11th - 13th June 2024

Tag: Foodeconomy

news

The Top 10 Cognac and Brandy labels Africans love to drink!

Africa has witnessed a remarkable surge in the popularity of cognac and brandy, marking them as symbols of luxury and indulgence.

For generations, cognac and brandy have captivated the African palate, offering a blend of traditional craftsmanship and modern innovations defining the African spirits industry.

As consumers’ tastes from Africa continue to evolve, many are gravitating toward specific brands that have earned recognition and a devoted following.

As the preferences of African consumers shift, a select group of brands stands out, garnering admiration and a loyal clientele. The recent study by Sagaci Research, unveiled in September 2023, offers an in-depth insight into the cognac and brandy scene in Africa.

While Africa is renowned for its varied drink choices, the study indicates that the consumption of brandy and cognac trails other spirits such as gin (11%), vodka (13%), and whisky (16%). Only a mere 4% of the populace savors these refined drinks. However, the fascination with cognac and brandy in Africa is on a steady rise, positioning the continent as a hotspot for one of the most exciting emerging markets worldwide. As the spirits sector in Africa thrives, it’s intriguing to delve into the top 10 cognac and brandy brands that have won over African consumers.

Top 10 cognac and brandy brands from the Sagaci Research report

1 Hennessy (Cognac)
2 Napoleon Brandy(Brandy)
3 Remy Martin (Cognac)
4 Viceroy(Brandy)
5 501(Brandy)
6 Martell (Cognac)
7 Courvoisier (Cognac)
8 Kliporift (Brandy)
9 KWV (Brandy)
10 Richot (Brandy)

news

Tinubu Secures Investment ‘Worth Billions of Dollars’ with UAE, Visa Ban on Nigerians Lifted

Emirates and Ethiad Airlines will resume flights into and out of Nigeria immediately without any immediate payment by the Nigerian government.

Nigeria President Bola Ahmed Tinubu has finalised an agreement with the President of the United Arab Emirates, Mohamed bin Zayed Al Nahyan, which has led to the immediate lifting of the visa ban that was placed on Nigerian travellers by the UAE.

This was revealed in a statement released by the Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale.

The statement read, “As negotiated between the two Heads of State, this immediate restoration of flight activity, through these two airlines and between the two countries, does not involve any immediate payment by the Nigerian government.

“In recognition of President Tinubu’s economic development diplomacy drive and proposals today presented by President Tinubu to his counterpart, an agreed framework has been established, which will involve several billions of US dollars worth of new investments into the Nigerian economy across multiple sectors, including defence, agriculture and others, by the investment arms of the Government of the United Arab Emirates.

“Additionally, President Tinubu is pleased to have successfully negotiated a joint, new foreign exchange liquidity programme between the two Governments, which will be announced in detail in the coming weeks.”

Tinubu then commended the President of the UAE for their shared relationship and efforts to “join hands with him to fully normalize and reset to excellence, the standard of relations between the two important countries.”

In 2022, the UAE banned nationals of Nigeria and a few other African countries from entering its capital city, Dubai, when it released a notice which partly read, “This is to inform you that we will not be posting 30 days visa applications for these nationalities effective today October 18, 2022.”

Ozioma Samuel-Ugwuezi

Arise TV

news

Nigeria set to spend N224bn for wine import as consumption rises

Nigerian wine importers are to spend N244 billion ($485 million) on fortified, sparkling and still wine before the end of 2023. Findings by New Telegraph revealed that consumption had been further projected to rise to $557.96 million in 2024.

Data from Statista noted that the volume of consumption would hit 44.82 million litres by 2027 from 33 million litres in 2021.

The increase in demand for wine in Nigeria has hugely increased the demand for global wine exporters, Nigeria imported $136.66millionfrom United States in 2021. Also, United Kingdom shipped $31.1 worth of wine into Nigeria; Spain, $20.96 million; Brazil, $16million and South Africa, $15.7 million.

Spirits are also in high demand with GAIN estimating that 75per cent of the spirits consumed in Nigeria were locally made, while imported spirits accounted for $500million of the total value of spirits consumed between 2019 and 2020.  The global network platform further explained that the United States, European Union and South Africa were the leading suppliers to the Nigerian market despite the restriction.

