Food Business Africa - Midweek 15, News
AFRICAN NEWS HEADLINES
Unilever launches Shiro ingredient fortified with vitamin A
ETHIOPIA –?Ethiopian Unilever brand for soups and cooking aids Knorr has launched a?new fortified stew powder inspired by a commonly consumed vegetarian stew in the Eastern African country, marketed under the name Knorr Miten Shiro?.?. .More
Pearl Dairy seeks US$35m from IFC support for its expansion
UGANDA –?Ugandan dairy giant Pearl Dairy, is seeking?a US$35m debt investment from the International Finance Corporation (IFC) to support its ambitious expansion plans in Kenya as well as boosting its own to boost production of powder milk?.?. .?More
Lactalis SA launches US$7.7m new powder facility in Western Cape
SOUTH AFRICA – One of the leading African dairy processors, Lactalis South Africa (SA), launches a US$7.7 million new evaporator dryer power facility to boost its skimmed milk production capacity?and enable it?to acquire a bigger market share in the predicted market growth?.?. .?More
Egypt receives offers to acquire shares in government-owned bottling company
EGYPT –?Egypt has received offers from investors to purchase shares in the National Company for Producing and Bottling Water (Safi) that has been?offered to the private sector for investment as a first phase before listing on the?EGX??.?. .?More
Victory Farms secures US$35m to expand operations in East Africa
KENYA – Kenya-based aquaculture platform Victory Farms, has received US$35 million from venture capital (VC) investors in a Series B funding round to scale up its platform?and expand its food print within the Eastern Africa region. . .More
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GLOBAL?NEWS HEADLINES
Danone considers rebranding popular products in Russian market
RUSSIA -??Danone, owner?of Russia’s top dairy brand?Prostokvashino, is reportedly considering rebranding some of its popular products such as Activia, Alpro, Actimel, and Danone?in Russia to maintain its market share?. . .?More
IFF unveils new enzymatic solution to stabilize beer more efficiently
USA -?IFF?has tailored a new enzymatic solution that allows breweries to maintain the clarity of beer with a smarter, simplified process as well as achieve a more cost-efficient and robust stabilization process,?and reduce gluten content?. . .?More
Eggflation to remain high throughout 2023: Rabobank Report
GLOBAL -??Rabobank's market research points out that egg prices will?stay relatively high throughout 2023, especially in markets heavily impacted by avian flu, high feed costs, and regulatory changes?. . .More
PepsiCo partners with Cropin to boost potato farming in India?
INDIA?- Beverage giant PepsiCo?in partnership with Cropin has unveiled a crop & plot-level predictive intelligence model in India to help farmers maximize potato yields coupled with quality via functional dashboards on user-friendly mobile apps?. . .More ?
Malteries Soufflet intends to create world’s largest maltster