Mondelēz International today announced that Luca Zaramella, 49, Senior Vice President of Corporate Finance and a 20-year veteran of the company, will become EVP, Chief Financial Officer (CFO), effective August 1, 2018. As CFO, Zaramella will be responsible for the oversight… Read More ›
Mondelēz International on Thursday announced it has invested $200 million since 2014 in its Opava biscuit manufacturing facility, which employs nearly 1,000 people and produces Power Brands like Oreo, belVita, Milka and Cadbury, for the European market. The investment builds on Opava’s proud heritage of more… Read More ›
The African Development Bank approved on June 6, 2018 a senior loan of US $29.5 million and a concessional loan of US $20 million from the Climate Investment Funds (CIF) Clean Technology Fund (CTF) to Quantum Power East Africa GT Menengai Ltd.
Growth for Sub-Saharan is projected to strengthen to 3.1 percent in 2018 and to 3.5 percent in 2019, below its long-term average. Global economic growth will remain robust at 3.1% in 2018 before slowing gradually over the next two years, according… Read More ›
Mondelēz International on Thursday announced it has completed its previously announced acquisition of Tate’s Bake Shop, a fast-growing, premium cookie and baked goods brand known for its authentic, high-quality ingredients. “The Tate’s Bake Shop acquisition represents the type of bolt-on… Read More ›
by Stan Edom Many of the world’s billionaires had fortunes already laid down for them to build on. Although this makes life a lot easier for the few opportuned individuals, many others who attained this billionaire status built everything from… Read More ›
Mondelēz International Expands Its Sustainable Wheat Program to Cover 100% of European Biscuits by 2022
Mondelēz International announced today its ambition to expand the Harmony program, the company’s sustainable wheat sourcing initiative, to cover 100 percent of its biscuit brands in the European Union by 2022, up from 60 percent of the company’s biscuit production in the… Read More ›