Food Business Africa Week 48 News

AFRICAN NEWS HEADLINES

RFG Holdings reports bountiful annuals benefitting from international business

SOUTH AFRICA?- South Africa’s leading producer of fresh, frozen and long-life convenience meal solutions, RFG Holdings, has reported a 57% rise in headline earnings to R361 million (US$21m) in the year to September 2022, driven by higher global demand for canned fruit products.?. .? More

Integrated poultry company Irvine’s?inaugurates?US$4.3m new feed mill in Botswana

BOTSWANA?- Irvine’s, a regional poultry producer with roots in Zimbabwe, has officially opened its new P56 million (US$4.34m) poultry feed mill in Botswana?to?ensure a reliable supply of high-quality feed to both large and small-scale poultry producers?.?. .? More

Eni pilots oil seeds cultivation for use as bio-fuels?in Rwanda

RWANDA?-?Eni, the Italian energy company, is set to undertake a pilot project for the production of a variety of for oil seeds crops and the use of drones for soil analysis and crop monitoring in Rwanda, representing?the first ‘open-air laboratory’ on the African continent. .More ?

Africa makes progress in industrialization over the past decade, set for more growth

AFRICA?- The African Development Bank, the African Union and UNIDO, in a joint edition of AII?report and the complementary African Industry Observatory, say thirty-seven of 52 African countries have become more industrialized over the past eleven years?. .?.? More

Woolworths to list shares for trade on A2X Markets

SOUTH AFRICA?- JSE-listed retail group Woolworths has announced it will list its shares for trade on?a secondary?listing venue for companies?on the A2X exchange with effect from 2 December 2022?. . .?More

GLOBAL?NEWS HEADLINES

Nestle commits to invest US$1.86 bln in Saudi Arabia over 10 years

SAUDI ARABIA?- Swiss food giant Nestlé is to invest up to seven billion riyals (US$1.8 billion) in Saudi Arabia over 10 years in a bid to strengthen its presence in the kingdom and in other Middle East and North Africa?markets?.?. .More

Molson Coors ends agreement with Hexo corp. and La Colombe

USA?- American beverage giant Molson Coors is set to exit the US CBD beverage market, where it was in business under Truss CBD USA and Philadelphia-based La Colombe, as it continues to find its competitive strengths in its emerging growth division..?. .More

Danish Crown invests US$103m in construction of gammon and bacon plant in UK

UK?- Food giant Danish Crown has plans of investing ￡ 100 million (US$103m) in the construction?of its first production facility of gammon and bacon?in Rochdale, Greater Manchester.?. .?More

Del Monte Foods opens new facility in Qatar to meet anticipated?demand

UAE?- Fresh Del Monte Produce's subsidiary?in Qatar, Del Monte Foods WLL, has completed the construction of a?facility which will enable it?meet and take advantage of the heightened demand for its products during upcoming touristic events?.?. .? More

EU court annuls titanium dioxide regulation as cancer-causing

EUROPE?– The EU Court of Justice has overturned the European Commission's regulation which?classifies?the common?whitener, titanium dioxide (TiO2), as?carcinogen.??. .More