Fresh Del Monte’s Post

The Coca-Cola Company has announced a significant investment plan of Sh23 billion ($175 million) in Kenya over the next five years, assuming the corporation meets its growth targets in the nation. This investment aims to expand the Coca-Cola system’s capacity and capability, reinforcing its longstanding commitment to Kenya's economy and community. Sunil Gupta, CEO of Coca-Cola Beverages Africa, highlighted the company's 75-year legacy in Kenya and expressed confidence in the country's long-term economic potential. The decision to invest underscores Coca-Cola's commitment to driving growth and sustainable development in Kenya. President William Ruto welcomed the investment, emphasizing the importance of strong collaboration to foster economic growth. He praised Coca-Cola's initiatives like the Replenish Africa Initiative (RAIN), which aims to enhance water access and sanitation for millions across Africa, including in Kenya. Rebecca Miano,EGH, Kenya’s Investment Trade and Industrialization CS, emphasized that the investment will create jobs and boost both local and national economies. She highlighted the alignment with green investment goals and expressed optimism about future collaborations between Coca-Cola and Kenya. #CocaCola #Investment #KenyaEconomy #Sustainability #JobCreation #EconomicGrowth #CommunityDevelopment #RAIN #Partnership #Collaboration https://zurl.co/fwc2

The latest edition of Enterprise Africa 📚 is live now and online for reading, for free! Cheers to Uganda! 🍻 The country’s Nile Breweries Ltd. is internationally renowned and, from its two sites, produces a portfolio of high-quality, great tasting beer made from 99.5% local content, by local people. It’s a true story of success, growing from family business to organisation of national importance, enhancing governance and standards all the time. South Africa’s powerhouse retailer Woolworths 🛍 is also a brand that is unanimous in the country, recognised for quality and excellence in stores and online. Currently undertaking a five-year strategy that will see major improvements behind the scenes, aligning the company with global sustainability practices. The theme here is that all are zeroing in on improvements that impact the local community, and if more businesses would join the regional push then more progress could be made developing sustainable, lasting supply chains, and wider wealth distribution. 🤝🚛 👇 https://lnkd.in/gVHvErc #southafricanbusiness #innovation #uganda #financialwellness #retail #supplychains #sustainability

❗ Exploitation of people and the planet continues to be rampant in the production of food. 🛒 A new report, released by Oxfam International,  focuses on the commitments that several Dutch, German and UK supermarkets made as part of the Behind the Barcodes campaign to conduct #humanrights impact assessments (HRIAs). It analyses the HRIAs and action plans these #supermarkets published in the past four years. 🔎 These in-depth assessments can help #companies to understand where and how their operations or sourcing activities are harming people, and subsequently to establish and implement action plans to address those negative impacts. 🍓 Profundo conducted the research behind the case study presented in the report of Lidl’s HRIA on #berries from Huelva. Read the full report here: https://lnkd.in/epn3FeEG Read a summary of the report here: https://lnkd.in/epn3FeEG #foodproduction #humanrights #supermarkets

IFC - International Finance Corporation is providing up to $25 million to Anglesey Food LLC, the country's leading grocery retailer operating under Korzinka brand. The financing will help the company construct a state-of-the-art 'green' distribution center, which will facilitate expansion of Korzinka's retail store network. That will help create jobs, support farmers and local suppliers, and broaden access to quality, affordable food, especially outside the capital, Tashkent The project is part of a larger effort to support the development of Uzbekistan's private sector, whose growth is considered key to combating poverty and creating economic opportunities. #uzbekistan #ifc #korzinka #retail #financing #privatesector #economy

Uganda, the pearl of Africa owing to its favourable arable lands and abundant water resources, is already considered a front runner in agri-foods by The Food and Agriculture Organisation of The United Nations (FAO), now holds the potential to develop into the breadbasket of East and Central Africa. With the food and beverage industry accounting for 21% of the country’s GDP, employing 65% of the populace, this potential is unparalleled in terms of the opportunities it brings on a global scale. Realising this potential comes the largest food and beverage exhibition in Uganda, The FoodPro Uganda, where you can interact with key decision makers, and showcase your company to the industry leaders in the food and beverage sector in Uganda, not only taking your business to the next level, but becoming a part of the food revolution in East and Central Africa. Find the details, down below, to join and be a part of this international networking and collaborating opportunity, to take your business to the next level. 🗓 15th – 17th August, 2024 📍Multi-Purpose Hall, UMA Show Grounds Lugogo in Kampala, Uganda ⏱ 10 AM - 6 PM For more information on the Foodpro Uganda International Expo and more such exciting networking opportunities to take your business to the global level, contact us on below. Website - https://lnkd.in/duz5zbC5 Register to Participate - https://lnkd.in/dbgSyTTP Register to Visit - https://lnkd.in/dqRP6vt7 #food #beverage #packaging #processing #technology #uganda #foodprouganda #etsipl #futurex

