Food Business Africa News
AFRICAN NEWS HEADLINES
Kerry opens new US$5M manufacturing facility in Uganda
UGANDA – Irish taste and nutrition giant Kerry has unveiled a new US$5 million manufacturing plant in Uganda designed to drive innovation among local food and beverage manufacturers. . . More
Kenya suspends licenses of second-generation alcohol manufacturers
KENYA – Kenya has suspended licenses of second-generation alcohol manufacturers and distillers pending fresh vetting amid the increasing menace of illicit brews in the country. . . More
Dangote Sugar records first annual loss in 13 years
NIGERIA –Dangote Sugar Refinery Plc has recorded an after-tax loss of US$47.7 million for 2023 attributing the setback to the devaluation of the naira and the subsequent increase in finance and input costs. . . More
Astral Foods announces sale of Quantum Foods Stake
SOUTH AFRICA –JSE-listed integrated poultry producer Astral Foods has successfully disposed of its 9.8% interest in Quantum Foods for a sum of R141.7 million, generating enough cashflow to strengthen its financial position. . . More
KBL unveils fresh look for Kenya Cane Spirit Brand
KENYA – Kenya Breweries Limited (KBL), part of East African Breweries Limited (EABL), has officially launched the new look of their famous spirit brand Kenya Cane popularly known as KC. . . More
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GLOBAL NEWS HEADLINES
JDE Peet’s appoints Luc Vandevelde as Interim CEO
NETHERLANDS – JDE Peet’s, the owner of coffee brands including Douwe Egberts and L’Or, has announced the appointment of Luc Vandevelde as its interim chief executive, effective April 1, following the set departure of Fabien Simon . . . More
Unilever invests US$80M in production of Liquid IV
USA – Unilever has unveiled plans to invest more than US$80 million in expanding its Jefferson City facility to bolster operations for the production of Liquid I.V., a science-backed hydration brand under its Health & Wellbeing business . . . More
India’s Pansari Group launches Tvoy Green Tea
INDIA – Pansari Group ventures into the world of premium green tea with the launch of Tvoy green Tea at AAHAR 2024, the International Food and Hospitality Fair organized by the India Trade Promotion Organisation (ITPO). . . More
Azelis records revenue of US$4.6B in FY revenue for 2023
UK- Global specialty food ingredients distributor, Azelis, has achieved US$4.6 billion in revenue demonstrating a year-on-year growth of 1.0% (or 5.3% on a constant currency basis), showcasing a robust financial performance for the fiscal year 2023 . . . More
Asahi Group consolidates UK production operations
UK – Asahi Group Holdings has announced the closure of its Meantime brewery in Greenwich, south-east London, in a strategic move to consolidate its UK production operations. . . More
PAST NEWS HEADLINES
UBL appoints Catherine Ndungu as Marketing & Innovations Director . . . More South African beef enters Saudi market . . . More Mandla Nkomo named CEO of Partners in Food Solutions . . . More ABF Ingredients appoints Ingredion’s Jeremy XU as CEO . . . More Celsius Holdings reports 102% increase in revenue in FY 2023 . . . More