Food Business Africa - Week 11 News

AFRICAN NEWS HEADLINES

Kenya suspends milk powder imports from Uganda

KENYA?–?The Kenya Dairy Board?has stopped the importation of milk powder from Uganda in an attempt to “cushion the industry from surplus production and low producer prices”?.?. .More

Heineken given go-ahead for Distell Group takeover

SOUTH AFRICA?-?South Africa’s Competition Tribunal has granted Heineken approval to take control of Distell Group and Namibia Breweries, paving the way for the Dutch brewer?to create a new business in Africa, in which it will own majority control.?. .?More

Sea Harvest to acquire shares in Viking Aquaculture for US$11.2M

SOUTH AFRICA?-?Sea harvest, a seafood and aquaculture company, is set to acquire an additional?28% of?shares in Viking Aquaculture, an abalone and oyster producer, for ZAR210 million (US$11.2M)?.?. .?More

Meet us and grab a copy of our new Sustainable Packaging magazine at Propak East Africa

KENYA?-?Propak East Africa is set for this week on March 14-16 at the Sarit Expo Center in Nairobi, whereas the Official Media Partner, we shall be distributing our new?Sustainable Packaging Africa magazine?.?. .?More

Diageo US$177m East African Breweries offer oversubscribed in first phase

KENYA –??British multinational Diageo’s offer to buy an additional 14.97 percent stake in East African Breweries Plc (EABL) for KES22.7 billion (US$176.86 million) has been oversubscribed in its first phase?. .More

Tingo Foods to build a US$150mn net zero-carbon emission solar plant

NIGERIA –??Tingo Foods Plc, has entered into a partnership with Evtec Energy to build a US$150m net zero-carbon emission solar plant, to strengthen its transition towards sustainable and cost-effective energy in operations. . .More

GLOBAL?NEWS HEADLINES

Carlsberg’s CEO Cees ’t Hart to retire in Q3 2023

DENMARK -?The Supervisory Board of Carlsberg Group has?received?a retirement application from the group’s CEO Cees ‘t Hart?by the end of Q3 2023 at the latest, after eight successful years at the helm. . .?More

ADM and Marel partner to increase alternative protein capabilities

NETHERLANDS - Chicago-based ADM has entered into a joint venture agreement with Marel, a leading provider of advanced food processing solutions, to build an innovation center in the?Wageningen Campus?to enhance the production of alternative proteins.?. .?More

Hershey permanently enters global plant-based chocolate market

USA -?Multinational chocolate manufacturer, Hershey, has introduced an oat-milk version of its popular Reese’s Peanut Butter Cups and a new oat-milk chocolate bar with sea salt and almonds, a confirmation of permanent existence in the global?vegan chocolate market. . .More

Mexico to allow importation of Brazilian beef amid inflationary pressures

MEXICO?- Mexico is set to allow beef imports from Brazil for the first time as it looks to diversify its food supply amid a high inflation rate of?more than 8% recorded in January 2023?. . .?More

WHO calls for sodium reduction policies in member states to avert nutrition-related mortality

SWITZERLAND -?The?World Health Organization (WHO) has noted with concern that the global average daily salt intake is more than double its recommended levels, placing the world off-course to meeting its 2025 goal of a 30% reduction in sodium intake.?.?. .?More