Food Business Africa News

AFRICAN NEWS HEADLINES

AFMASS Food Expo Eastern Africa 2024 offers opportunities for speakers

AFRICA - AFMASS Food Expo invites leaders and experts to join us as speakers for our upcoming event, AFMASS Food Expo Eastern Africa 2024, scheduled for June 12-14, 2024, at the Sarit Expo Centre in Nairobi, Kenya.?. .?More

Daybreak Farms plans US$13M debt deal to stabilize operations

SOUTH AFRICA -?Daybreak Farms Pty Ltd, a leading South African poultry producer, has announced a debt deal worth R250 million (US$13 million) to stabilize its operations and optimize its balance sheet.?. .?More

Beer Association of South Africa appoints Charlene Louw as CEO

SOUTH AFRICA – The Beer Association of South Africa (BASA) has announced the appointment of Charlene Louw as its new chief executive officer, succeeding Patricia Pillay. . .?More

Kenya threatens to revoke licenses of 24 second-generation alcohol manufacturers

KENYA – Kenya has issued a stern warning to 24 alcohol manufacturers, including prominent industry players like Keroche Breweries and London Distillers, threatening to revoke their licenses if they fail to comply with government guidelines within 21 days. . .?More

Economic advocacy group challenges proposed tax increase on SSBs in Nigeria?

NIGERIA – Nigeria’s Corporate Accountability and Public Participation Africa (CAPPA) has come under scrutiny as ThinkBusiness Africa questioned the feasibility and implications of CAPPA’s proposal to significantly raise taxes on Sugar-Sweetened Beverages (SSBs) in the country.?. .?More

GLOBAL?NEWS HEADLINES

PepsiCo invests US$151.8M in India?

INDIA – PepsiCo India has announced a substantial investment of INR 1266 crore (US$151.8 million) in India to establish a cutting-edge flavour manufacturing facility for the food and beverage sector.?. .?More

Corbion divests emulsifier business

US – Kingswood Capital Management LP, a private investment firm, has completed the acquisition of Corbion’s emulsifier business for US$362 million as it aims to enhance its operational capabilities and market presence. . .?More

Bumble Bee seafoods appoints Andrew Choe as new CEO?

USA – Bumble Bee Seafoods a California-based company that produces canned tuna, salmon and other seafoods, has appointed Andrew Choe as the new CEO, effective April 1st. . .?More

Steakholder Foods unveils 3D-Printed alternatives to meat and fish?

USA—Steakholder foods has introduced two innovative 3D-printed meat blends, SHMeat and SHFish, in the United States as the company aims to revolutionize the way consumers perceive and consume meat substitutes?.?. .?More

Carrefour resolves pricing dispute with PepsiCo?

FRANCE— PepsiCo and Carrefour have reportedly reached a resolution in a pricing dispute that caused the French retailer to remove PepsiCo’s food and beverage brands from its shelves across Europe earlier this year.?. .?More

PAST NEWS HEADLINES

Nestlé to invest US$131M in black-owned businesses in Eastern & South Africa?.?. .?More

Cadbury Nigeria suffers N19.09 bn loss in 2023? ??.?. .?More

Heineken expands production capacity in Rwanda?? . . .?More

PepsiCo to invest US$400M in Vietnam?.?. .?More

Kemin Food Technology names Brian Odino as Technical Sales manager for North America??. . .?More