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Newsletter 476

Video guest: Josephine Mwangi

October 2019
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Wednesday, 16 October 2019

Nestlé, the world’s biggest food and beverage company that relies on millions of farmers around the world to supply agricultural raw materials needed for its products is set invest in Ghana’s rural communities and agriculture. Farmers are important to Nestlé and globally Nestlé works with more than 695 000 farmers, mainly smallholders, who provide the company with high-quality raw materials. These farmers and farm workers are essential to the ongoing success of the company. Nestlé is committed to contributing to the sustainable development of the rural communities where it sources from.

The Food and Agriculture Organisation (FAO) has welcomed an agreement by World Trade Organisation (WTO) member states through the recently adopted "Nairobi Package" to move towards eliminating export subsidies involving agricultural products. However, it also noted that differences remain over other measures aimed at creating fairer global trading conditions, in particular for developing countries. A declaration issued on 19 December at the conclusion of the 10th WTO Ministerial Conference in Nairobi, Kenya includes a number of decisions in relation to the Agreement on Agriculture.

France is leading a worldwide push to increase the amount of carbon locked in soils through better farming practices. Supporters of an initiative launched at the COP 21 summit say this would limit global warming by removing carbon from the atmosphere, while also increasing the range and amount of food farmers produce by improving soil fertility. This would particularly benefit developing countries, according to representatives of the 4 Pour 1000 initiative. It’s a bit of a scientific dream, but we have a lot of evidence that supports this dream.”

Duet Private Equity Group has acquired Abidjan-based Societe Africaine des Produits Laitiers et Derives (SAPLED) from the Sifaoui Group through the creation of Duet Consumer Ivory Coast Holdings (DCICH).  The details of the transaction have not been disclosed. SAPLED is one of the largest Dairy & Fruit Juice processing companies in Ivory Coast, as well as the exclusive owner of the Tampico fruit juice license in Ivory Coast, Burkina Faso, Togo, Benin and Guinea. SAPLED was founded over 25 years ago and over the years the company has built up a portfolio of brands and products that are today well recognised across the regional market.

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