Almarai Company won the award for the Best Shariah Compliant Deal for the year 2022, during the 4th Annual Business Tabloid Awards held at Dubai, on the 19 January 2023. The Almarai deal that won the “Business Tabloid” award was a long-term loan acquired from Three banks in the Kingdom of Saudi Arabia for …
Continue reading “Almarai wins award for Best Shariah Compliant Deal 2022”
Waitrose has announced that it is the first UK supermarket to sell certified own brand home compostable tea bags. All of its Duchy tea bags are now accredited with a TUV OK compost HOME certification so tea bags can be placed directly into a home compost bin or heap. This compost can then be …
Continue reading “Waitrose launches certified compostable teabags”
PepsiCo to finalise an investment proposal of approximately USD 40 million(ETB 2 billion) to expand its Senselet snacks business in Ethiopia, and is considering the possibility of further investments in the country to expand the company’s portfolio beyond snacks. Senselet is a wholly owned PepsiCo subsidiarythat produces chips under the brand name SUN Chips. …
Continue reading “PepsiCo invests $40 million cash injection in Ethiopia”
SIG has announced a BRL 10 million investment in innovative recycling technology that will enable polymers and aluminium from used aseptic carton packs to be recovered and sold separately for the first time on an industrial scale in Brazil. By expanding the range of applications for recycled materials from used aseptic cartons, SIG expects …
Continue reading “SIG invests in new recycling technology for aseptic cartons”
Nestle will invest seven billion Saudi Riyals in the Kingdom of Saudi Arabia in the coming ten years in a strategic move to grow its longstanding business in the country, beginning with up to SAR 375 million to establish a cutting-edge manufacturing plant – which is set to open in 2025. The site will …
Continue reading “Nestle to invest SAR 7 billion in KSA over 10 years”
Agthia Group PJSC, one of the region’s leading food & beverage companies, has announced the appointment of Sherif Elfaham as Group Chief Financial Officer, effective 1 January 2023. Sherif brings strong strategic, commercial, and operational experience across a range of consumer-facing businesses, having spent over 20 years with Unilever in the UK, North Africa, …
Continue reading “Agthia Group appoints Sherif Elfaham as CFO”
Notpla has been announced as the winner of the prestigious environmental award, The Earthshot Prize. Founded in 2020 by His Royal Highness, Prince William, and the Royal Foundation, the Earthshot Prize aims to find innovative solutions that can repair the planet by 2030. Recognised for their inspiring efforts to create a fully sustainable and …
Continue reading “Notpla wins Earthshot Prize for its packaging”
Amcor has proudly partnered with Mars Wrigley to transition its Mars, Snickers and Milky Way chocolate bars to Amcor’s AmFiber Performance Paper packaging. The new recyclable paper-based packaging, made from sustainably sourced paper certified by the Forest Stewardship Council, is locally manufactured and dynamic enough to be printed with either flexographic or gravure technology …
Continue reading “Amcor partners with Mars Wrigley for paper-based packaging solutions”
The Coca-Cola Company has announced that Luisa Ortega to become president of the company’s Africa operating unit, overseeing markets across the continent. Ortega currently serves as president of the company’s central zone in Latin America, which includes Colombia, Venezuela, Peru, Ecuador, Central America and the Caribbean. Ortega replaces Bruno Pietracci, who has been named …
Continue reading “Coca-Cola Company names new president for Africa unit”
Amcor has announced a five-year deal with ExxonMobil to purchase certified-circular polyethylene material in support of its target to achieve 30% recycled material across its portfolio by 2030. The volume of material will increase incrementally each year, and is expected to reach 100,000 metric tons annually at the end of the five-year period. Made …
Continue reading “Amcor progresses on recycling materials for food and healthcare markets”
