZERLAND - Nestlé and Starbucks Corporation have announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops. According to Nestle, the two companies will work closely together on the existing Starbucks range of roast and ground coffee, whole…

Britannia approves 1:2 share split to enhance stock affordability and liquidity

ASIA - Britannia Industries’ board has approved share split in the ratio 1:2 to make stock more affordable for the small retail investors and increase liquidity. According to ET Retail, the division which awaits approval of the members and authorities will see authorization of 250m shares worth US$7.14mn in share capital besides 120.1m equity shares…

Kenya Standards’ officials and others in ‘toxic’ sugar case granted bail

KENYA - Two officials from Kenya Bureau of Standards (KEBs) and three directors from companies implicated in illegal and sub-standard sugar importation have been released on bail, reports Daily Nation. The officials alongside a port health officer have been accused of being involved in the release of 10,000 bags of substandard sugar packed in 50 kilogram…