Food Business Africa - Week 05 News
AFRICAN NEWS HEADLINES
Israeli company Dagan to set up fish farming agro-industrial complex in Angola
ANGOLA - Israeli agriculture automation company Dagan is expected to lead in the planning and construction of a 25 hectares agro-industrial complex dedicated to fish farming in Angola . . .More
Zimbabwe's largest beef producer CSC-Bousted to resume exports
ZIMBABWE - After the recent reopening of Zimbabwe’s largest beef processor and marketer, CSC-Boustead Beef Zimbabwe, the company announced it will resume exporting beef effective in the first quarter of the year . . .More
Bua Foods reports 30% profits surge in FY2022 results
NIGERIA - Bua Foods, a leading FMCG company in Nigeria, has posted an after-tax profit of 90.4 billion naira (US$195.4 million) for Full Year 2022 performance, representing a 30% rise in profits when compared to the same period last year. . More
Africa secures US$30bn from development partners to boost agriculture
AFRICA - The continent has secured US$30bn from the second Dakar Summit to back its resolve to boost agricultural productivity and become a breadbasket for the world. . .More
Appolinaire Djikengm becomes first African to lead ILRI
KENYA – Appolinaire Djikengm, a Cameroonian biologist and researcher, has become the first African to lead the International Livestock Research Institute (ILRI) following his recent appointment as Director General . . . More
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GLOBAL NEWS HEADLINES
Tate & Lyle Plc rebrands business to become purpose-led and growth-focused
UK - Tate & Lyle Plc, a British-multinational supplier of food and beverage ingredients, has unveiled its new brand which includes a new logo, typography, new imagery as well as a new narrative and tone of voice, intended to help it become a purpose-led, growth-focused specialty food and beverage solutions business. . . . More
Dole Plc divests US fresh vegetable division to Fresh Express for US$293m
USA - Dole plc, an Irish agricultural multinational corporation, has offloaded its fresh vegetables division in the US to Fresh Express, a wholly owned subsidiary of Chiquita Holdings for US$293 million . . . More
Nestlé to increase production capabilities in Colombia with US$100M investment
COLOMBIA - Swiss multinational food giant, Nestlé, will invest US$100 million over the next three years in its Colombian operations, building on US$13 million already spent in strengthening its presence and operations in the South American country. . . . More
Danone moots sale of US organic dairy business as part of renewal strategy
USA - Food and beverage giant, Danone, is exploring strategic options, including a potential sale, for its US organic dairy business, Wallaby and Horizon Organic, as part of its Renew Danone strategy that aims to restore Danone’s competitiveness in core categories and geographies. . . More
Unilever picks FrieslandCampina's Chief Hein Schumacher as new CEO
UK - Multinational consumer goods giant Unilever has tapped Royal FrieslandCampina CEO Hein Schumacher to succeed current CEO Alan Jope, who announced his intentions to retire from the company in September 2022 . . . More