UAE manufacturing giant Agthia Group to acquire majority stake in Egyptian meat processor Atyab

EGYPT – Abu Dhabi-listed food and beverage company Agthia Group has announced that its Board of Directors has approved a strategic acquisition of a majority stake in Ismailia Investments (Atyab), Egyptian producer of frozen processed chicken and beef products. The acquisition would see Agthia acquiring 75.02% in Ismailia Investments, giving it an enterprise value of 3.22 billion Egyptian pounds (US$205.6 million). Ismailia Investments has a portfolio of four brands – Atyab, Meatland, Shiketita and Furat – catering to the value, economy and premium segments of the Egyptian market, Agthia noted…

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World Animal Protection raises alarm on superbug contamination on meat sold in Kenya’s retail stores

KENYA – Nearly two years after an expose by a Kenyan media outlet on the rampant use of chemicals and preservatives by some butcheries and retailers to extend the shelf life of meat products, UK-based World Animal Protection has revealed that, a significant portion of chicken and pork meat sold in supermarkets is contaminated with bacteria or superbugs. Superbugs according to WHO are strains of bacteria, viruses, parasites and fungi resistant to most antibiotics and other medications commonly used treat the infections they cause. The World Animal Protection conducted a…

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Zambia, Angola strengthen trade relations through public-private sector collaboration

ZAMBIA – Zambia and Angola have joined hands to foster trade relations in the agriculture and livestock sector through enhanced private and public sector collaboration. This was agreed upon during the Mini Business Symposium between the two nations aimed at stimulating bilateral trade, which culminated with a visit to Zambia’s largest integrated cold chain foods and retail business, Zambeef. According to reports by Lusaka Star, Angola will tap into livestock products from Zambia which will enable it to reduce importation of the products from Europe and South America. In January,…

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UK delays post-Brexit border checks on certain foods, beverages to aid COVID-19 pandemic recovery

UK – A number of foods and beverages from the European Union will be exempted from border checks in the latest efforts by the UK government to assist its food and beverage sector to recover from the COVID-19 pandemic. Food Ingredients First reported that health certificates on imports such as meat and milk will be pushed back from next month to October to ensure smooth cross-border movement as the country acclimatizes to a new post-Brexit normal. “Physical checks have the potential to be among the most troublesome and cause the…

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Conagra in talks to sell brands worth US$700m to US beef processor JBS

US – Consumer Packaged Goods giant Conagra Brands may sell Hebrew National hotdog brand  to beef processor JBS as part of a deal worth around US$700 million, The Wall Street Journal has reported According to a report by WSJ, the transaction could also include other brands like Egg Beaters and Odom’s Tennessee Pride. The talks are however non-binding and Conagra could end up keeping the business or choose to sell it to another company. In recent months Conagra has turned to pruning its portfolio to focus on its signature frozen…

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Aleph Farms partners BRF to bring sustainable alternative protein to meat-loving Brazil

BRAZIL – The meat-loving nation of Brazil will now have an opportunity to taste a sustainable alternative to their preferred animal protein thanks to a new partnership between Israeli cultured meat startup Aleph Farms and Brazilian meat and food company BRF. According to a report by FoodBev, the two companies will partner to co-develop and produce cultivated meat using Aleph’s patented production platform BioFarm. BRF’s partnership with Aleph and subsequent entry into the alternative protein market is unprecedented as the company is one of the world’s largest producers of animal…

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Impact investor Sanlam Private Equity acquires majority stake in SA premium red meat supplier Cavalier Group

SOUTH AFRICA – South Africa’s state-owned development bank Land Bank along side an agricultural and trading firm Griekwaland-wes Korporatief Bpk (GWK), have sold their stake in Cavalier Group of Companies, a supplier of premium red meat products in the country to Sanlam Private Equity (SPE). The transaction whose amount has not been disclosed was undertaken through SPE’s Legacy Range-Private Equity Fund, one of its three impact funds launched in June 2020. To this end, Sanlam has acquired a majority stake in Cavalier Group, specializing in creating the shortest and most…

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Donnie King appointed as Tyson Foods Group Chief Operating Officer

US – American multination meat corporation Tyson Foods has appointed group president of poultry Donnie King to the role of chief operating officer (COO). The appointment comes at a time when the corporation which is the world’s second largest meat company is implementing a number of organisational changes intended to create a more agile business. King took up the position of group president of poultry in September 2020 and will continue to serve in this role, in addition to his COO duties. King first joined Tyson Foods in 1982 where…

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Prolonged drought in Namibia shrinks export market for beef products

NAMIBIA – Namibia’s beef export drastically declined from 26.6 million kilograms of 2019 to 8.4 million kilograms in 2020, attributed to the fact that livestock producers are rebuilding herds following the prolonged drought season. Data from the Meat Board of Namibia, has indicated that the country marketed 219 525 fewer cattle than in 2019 leading to the decline in number of cattle slaughtered which was 51 992 compared to 129 735 cattle in 2019. European countries, including Norway and the United Kingdom, took up a combined 3.3 million kilograms compared…

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Tyson to buy 49% stake in Malayan Flour Mills Berhad’s poultry business even as Q1 profits plunge

MALAYSIA – American multinational food corporation Tyson Foods has agreed to acquire a 49% stake in the poultry segment of Malaysian food manufacturer, Malayan Flour Mills Berhad (MFM). Tyson Foods, the world’s second largest processor and marketer of chicken, beef, and pork currently operates one plant and one innovation centre in Malaysia. The new partnership will see Tyson invest in the company’s vertically integrated poultry business, which includes feed mills, hatcheries, farms and processing facilities, with the aim of increasing supply flexibility for both companies. “Once completed, the poultry deal…

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