Food Business Africa News

AFRICAN NEWS HEADLINES

UBL appoints Catherine Ndungu as Marketing & Innovations Director

UGANDA – Uganda Breweries Ltd (UBL),a subsidiary of beverage giant Diageo, has officially appointed Catherine Ndungu as the new Marketing & Innovations Director, effective from February 1, 2024. . .?M ore

South African beef enters Saudi market

SOUTH AFRICA – Beefmaster Group has introduced South African beef to the shelves of the Kingdom of Saudi Arabia (KSA)?after a comprehensive 15-month contract negotiation period. . .?More

Mandla Nkomo named CEO of Partners in Food Solutions?

AFRICA – Partners in Food Solutions (PFS) has named Zimbabwean National, Mandla Nkomo, as the new CEO, becoming the first African to lead the organization. . .?More

RCL Foods reports 8.4% increase in revenue

SOUTH AFRICA- RCL Foods?has announced an 8.4% increase in revenue reaching R20.1B?and a 48% year-on-year increase in Earnings before Interest for the six months ending December 31. . .?More

Woolworths records double-digit profit growth in H1 2024

SOUTH AFRICA – Woolworths Holdings Limited (WHL) records?a double-digit profit growth in H1 2024 despite undergoing a complex macroeconomic environment and facing challenges from the previous year.?. .?More

GLOBAL?NEWS HEADLINES

ABF Ingredients appoints Ingredion’s Jeremy XU as CEO?

UK – ABF Ingredients (ABFI), the Specialty Ingredients Division of Associated British Foods (ABF), has announced the appointment of Jeremy Xu as its Chief Executive Officer, effective April 9, 2024?. . .? More

Celsius Holdings reports 102% increase in revenue in FY 2023?

USA – Celsius Holdings has reported stellar financial performance for the full year 2023, posting record earnings with a 102 percent surge in revenue to US$1.32 billion, driven substantially by robust sales in North America?. . .?More

Nestlé invests US$32M in Australia to boost Milo production?

AUSTRALIA – Nestlé Australia is set to inject US$32 million into its Australia's Smithtown factory, marking a substantial investment in the site that manufactures Milo beverage?.?. .?More

Pernod Ricard appoints Gagandeep Sethi as Head of Sustainability

INDIA – Pernod Ricard India has appointed Gagandeep Sethi as the Head of Sustainability & Responsibility, in addition to his existing role as Senior Vice President of Integrated Operations.?. .?More

Starbucks franchises grapple amid Israel-Hamas war boycotts

ASIA – Starbucks franchise operators across the Middle East and Southeast Asia are grappling with significant business losses as boycotts gain traction in the wake of the Israel-Hamas war. . .?More

PAST NEWS HEADLINES

Heineken sells stake in Nigeria's Champion Breweries??.?. .?More Kenya earns US$1.2B from tea exports in 2023??.?. .?More Nestlé Nigeria reports US$48.7M net loss in 2023?. . .?More Kerry unveils enzyme for acrylamide reduction in coffee products???.?. .?More Symrise AG appoints Dr Jean-Yves Parisot as CEO???. . .?More