Quintessential expands portfolio with launch of Le Gin 13 
Food Business Africa Magazine
by Mary
11h ago
US – US-based wine importer Quintessential is expanding its product range to include spirits, starting with the introduction of Le Gin 13.   The gin is crafted by André Brunel, the renowned producer of Les Cailloux and Cuvée Centenaire from Châteauneuf-du-Pape.  Le Gin 13 is set to be available nationwide in the US by autumn this year.   Dennis Kreps, co-owner of Quintessential, expressed enthusiasm about this new venture. “For the last twenty years, Quintessential has represented family-owned wineries from around the world. We’re excited to continue that core ethos with our fi ..read more
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Mighty Craft divests 7.5% of Better Beer shares in debt restructuring deal 
Food Business Africa Magazine
by Mary
11h ago
AUSTRALIA – Mighty Craft, one of Australia’s leading premium craft drinks companies, has entered a new agreement with its senior debt provider, Pure Asset Management Pty Ltd (PURE), to sell 7.5 percent of its shares in Better Beer in exchange for terminating all obligations related to the Royalty Deed.   This strategic move aims to alleviate Mighty Craft’s debt burden and restructure its financial obligations.  Mighty Craft confirmed the agreement with PURE in an announcement to the Australian Securities Exchange (ASX) on May 16. The transaction will terminate the Royalty Deed, rele ..read more
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Microbiologists brew beer using yeast from Namibian killer bees 
Food Business Africa Magazine
by Mary
11h ago
UK—Microbiologists from Cardiff University in Wales, UK, have crafted a unique beer using yeast extracted from the gut microbiome of killer bees from Namibia.   The innovative project is part of a collaboration between Cardiff University and the University of Namibia focused on sustainable environmental development.  The team, led by Professor Les Baillie from Cardiff University’s School of Pharmacy and Pharmaceutical Sciences, discovered that Saccharomyces cerevisiae, commonly known as brewer’s yeast, resides in the gut microbiome of honeybees.   During a project in Namibia, t ..read more
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UK’s food watchdog increases scrutiny on Indian spice imports amid contamination concerns
Food Business Africa Magazine
by Mary
1d ago
UK – The UK’s Food Standards Agency (FSA) is implementing additional control measures on all spice imports from India following contamination allegations against two prominent brands, MDH and Everest. This move makes the UK the first country to intensify scrutiny of all Indian spices in response to these concerns. The increased control measures come after Hong Kong suspended sales of three spice blends from MDH and one from Everest last month. These products were found to contain high levels of ethylene oxide, a pesticide known to be carcinogenic. Similarly, Singapore has recalled Everest pro ..read more
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CVS Health enters the grocery and FMCG market with Well Market store brand 
Food Business Africa Magazine
by Mary
1d ago
USA- The retail corporation CVS Health has launched Well Market, a store brand offering a wide range of consumer goods and groceries.  The new line will offer more than 40 items via the CVS website and retail outlets.  The product rollout is expected to continue until the end of the year.  CVS Health also announced that the Big Chill product line, Gold Emblem and Gold Emblem Abound, will soon be under the Well Market umbrella.  The company expressed optimism over Well Market, asserting that it is designed to accommodate the market’s diverse preferences ..read more
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Cameroon records 14.5% increase in wine and liquor imports despite decrease in volume 
Food Business Africa Magazine
by Mary
1d ago
Cameroon—In a report, the National Institute of Statistics (NIS) revealed that Cameroon recorded a significant 14.5 percent rise in the value of wine and liquor imports, totaling CFA22.3 billion (US$37M) in 2023.   This increase comes despite a notable decline in the volume of imported beverages.  The NIS report reveals that the country imported 11,206 tons of wines and liquors in 2023, a decrease of 853 tons compared to the previous year’s 12,059 tons.   The rise in import value was driven by a substantial increase in liquor imports, which jumped by CFA3.3 billion (US$5.5M), f ..read more
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Slovakia to introduce tax on sugary and sweetened soft drinks in 2025 
Food Business Africa Magazine
by Mary
1d ago
Slovakia – The Slovak government is preparing to introduce a new tax on sugary and sweetened soft drinks starting in 2025 to address public health concerns related to sugar consumption.   A draft bill outlining the proposed tax, which would have varying rates depending on the type of beverage, is set to be presented to the Slovak parliament.  Peter Požgay, CEO of Slovakia-based nutritional supplement company Body World, said: “The initial draft of the law was looking to tax all drinks and instant powdered drink preparations containing either sugar or a sweetener.  The tax was s ..read more
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Delta Corporation reports 59.2% surge in annual profit 
Food Business Africa Magazine
by Mary
1d ago
ZIMBABWE – Delta Corporation, Zimbabwe’s leading beverage manufacturer, reported a remarkable 59.2 percent surge in profits for the fiscal year ending March 31, 2024.   The company’s profits increased to US$100.5 million, up from US$63 million in the previous year, driven primarily by a strong showing in its lager beer segment and overall revenue growth.  This impressive financial performance was underpinned by a significant rise in revenue, reaching US$767.6 million, reflecting a 43 percent increase compared to the previous year.  The growth momentum extended to othe ..read more
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Rwanda advances pork industry with state-of-the-art abattoirs
Food Business Africa Magazine
by Mary
1d ago
RWANDA – Rwanda is currently experiencing a significant transformation in its pork industry with the launch of state-of-the-art pig abattoirs across the country. These modern facilities represent a substantial investment in the nation’s agriculture sector and usher in a new era of enhanced food safety and quality assurance standards. The recent inauguration of multiple pig abattoirs in various Rwandan districts marks a significant milestone in the country’s efforts to elevate food safety protocols. Each facility is designed to process up to 50 pigs per day, ensuring that the entire production ..read more
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Food City starts construction on new grocery stores in Alabama and Tennesse
Food Business Africa Magazine
by Mary
1d ago
USA – Supermarket chain Food City has announced it has started construction of two new grocery stores in Alabama and one in Tennessee, expanding its presence in the South Central US.  The two locations in Alabama aim to expand the supermarket chain’s presence in Huntsville and Madison County. Food City has announced plans to construct four more locations in the region.  The new 32,000-square-foot and 52,000-square-foot stores will be located on Governor’s Drive and Memorial Parkway NE.  Steven Smith, Food City CEO, said, “We’re excited to be joining the Huntsville retail commun ..read more
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