It was noted that the importation of quality spirits had put pressure on local distillers in the country despite the local brands being cheaper. It noted that locally produced alcohol brands in Nigeria were lower in quality, branding and do not meet the standard in the growing alcoholic beverage market.

Source: New Telegraph

To find out more about Food and Beverage West Africa 2024 Click Here

To book a stand at Food and Beverage West Africa 2024 Click Here

news

Nigerians imported over N18tn worth of meat, cooking oil and more over a seven year period

Nigerians imported not less than nine items worth N18.12tn from the forex ban list of the Central Bank of Nigeria between 2016 and 2022, findings by The PUNCH have shown.

The CBN had categorized about 41 import items as not valid for forex, which means that the importer will not be able to get forex from the apex bank for such items.

The apex bank said the restriction was part of efforts to sustain the stability of the foreign exchange market, ensure effective utilisation of foreign exchange and the derivation of optimum benefit from goods and services imported into the country.

However, these items were not banned or prohibited by the Nigerian Customs Service, so they can still be imported.

According to an analysis of Nigerian Foreign Trade reports of the National Bureau of Statistics from 2016 to 2022, items such as crude palm oil, vegetable products, animal products, meat, vegetable fats and oil, steel products, rubber, plastic, clothes, and textiles were imported from various countries.

Source: Punch, April 2023

To find out more about Food and Beverage West Africa 2023 Click Here

To book a stand at Food and Beverage West Africa 2023 Click Here

Tingo Foods commission new plant build

A new plant build has been announced by the Agri-food company Tingo Foods, (a subsidiary of Tingo International Holding Group)  it is expected to take between a year and a half to two years. The facility will start by producing rice, tea, coffee, chocolate, biscuits, edible oil, cashew milk, millet-based cereal, beer, mineral water, fizzy drinks, pasta and noodles. It will also become a development facility for new products for local and export markets. The facility will help Africa from paying foreign exchange on imported products, by creating more made in Africa food to the world. They aim to enhance trade throughout African nations also through the Africa Continental Free Agreement by creating and selling high quality products from Nigeria.

The company founder, Dozy Mmobuosi, said that its the first step they are making in a multi-billion-dollar investment plan by Tingo International Holdings to work in the African Food industry.

Recently, the African food industry has suffered from a lack of productivity and poor usage of human capital. They aim to change this by creating 12000 jobs, giving a massive economic boost, and aiding the UN’s Sustainable Development Goals. The goals are to end poverty, protect the planet and ensure peace and prosperity for all. In Nigeria, the agribusiness industry accounts for about 65% of manufacturing sector revenue and contributes 7% to GDP according to USDA data. 

The 2022 Annual Trends and Outlook Report authors said that Africa must change from exporting raw products and importing finished ones, to the other way around if they want to become a competitor in the agro-processing sectors that the African Union’s Agenda 2063 targets have labelled under economic growth, wealth generation and employment. The report states it as “much-untapped potential” for an attractive urban market for processed products. Compared to the previously reported 63% of traded agricultural products from 2003-2005, the new estimate is 72%.

The Economic Community of West African States (ECOWAS) showed the largest share of processed and semi-processed intra-African exports in 2018–2020, as well as the largest increase in the share of processed exports between the two periods.

Source: Food Business Africa, February 2023

To find out more about Food and Beverage West Africa 2023 Click Here

To book a stand at Food and Beverage West Africa 2023 Click Here

Jumia Food and American giant, Domino’s join together in Nigeria

Africa’s biggest eCommerce and logistics company, Jumia have partnered with international giant, Domino’s Pizza through its food and grocery outlet Jumia Food. 

Jumia Food’s CEO, Massimiliano Spalazzi, has advised that the new partnership will give the company access to more customers across Nigeria, utilising Domino’s portfolio, making it easier to order meals directly to their door in a short time. 

He added:” “We are delighted to provide our online platform where consumers in Nigeria can order their favourite pizza delight from Domino’s Pizza outlets available at the click of a button on Jumia Food. We have spent a decade in Nigeria, and since our inception, we have continuously strived to impact the lives of millions of consumers through innovation and technology.”

Also speaking, the Group Managing Director/Chief Executive Officer, Eat’N’Go Africa, Mr Patrick McMichael said Domino’s Pizza Nigeria is delighted to expand its offerings to its esteemed customers in Nigeria through listing on Jumia. 

