Food Business Africa News

AFRICAN NEWS HEADLINES

Tiger Brands unveils State-of-the-Art peanut butter facility in South Africa

SOUTH AFRICA - Tiger Brands has just opened a state-of-the-art factory dedicated to producing peanut butter for its well-known Black Cat brand.?. .?More

Kenyan sugar millers threaten to cease operations amid cane pricing disputes

KENYA – Sugar millers in Kenya have issued a warning that they might halt their operations by the end of the week due to a heated dispute with farmers regarding the pricing of sugarcane.?. .?More

Uber Eats debuts in Kisumu, expanding its footprint in six cities

KENYA- Uber, the ride-hailing company, has revealed its plans to introduce its food-delivery service, Uber Eats, in Kisumu. . .?More

FODECC plans US$19.6M grant for cocoa-coffee producers in Cameroon?

CAMEROON- The Cameroon Cocoa and Coffee Development Fund (FODECC) has unveiled its intentions to provide financial assistance to 75,231 coffee and cocoa producers, totaling US$19.6 million in 2024.?. .?More

Tanzania struggles with sugar production amid shortage of seedlings

TANZANIA -The Tanzania Society of Sugar and Cane Technologists (TSSCT) has voiced apprehensions regarding the inadequate availability of sugarcane seedlings, identifying it as a significant factor contributing to the nation's diminished sugar production.?. .?More

GLOBAL?NEWS HEADLINES

Hershey sales and income increase in Q1 2024

USA – Confectionary company Hershey Co., has reported a 36% increase in net income from US$587 million in Q1 2023 to US$797 million in Q1 2024.?. .?More

Nescafé launches new Espresso Concentrate for Iced Coffees?

SWITZERLAND – Nescafé has launched a new product called Espresso Concentrate, specifically designed to cater to the increasing preference for cold coffee among consumers.?. .?More

McDonald’s India franchisee Westlife reports a 96% PAT profit decline in Q1 FY24

INDIA—?Westlife Foodworld, the franchisee of McDonald’s in India, has disclosed a decline in its consolidated profit after tax (PAT) to US$91,012 in the first quarter of 2024, down from US$2.4 million.?. .?More

Tetra Pak introduces sustainable homogenizers crafted with low-emission stainless steel?

SWEDEN – Tetra Pak has unveiled a substantial expansion of its homogenizer lineup by introducing machines constructed using Outokumpu Circle Green stainless steel.?. .?More

Oman’s meat market shows encouraging growth as export surge by 45%

OMAN –?In 2023, Oman saw a significant increase in its livestock exports, soaring to an impressive US$8.3 million.?. .?More