Food Business Africa News
AFRICAN NEWS HEADLINES
Highlands Drinks ordered to pay KRA US$2.5M in taxes
KENYA – Highland Drinks Limited, a Kenyan soft beverage company, has been directed to pay Kes 403 million (US$2.54M) in taxes to Kenya Revenue Authority (KRA) by the Kenyan tax tribunal. . . More
KFC expands presence in Angola with new store in Viana
ANGOLA – American fast food restaurant chain KFC has expanded its presence in Angola with the opening of a new store in the municipality of Viana bringing the total number of stores in the country to ten. . . . More
Sugar production in Kenya rebounds as cane harvest ban ends
KENYA – The volume of sugarcane delivered to sugar factories in Kenya for milling more than doubled in December compared to the previous month, coinciding with the end of a four-month ban on the production of the sweetener. . . . More
Ethiopia coffee sector hatches plan to comply with EU deforestation-free regulation
ETHIOPIA – Ethiopia has revealed a comprehensive action plan for its coffee sector to align with the European Union Deforestation-free Regulation which came into effect on 29 June 2023. . . More
Kenya restricts tilapia imports from China to protect locals
KENYA – Kenya has erected barriers against tilapia imports from foreign sources to protect local fishermen and farmers, a move which has resulted in imports of the delicacy from China plunging 54.4 percent in 2023. . . . More
GLOBAL NEWS HEADLINES
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The Coca-Cola Company records 6% growth in net revenue
USA – The Coca-Cola Company has reported net revenue of US$45.8 billion for the full year ending December 31, 2023, a 6% growth that the company attributed mainly to inflation-driven higher prices.. . . . More
PepsiCo reports 5.9% full-year revenue growth despite challenges
USA – PepsiCo, the American multinational beverage and snack company, overcame challenges, including a difficult Q4, to achieve a 5.9 percent growth in revenue, reaching US$91.47 billion for the full year 2023. . . . More
Bioriginal Food & Science acquires POS Biosciences
CANADA – Bioriginal Food & Science, a Canadian subsidiary of Cooke, has successfully acquired POS Biosciences from Canopy Growth, marking its fifth acquisition in the past year. . . More
Reliance Industries acquires Ravalgaon Sugar Farm
INDIA – Reliance Industries is set to acquire Ravalgaon Sugar Farm Ltd (RCPL), a prominent sweets and toffees manufacturer in India, through its wholly owned subsidiary, Reliance Consumer Products. . . More
Asahi Group accelerates Net-Zero ambitions to 2040
JAPAN – Japanese multinational beverage company, Asahi Group is pushing forward with its commitment to combat climate change by advancing its net-zero deadline from 2050 to 2040 . . . More
PAST NEWS HEADLINES
Coca-Cola Beverages Africa names Sunil Gupta as CEO. . More Pick n Pay recalls 3 peanut butter brands . . . More Uganda Breweries launches ‘Uganda’s first’ premium low alcohol beer . . . More India’s PepsiCo bottler Varun Beverages reports 77% surge in profit . . . More Singapore’s Fatwa Committee approves halal consumption of cell-based meat. . . More