GLOBAL – Nestlé, a global food and beverage giant, has unveiled a bold ambition to boost the sales of its more nutritious products by CHF 20-25 billion by 2030. This target represents approximately 50% growth over its 2022 sales and aligns with Nestlé’s commitment to promoting “Good food, Good life.” Additionally, Nestlé is intensifying its efforts to facilitate balanced diets…
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Futurelife debut ‘Futurelife Mothers’ to provide optimal nutrition for expectant, lactating moms
SOUTH AFRICA – Futurelife, a leading cereal brand in South Africa, has introduced an innovative nutrition solution called Futurelife Mothers Food to support the nutritional needs of expectant and lactating mothers during the critical first 1000 days of a child’s life. According to UNICEF, “Good nutrition during the first 1,000 days provides the building blocks for healthy brain development.” Recognizing…
Read MoreKellogg’s SA celebrates 100 years with limited-edition artistic packaging
SOUTH AFRICA – Kellogg’s South Africa, a subsidiary of American multinational snack and cereal company, Kellogg’s, has celebrated its 100th anniversary with an artistic limited-edition in its 1kg box Corn Flakes packaging. Kellogg’s legacy in South Africa began in 1923 when the company introduced iconic cereal brands to breakfast tables. In 1948, the company opened its cereal manufacturing facility in…
Read MoreAdani Wilmer refutes speculations on 44%stake sale
INDIA – Adani Wilmar, a leading packaged food company in India has denied speculation that the parent company, Adani Group was mulling the disposal of the 44% interest in the Adani Wilmar venture to raise funds for capital purposes. Headed up by chairman Gautam Adani, the Indian conglomerate kicks back after an initial Bloomberg News report that the flagship company of…
Read MoreNestlé to expand production capacity in Egypt with four production lines
EGYPT – Swiss multinational food giant, Nestlé, has revealed its plans to add four new production lines to its existing facilities in Egypt. In the set plan, Chairman and CEO of Nestlé Egypt and Sudan, Tarek Kamel, said three lines would be for food products, and the fourth would be for dairy products, adding that the first food production line…
Read MoreFlour Mills of Nigeria to raise N55 billion (US$70M) as part of its Commercial Paper Programme
NIGERIA – Flour Mills of Nigeria PLC (FMN), one of the largest foods and agro-allied groups, has announced the issue of up to N55 billion Series 3 Commercial Papers (CP) under its NGN200 billion Commercial Paper Programme. Commercial paper is an unsecured, short-term debt instrument issued by corporations. In Nigeria, the CP market has remained a viable option for corporate entities…
Read MoreGeneral Mills doubles vitamin D in its Big G breakfast cereals portfolio
USA – General Mills, an American multinational manufacturer of processed consumer foods has doubled the vitamin D content in most of its Big G breakfast cereals to provide 20% of the daily recommended amount of the vitamin following an FDA ruling. The vitamin D fortification follows the Food and Drug Administration’s (FDA) approval earlier this year to increase the amount of vitamin D…
Read MoreZambia National Service partners Muss milling to flag off Eagles Mealie- Meal brand
ZAMBIA – Zambian Copperbelt Provincial Minister Elisha Matambo has opened the Zambia National Service(ZNS) Eagles Mealie- Meal plant in collaboration with Muss Milling Plant in Chingola aimed to stabilize the prices of the country’s staple. During the ceremony, the minister also flagged off the sale of the Eagles Mealie meal brand in Chingola on the Copperbelt adding that the milling plant…
Read MoreNational Foods crowned the Company of the Year 2023
ZIMBABWE – National Foods Limited, a leading agri-industrial company in Zimbabwe has been crowned the Company of the Year Award alongside other three recognitions for their remarkable new products at the Africa Food Awards 2023. The company, which is Zimbabwe’s leading food processor and listed on the Victoria Falls Stock Exchange (VFEX), has continued with its ongoing capacity expansion initiatives with…
Read MoreKellogg’s and Hershey’s collaborate to launch a co-branded Chocos cereal variant in India
INDIA – The breakfast cereal giant Kellogg has joined forces with Hershey India, one of the largest chocolate manufacturers in the world to launch Kellogg’s Hershey’s Chocos on the Indian market. From a licensing partnership between the two legacy brands, they have produced a co-branded Chocos cereal variant, designed to make ‘the idea of breakfast with milk even more exciting’.…
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