Your #IAPWeeklyRead 🎯 Food value chains present substantial opportunities to develop resilient regional value chains (RVCs) on the African continent. Africa’s growing middle class and urban population are demanding more processed food and beverages. Revenues in these sectors are projected to increase by US$120 billion in Africa over the next decade. This signals good prospects for developing RVCs to cater to this growing demand. However, all of these benefits are largely determined by how the value chain is governed, the power dynamics of actors at different levels within the value chain, and which actors are able to shape investment decisions in terms of their standards, requirements and procurement practices. In her latest UNIDO IAP piece, Reena Das Nair delves into the opportunities to develop regional food value chains and the role that supermarket chains can play. Read the full piece here: 💬 Rethinking the role of lead buyers in regional food value chains in Africa https://lnkd.in/dMbCv8iw Centre for Competition, Regulation and Economic Development (CCRED) #AfricaIndustrializationDay #valuechains #foodvaluechains #regionalvaluechains #supermarkets #Africa

🌍 Breaking Into Kenya! Crown Beverages Gains Approval for Acquisition 🥤🇰🇪 Mauritius-based Crown Beverages has received the green light from the Competition Authority of Kenya for its acquisition of Kenya Bottling Company. 🚀 Key Highlights: 🌐 Strategic Entry: Crown Beverages makes its debut in Kenya's vibrant non-alcoholic beverages market with the acquisition of Kenya Bottling Company. 🤝 PepsiCo Partnership: The move positions Crown Beverages as a significant player, tapping into Kenya's dynamic beverage industry as an independent bottler for PepsiCo products. 📈 Market Dynamics: Kenya's non-alcoholic beverage sector, dominated by Coca-Cola, welcomes a new contender. Crown Beverages brings fresh perspectives to the market mix. 🔄 Regulatory Nod: The Competition Authority of Kenya gives a nod of approval, ensuring healthy competition in the sector without adverse effects. 🌟 Growth Strategy: Crown Beverages strategically expands its footprint, leveraging the diverse and promising market landscape of Kenya and East Africa. 🤝🌍 Global Connections: The acquisition reflects the growing interest of international investors in Africa's dynamic business environment. Unlocking New Possibilities! 🚀🔓 Crown Beverages' entry into Kenya marks a strategic move, promising growth and innovation. 🎉🌟 #CrownBeverages #KenyaMarketEntry #BusinessExpansion #AfricaBusiness #PepsiCo #CompetitionAuthorityKenya #BeverageIndustry #StrategicGrowth

A short piece I wrote for UNIDO on the role of supermarket chains as lead buyers in developing regional value chain (RVCs) in food in Africa. Centre for Competition, Regulation and Economic Development (CCRED) #valuechains #regionalvaluechains #regionaldevelopment

To implement #duediligence we need multi-stakeholder initiatives. But does it work?     Together with ETI Sverige - Hållbara leverantörsled and four of their members (Axfood, Coop Sverige, Greenfood Group and ICA Gruppen), Oxfam Sverige organized several roundtable discussions in Morocco during 2023 -24. We brought together suppliers, producers, local civil society, unions, and Moroccan authorities. The goal?🏆 To address the serious human rights violations happening in the hand-picked fruit sector.      1️⃣ First, we created a consensus around the main challenges, and prioritized entry points to prevent violations      2️⃣ Second, we discussed potential solutions to the challenges: safe transport, making social audits more suitable for detecting human rights impacts, and making purchasing practices more responsible     What were our learnings? 💡   Multi-stakeholder initiatives can help companies with risk mapping and prioritization, but:     ➡️you need to make sure that relevant stakeholders, particularly impacted rights-holders, are heard and    ➡️that any barriers to engagement are addressed.      If you want everyone to speak openly about challenges and solutions, trust is key. This is challenging, especially in countries where there is a long history of lack of trust between the various stakeholders. This took time and effort, but ultimately, we succeeded at creating a constructive space for all stakeholders – crucial for effective due diligence.     If you want to learn more about the project you can read the full summary here: https://lnkd.in/dunEm7wQ

Initiative with 👉 high potential🚀 All over the world, cooperatives play an important role in value chains. Many of them could perform better. Strengthening entrepreneurial cooperatives will increase linkages and participation of producers in the value chain