Food Business Africa News

AFRICAN NEWS HEADLINES

Kenya’s tea prices plunge 6.8% amid quality concerns?

KENYA - Export prices for Kenya’s tea presented at the Mombasa auction have recorded a 6.8 percent decline to Kes283.4 (US$2.18) amid increasing quality concerns and weaker demand from top buyers.?. .?More

Afgri Poultry rebrands to Daybreak Food?

SOUTH AFRICA - Afgri Poultry has finalized its name change to Daybreak Foods after completing the necessary registration processes with the Companies and Intellectual Property Commision (CIPC), a move aimed at solidifying their industry presence?.?. .?More

Tiger Brands inaugurates peanut butter plant in Johannesburg?

SOUTH AFRICA - Tiger Brands recently inaugurated a R300 million Peanut Butter plant in Chamdor, Krugersdorp, marking a significant milestone for South Africa's iconic Black Cat brand. . .?More

Zanzibar declares key liquor import provision unconstitutional

ZANZIBAR - The High Court in Zanzibar has invalidated a key provision of the Liquor Control Act, which restricted liquor importation to only three companies, citing its infringement on citizens' rights and its discriminatory nature.?. .?More

Ivorian cocoa bean producers call for increased purchase prices

IVORY COAST - Two cocoa bean producer organizations in Ivory Coast, Le Synap CI and l’anaproci, are advocating for higher purchase prices, arguing that the current rates set by the Ministry of Agriculture do not provide sufficient safety margins for farmers.?. .?More

GLOBAL?NEWS HEADLINES

Goodwell Investments backs OmniRetail’s Series A Funding Round?

NETHERLANDS – Goodwell Investments has announced its recent investment in OmniRetail through Goodwell’s uMunthu II fund in collaboration with Alitheia Capital, kickstarting OmniRetail’s Series A fundraising round.?. .?More

Ingredion appoints Michael Leonard as Chief Innovation Officer?

US – Ingredion Incorporated, a prominent player in the food and beverage industry, has announced the appointment of Dr. Michael Leonard as senior vice president, chief innovation officer, and head of protein fortification, effective May 13, 2024.?. .?More

McCain Foods acquires Strong Roots Company?

CANADA – McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots, marking the culmination of a strategic partnership that began in 2021 with a $55 million investment.? . .?More

Cargill collaborates with Voyage Foods to expand production of cocoa-free chocolate

USA – Cargill has collaborated with California-based cocoa-free chocolate start-up, Voyage Foods, to expand the production of cocoa-free chocolate amid growing global demand for sustainable confectionery options?.??. .?More

Heinz, Mattel launch limited-edition ‘Barbiecue’ sauce?

EUROPE – Heinz has teamed up with Mattel to introduce a special edition ‘Barbiecue’ sauce in the UK and Spain to mark the 65th anniversary of the Barbie brand.?. .?More

PAST NEWS HEADLINES

EABL launches Kes100M consumer promotion campaign??.?. .?More Johannesburg Court overturns seizure of plant-based meat alternatives? ??.?. .?More

Supreme Meat to establish modern pork processing plant in Nigeria? . . .?More Molson Coors to invest US$125M in UK brewery network??.?. .?More

Princes Group appoints Simon Harrison as new CEO???. . .?More