Food Business Africa - Week 36, News

AFRICAN NEWS HEADLINES

Quick Cart transforms grocery delivery with 10-Minute service

KENYA – Quick Cart Africa Inc., a Kenyan-based e-commerce startup, has emerged as a game-changer in the grocery delivery industry with its revolutionary app that guarantees doorstep deliveries within just 10 minutes.?. .?More

Unilateral Sugar Tax increase threatens South African cane growers?

SOUTH AFRICA – South Africa’s sugarcane industry is facing an ominous threat as the National Treasury pushes forward with a unilateral increase in the Health Promotion Levy (HPL), commonly known as the sugar tax.?. .?More

Tea Factory partners with Chinese investor to set up orthodox tea processing plant

KENYA – Ikumbi Tea Factory has signed a deal with Poly Intercontinental Trading Limited (Poly), a Chinese company active in the imports and exports business, to set up an orthodox tea processing plant.?. .?More

Barry Callebaut’s US$400,000 reward sparks cocoa revolution in Nigeria

NIGERIA – Barry Callebaut, has taken a remarkable step in recognizing the dedication and hard work of 3,000 cocoa farmers by rewarding them with a total of US$419,550.?. .?More

Government initiates Beer-Marking System to combat fraud

CAMEROON – Cameroonian president, Paul Biya, in his recent preparations for the 2024 State Budget, has issued instructions for the effective implementation of a beer-marking system in Cameroon to combat fraud. . .?More

GLOBAL?NEWS HEADLINES

Arla Group’s half-year revenue reaches US$8.26 billion despite inflationary pressure

DENMARK – Danish dairy giant, Arla Foods has defiled all market challenges to achieve a 10.7% revenue growth to?S$8.6 billion for the first half of 2023 but?has lowered its full-year expectations for revenue to?US$14.3-14.8?billion?.?. .?More

Pernod Ricard reports 10% increase in net sales for fiscal year 2022/23

FRANCE – Pernod Ricard, the owner of Absolut vodka, has reported a 10% organic net sales growth to €12.1 billion (US$13.16bn) despite a volatile environment and aims?for an?upper end of a 4% to 7% net sales growth range in fiscal??2023 to 2025?.?. .?More

Burger King faces class action lawsuit for selling less-sized Whopper burger?

USA - The?American-based multinational chain of hamburger fast-food restaurants, Burger King, has been accused of misleading customers by showing Whopper burger with a meatier patty and ingredients that “overflow over the bun” but sells 35% smaller of it???.?. .?More

Fonterra reveals ambitious plan to cut US$598 million in costs?

NEW ZEALAND - New Zealand’s dairy giant, Fonterra, has unveiled a strategic plan aimed at slashing approximately US$598 million in costs over the next seven years, responding to a sharp fall in global dairy prices??. . .?More

Bubs Australia welcomes Reg Weine as new CEO, renews focus on growth

AUSTRALIA - Bubs Australia, a prominent player in the infant formula industry, has announced the appointment of Reg Weine as its new Chief Executive Officer (CEO), marking a significant move for the company as it aims to navigate challenges and drive growth?. . .?More

Insights from the?latest issue of Food Business Africa Magazine

Food Business Africa Issue 57:??With sugar prices going through the roof, our?latest issue of?Food Business Africa Magazine?explores Monk fruit as a viable alternative. We look at recent innovations and successful applications in the food industry.

PAST NEWS HEADLINES

American quick service restaurant Papa John’s to open first Sub-Saharan outlet in Kenya.?. .?More

KOA commissions Africa’s largest cocoa fruit factory in Ghana?.?. .?More

Kentaste, US agency partner to launch US$1.6M project catapulting firm into US nut market?. . .?More

FDA appoints new Human Foods Program Director?.?. .?More

Anora to distribute select beer brands of AB InBev in Finnish, Norwegian markets?. . .?More