“As we grow and expand, it is important to employ digital technology in ensuring that we continue to maintain exceptional service delivery which is what this partnership avails Domino’s Pizza,” he said. 

The joining of companies gives Jumia Food an avenue and the means to reach far further with their clientele.

Source: Food Business Africa, December 2022

To find out more about Food and Beverage West Africa 2023 Click Here

To book a stand at Food and Beverage West Africa 2023 Click Here

news

Sugar Sector Booming

Nigeria’s sugar sub-sector received investments totalling over US $3 billion in the last decade after the “Nigeria Sugar Master Plan” was implemented.

Mr Zacch Adedeji, the executive secretary of the NSDC (National Sugar Development Council) has said that there has been five investors that directly signed into the backward integration programme aspect of the plan. The five companies in question being; Dangote Sugar Refinery, BUA Sugar Refinery, Golden Sugar Refinery, KIA Africa Group and the latest being Saro Africa Group. Mr Adedeji spoke at the signing of a Memorandum of Understanding (MoU) between Saro Africa Group and the Nasarawa State government for a sugar project to be domiciled in Doma and Nasarawa Council of the state, saying that the sector had created thousands of jobs through the BIP Operators.

The Saro Africa Group operates in a number of industries including agriculture, engineering and real estate.

The project is said to sit on 15,000 hectares of land for the first phase with other phases to follow.

The NSMP has four main goals; for Nigeria to become self-sufficient for sugar production, stem the flow of sugar importation, create jobs for Nigerians, and to generate electricity and ethanol for industrial needs.

Aliko Dangote, the President of the Dangote Group announced the the Dangote Sugar Refinery PLC is massively upscaling their sugar sub-sector investment to coincide with the Nigeria Sugar Master Plan. He has said that the company is investing in Adamawa State through the expansion of DSR Numan sugar, from 3,000 tonnes, to 6,000 tonnes, to 9,800 to 15,000 tonnes of cane per day. With the increase of refining sugar cane will also have to increase production capacity so they will be expanding the plantation from 8,700 hectares to 24,200 hectares in the next 7 years.

Source: Food Business Africa, December 2022

To find out more about Food and Beverage West Africa 2023 Click Here

To book a stand at Food and Beverage West Africa 2023 Click Here

news

$100,000 prize for food sector Innovators

The Nigeria Prize for Science 2022 has been won by Local innovations on ensuring food security in the country.

The Nigeria LNG Limited (NLNG) created the award as a liquefied natural gas (LNG)-producing company and a liquefied natural gas plant in Bonny Island, Rivers State.

The prize for science is for scientists the world over, who find answers to “Nigerian” problems, is how it has been advertised by the advisory board.

The winners were announced by Professor Barth Nnaji (engineer, former Minister of Power, one of the E-Design concept inventors) at a press conference in Lagos, stating that the two most outstanding works on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivators under Drought and Well-Watered Conditions” by Muhydideen Oyekunle and Shehu Ado, and “Development of Process Plant for Plantain Flour” by Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola. They won the $100,000 between them.

The winners were a Maize Breeder and lecturer at the Institute for Agricultural Research at Ahmadu Bello University and his colleague, Prof. Shehu Garki Ado, an agricultural expert and  professor of Genetics and Plant Breeding, is also currently the vice chancellor of Al-Qalam University, Katsina.

The other winners were Sesan Peter Ayodeji is a professor of Machine & Process Design and Applied Ergonomics at the Federal University of Technology, Akure and his colleague is Emmanuel Olatunji Olatomilola.

“At the global level, Goal 2 of the Sustainable Development Goals (SDGs) seeks sustainable solutions to end hunger in all its forms by 2030 and to achieve food security. This entails improving the productivity and incomes of small-scale farmers by promoting equal access to land, technology and markets, resilient agricultural practices and sustainable food production systems,” Nnaji stated that the works address the need for food security which is on Nigeria’s National agenda. He said the judges decision reflects a lot of the 2022 theme.

“The maize seeds they selected courtesy of breeding programme have been tested to be high yielding and water stress tolerant. The hybrids they selected record yields of 1.73-2.51 t/ha in stress areas and 5-6 t/ha in areas with good rainfall distribution in farmers’ fields,” Nnaji thinks the work by Muhyideen Oyekunle and Shehu Ado’s on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivars under Drought and Well Watered Conditions” provides the country with opportunity.

