Food Business Africa -Week 43, News
AFRICAN NEWS HEADLINES
Tiger Foods CEO Noel Doyle to depart after 3 years at the helm
SOUTH AFRICA – Tiger Foods, one of South Africa's largest consumer packaged goods companies, has announced the departure of its CEO Noel Doyle, who has been in charge for more than three years and spent nearly two decades at the company. . . More
New KCC modernization plan enters phase three
KENYA – The Kenyan government has initiated phase three of the modernization and upgrading of plants belonging to state-owned dairy processor New Kenya Cooperative Creameries (KCC). . . More
Pick n Pay diesel costs rise to 21.75M on back of load shedding
SOUTH AFRICA – Pick n Pay, a leading South African retailer, spent just under R400 million (US$21.75 million) on diesel alone in the 26 weeks ending August 27, the company's most recent financial report has revealed. . . More
Ivory Coast to build US$10.5M cocoa processing plant
IVORY COAST – Nyienfe Agricultural Cooperative Society of Duékoué (SCOOPRANYD) has entered into a joint venture with Italian partners to establish a US$10.5 million cocoa processing plant in Ivory Coast. . . More
Cosumar to invest US$48M in expanding sugar production
MOROCCO - The Moroccan Sugar Company (Cosumar) has announced plans to invest up to US$48 million to boost sugar production in the upcoming 2023/2024 campaign. . . More
GLOBAL NEWS HEADLINES
Nestlé reopens Israel plant amid Hamas conflict
ISRAEL – Nestlé has reopened a plant in Israel that it had previously closed as a precautionary measure to ensure the safety of its employees amid the ongoing conflict between Israel and the Palestinian militant group Hamas. . . More
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JM Smucker sells Pickle brands to TreeHouse Foods
USA – JM Smucker, a prominent American food and beverage manufacturer, has entered into a firm agreement to sell its Canadian pickle brands to TreeHouse Foods, an American peer headquartered in Oak Brook, Illinois. . . More
Marco Tschanz appointed as new CEO of Bell Food Group
SWITZERLAND – Bell Food Group, a leading European meat and convenience products processor, has appointed Marco Tschanz as Chief Executive Officer, effective June 1, 2024 . . . More
Italy withdraws from EU process studying plan to ban cultivated-meat sales
ITALY – Italy has opted to withdraw from a European Union's review process aimed at scrutinizing its proposition to prohibit the sale of cultivated meat within the country . . . More
UK poultry supplier Avara Foods plans closure of another facility
UK – UK poultry supplier Avara Foods, co-owned by agri-food giant Cargill, is considering the closure of yet another processing plant due to challenging economic times . . . More
Insights from the latest issue of Food Business Africa Magazine
Food Nutrition & Health: Ingredients for Mood & Cognition Mood and Cognition are among the top health concerns among consumers today. Formulating functional drinks with these two in mind can be the key to success of future functional food and drinks. Read the latest issue of Food Business Africa Magazine to find out some of the ingredients that you would just need to make that new beverage or food product a success.
PAST NEWS HEADLINES
Esther Ngari confirmed as KEBS Managing Director . . . More
Uganda earns US$940M from coffee exports in 2022/23 season. . . More
EABL expands returnable glass collection model for spirits. . . More
Savola Group explores sale of stake in Almarai. . . More
Coca-Cola and Pernod Ricard to release Absolut & Sprite vodka cocktail. . . More