Private equity firm ECP buys majority stake in Kenya’s Artcaffe

KENYA (Reuters)– Africa-focussed private equity firm Emerging Capital Partners has acquired a majority stake in Kenyan restaurant chain Artcaffe Group, the latest sign of growing international private equity investor interest in East Africa.  The move […]

UK’s packaging manufacturers to pay recycling costs under waste scheme

UK – The UK government has unveiled a new waste strategy that mandates businesses and manufacturers of packaging to pay the full cost of collecting, recycling or disposing of their packaging waste. Also, supermarkets and […]

Wine and spirits firm Pernod Ricard acquires stake in Jumia to grow footprint in Africa

AFRICA – French beverages distillery and the world’s second largest wine and spirits company has said that it has invested in Jumia, the leading ecommerce player for an unspecified stake to strengthen its position in […]

DOB Equity invests in Coconut Holdings to capitalize on health conscious product

KENYA – DOB Equity, a Dutch family-backed impact investor in East Africa has invested in Coconut Holdings Limited, producer and owner of Kentaste range of coconut based products, to help it expand on the fast […]

AfDB approves US$75m investment in Sudan’s largest food and agro firm, Dal Group

SUDAN – The African Development Bank (AfDB) has approved a multi-currency loan equivalent to US$75 million to DAL Group Co. Ltd, one of Sudan’s largest food and agriculture business groups. The transaction is expected to […]

Uganda manufacturers push for suspension of digital tax stamps

UGANDA– Uganda manufacturers association has asked the government to suspend the enforcement of Digital Tax Stamps in a bid to reduce cost of doing business, reports the Monitor. According to the manufacturers, the current business […]