Nnaji said Susan Peter Ayodeji and Emmanuel Olatunji Olatomilola’s work on “Development of Process Plant for Plantain Flour” will help for reducing spoilage and the distribution of the packaging of farm products.

Source: The Guardian, September 2022

To find out more about Food and Beverage West Africa 2023 Click Here

To book a stand at Food and Beverage West Africa 2023 Click Here

news

New Agricultural Institutes unveiled

President Muhammadu Buhari approved to establish 6 different institutes, one for each geopolitical zone,  for areas of agricultural machinery and equipment development across Nigeria. The aim is to reduce import and in turn conserve foreign exchange.

The opening statement from Executive Vice Chairman/Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Prof. Mohammed Sani Haruna, was this: “It is a case of a promise kept by the President Buhari administration, as the establishment of the agric machinery institute, Lafia targets the provision of 10 million jobs for unemployed Nigerian youths through economic diversification, especially exploring the gains of agriculture in nation building.”

Gambari stated that AMEDI (Agricultural Machinery and Equipment Development Institute) shows the federal government is committed to developing technology in the economy and that it was one of the key elements of public issue with the financial system.

There will be a pilot farm showcasing modernised technique, technologies and extension services for the agricultural sector throughout the nation.

Ibrahim Gambari spoke through the special assistant to the President Foreign and International Affairs: “Today, we are here to kick off another flagship project with the establishment of AMEDI, Lafia, building on the remarkable success of the other NASENI development institutes across the country. We are confident that AMEDI, Lafia will serve as the cradle for nurturing professional engineers and scientists with proficiency in the design and manufacturing of diverse agricultural machinery and equipment. I am sure that AMEDI will in no time emerge as a centre of excellence in agricultural machinery and equipment design to enable Nigeria to scale new heights as the paradise for agricultural produce and a hub for agro-allied technologies.”

He praised Governer Abdullahi Sule saying it was taking the bull by the horns and that Professor Haruna did well for getting the project into existence.

Gambari expressed the need for support from AMEDI and NASENI once the project is in full swing.

“The Presidency will constantly provide the needed support for AMEDI and NASENI in developing new products to promote a diversified economy for our beloved nation.

“Home-initiated and home-sustained industrialisation is key to achieving a sustainable economic recovery for Nigeria because technology is the secret behind the Asian, European and American magic,” he added.

Source: The Guardian, August 2022

To find out more about Food and Beverage West Africa 2023 Click Here

To book a stand at Food and Beverage West Africa 2023 Click Here

news

Oyetty Meals launches as West African food company in UK

The founders of Sami’s Online, the Afro-Carribean online store, have launched Oyetty Meals, a new West African ready meal brand.

The couple found a gap in the market for African cuisine and wanted to fill it. All the ready meals are made with an emphasis on making them authentic, healthy and like home-cooked African meals. They are using organically grown ingredients, with the majority sourced from West Africa.

The different meals available are Afang Soup, Asun, Bitterleaf Soup, Efo Riro, Egusi Soup, Ewa Agoyin, Nkwobi and Smokey Jollof.

“We are delighted to be bringing Oyetty Meals to the market,” comments Olusegun Akande who founded the business with his wife Oyetola Isola (pictured). “COVID had a huge impact on our business, meaning we had to pivot, and fortunately the online side of the business really took off in 2020. The success meant we could invest money back into the business and offer convenience meals as another option. After two years in the making, we are delighted to be able to offer our meals, which are cooked with care and flare by our expert chefs to our longstanding customers. They have been crafted to balance nutrition, taste and most importantly the Nigerian authentic flavour.”

“We love good food, and we believe a good diet contributes to good health and a happier life,” says Isola. “We want everyone one to be able to enjoy tasty authentic Nigerian dishes without the fuss of sourcing ingredients, scanning recipes and most especially finding the time to cook it.”

The meals are classically microwaveable in around 3 minutes, and frozen from fresh to retain nutrition and flavour.

On top of the new business venture, the pair have launched the Oyetty Foundation, which provides 5% of sales from Oyetty Meals to provide for support, help and information to Nigerian families with children having additional and/or special needs.

Source: Natural Products, July 2022

To find out more about Food and Beverage West Africa 2023 Click Here

To book a stand at Food and Beverage West Africa 2023 Click Here

×

Powered by WhatsApp Chat

× How can I help you?