Nestlé Egypt intends to invest CHF 30 million (EGP 514.28 million) until 2022 to introduce new production lines in the local market. The Swiss brand is committed to its investment plan in Egypt despite the negative impact of the COVID-19 pandemic, two production lines will be added to Maggi and Nescafé this year to increase the output capacity
Khazaen Economic City has announced the signing of three new tenancy agreements valued at nearly RO 3 million. These agreements were signed recently with United Vision for Investment and Development and Al Maha Food Industries LLC, an Omani-Saudi joint venture to establish several manufacturing units in the economic city
Unilever is setting a target of €1bn (£900m) in annual sales of its plant-based foods through some of its best-known brands, as it seeks to cash in on the growing number of consumers reducing their meat and dairy intake.
“Boulevard U Walk” will be the second addition to the company’s portfolio of shopping centres in the Islamic holy city of Medinah and it is expected to deliver about 57,000 square metres of additional gross leasable area (GLA)
Mondelez International has put seed money into Torr, an Israel-based snacks start-up the Oreo owner claims can "offer multi-textural, sensorial experiences". The terms of Mondelez's investment were not disclosed. The Kitchen Hub, an Israel-based incubator backed by local food-and-beverage company Strauss Group, also took part in the seed round.
Using the 2019 Global Fortune 500 ranking, this review sheds light on where the top 200 major industry players are choosing to set up a decision-making center globally, investigating the key drivers influencing the selection of their Regional Headquarters location.
Danone will cut as many as 2,000 jobs, including one in four positions at its global headquarters, as the world's largest yoghurt maker attempts to revive profitability amid the coronavirus pandemic. Danone has global headquarter sites across the world in locations such as Amsterdam and Singapore. About 400 to 500 jobs will be cut in France, a spokesman said.
CCBA Kenya managing director Xavier Selga has said the company is currently aligning Nairobi Bottlers and Almasi Beverages’ operations to those of the parent company’s systems and policies following its acquisition from Centum Investment Company in October last year.
The Company posted revenue of N44.733 billion from N51.628 billion recorded in the comparable period of 2019, representing a drop of 13.4 per cent; cost of sales for the period went down by 17.0 per cent from N41.993 billion to N34.848 billion, while gross income rose by 2.6 per cent from N9.634 billion to N9.885 billion.
Hershey has allegedly bought up to 30,000 tonnes of cocoa from futures exchange ICE in a bid to avoid paying the extra Living Income Differential (LID) set up by Ghana and Cote d'Ivoire that includes an added price premium of $400 per tonne on their cocoa, created to help alleviate farmer poverty.
Tiger Brands has cut hundreds of jobs right across the South African food business as annual profits plummeted amid a drop in consumer spending linked to coronavirus. A company spokesperson confirmed comments made by CEO Noel Doyle to certain media outlets that Tiger Brands has already cut 400 staff spanning across all of its business activities
South Africa has a new MVNO – PnP Mobile – launched by the major retailer Pick n Pay. The new service – which will be prepaid – will run on the MTN mobile network. It will offer SIM-based access to services that will include airtime and data.
TelrShops serves the need for a long-awaited medium in the UAE and KSA markets. The platform will support merchants of all sizes, and across a number of industries, in growing their business operations
The Chamber of Commerce and Industry in Riyadh said it would launch a set of new initiatives to promote e-commerce in the Saudi market. Those would pertain to protectionist legislation, technology development and expansion of electronic commercial transactions, logistical requirements and electronic payment solutions.
INFOMINEO, Value added business research, Casablanca - Barcelona - Cairo -, Dubai, UAE
Infomineo is a data and research outsourcing company, dedicated to supporting global companies in getting access to information that power their business decisions. Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conductingCustom Research for clients, Infomineo also delivers Graphic Design and Business Translation as a service.