Food Business Africa News

AFRICAN NEWS HEADLINES

Kerry opens new US$5M manufacturing facility in Uganda

UGANDA – Irish taste and nutrition giant Kerry has unveiled a new US$5 million manufacturing plant in Uganda designed to drive innovation among?local food and beverage manufacturers. . .?More

Kenya suspends licenses of second-generation alcohol manufacturers

KENYA – Kenya has suspended licenses of second-generation alcohol manufacturers and distillers pending fresh vetting amid the increasing menace of illicit brews in the country. . .?More

Dangote Sugar records first annual loss in 13 years

NIGERIA?–Dangote Sugar Refinery Plc has recorded an after-tax loss of US$47.7 million for 2023?attributing the setback to the devaluation of the naira and the subsequent increase in finance and input costs. . .?More

Astral Foods announces sale of Quantum Foods Stake

SOUTH AFRICA –JSE-listed integrated poultry producer Astral Foods has successfully disposed of its 9.8% interest in Quantum Foods for a sum of R141.7 million, generating enough cashflow to strengthen its financial position. . .?More

KBL unveils fresh look for Kenya Cane Spirit Brand?

KENYA – ?Kenya Breweries Limited (KBL), part of East African Breweries Limited (EABL), has officially launched the new look of their famous spirit brand Kenya Cane popularly known as KC.?. .?More

GLOBAL?NEWS HEADLINES

JDE Peet’s appoints Luc Vandevelde as Interim CEO?

NETHERLANDS – JDE Peet’s, the owner of coffee brands including Douwe Egberts and L’Or, has announced the appointment of Luc Vandevelde as its interim chief executive, effective April 1, following the set departure?of Fabien Simon?. . .?More

Unilever invests US$80M in production of Liquid IV?

USA – Unilever has unveiled plans to invest more than US$80 million in expanding its Jefferson City facility to bolster operations for the production of Liquid I.V., a science-backed hydration brand under its Health & Wellbeing business?. . .?More

India’s Pansari Group launches Tvoy Green Tea ?

INDIA – Pansari Group ventures into the world of premium green tea with the launch of Tvoy green Tea at AAHAR 2024, the International Food and Hospitality Fair organized by the India Trade Promotion Organisation (ITPO). . .?More

Azelis records revenue of US$4.6B in FY revenue for 2023?

UK- Global specialty food ingredients distributor, Azelis, has achieved US$4.6 billion in revenue demonstrating a year-on-year growth of 1.0% (or 5.3% on a constant currency basis), showcasing?a robust financial performance for the fiscal year 2023?.?. .?More

Asahi Group consolidates UK production operations

UK – Asahi Group Holdings has announced the closure of its Meantime brewery in Greenwich, south-east London, in a strategic move to consolidate?its UK production operations.?. .?More

PAST NEWS HEADLINES

UBL appoints Catherine Ndungu as Marketing & Innovations Director??.?. .?More South African beef enters Saudi market??.?. .?More Mandla Nkomo named CEO of Partners in Food Solutions?. . .?More ABF Ingredients appoints Ingredion’s Jeremy XU as CEO??.?. .?More Celsius Holdings reports 102% increase in revenue in FY 2023???. . .?More