The African Export-Import Bank (Afreximbank) has approved a US$400mn revolving credit facility for the Export Trading Group (ETG), to support agri-food supply chains in Africa amid disruption caused by Covid-19.
Consumer interest in healthier diets is translating into healthy beverage innovation, with functional drinks and alcohol alternatives on the rise, as well as lower alcohol wines, beers and spirits.
On a global scale, consumer facing industries have had to take exceptional precautions in a time of rapid change with business, people, processes and stakeholders retuning to adopt new approaches that will likely change retail management as we know it forever.
Yebo Fresh, a tech-driven food delivery company catering exclusively to Cape Town townships, has expanded rapidly under lockdown. The two-year-old company that started in a Hout Bay garage now occupies a massive warehouse and is delivering thousands of grocery items and hampers into nine Western Cape townships.
There are certain eating occasions, products and dishes that we know and love – but that doesn’t mean we don’t want to shake them up. Therein lies a world of potential for innovative brands and retailers to explore.
The V&A Waterfront will launch a Food Theatre concept, Maker’s Landing, at the Cape Town Cruise Terminal area, this December following a R63 million investment in partnership with the National Treasury’s Jobs Fund, which is putting up R15m to the V&A’s R48m to develop the new food neighbourhood.