Uganda’s Grainpulse receives US$11m to provide multiple agribusiness services to farmers

UGANDA – IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced an US$11 million loan to Ugandan agribusiness company Grainpulse […]

American investment fund The Rise Fund invests in Uganda’s Pearl Dairy

UGANDA – The Rise Fund, a global impact investment fund managed by American private equity firm, TPG Capital has acquired a 34% stake in Uganda’s leading dairy company, Pearl Dairy. Pearl, which markets its products […]

AfricaRice teams up with Africa Harvest to boost rice production in East Africa

EAST AFRICA – Africa Rice Centre has partnered with Africa Harvest Biotech Foundation International in a project that seeks to boost rice production in East Africa. With the support of International Fund for Agricultural Development […]

Ugandan government to invest US$6.24m in Mabale tea factory

UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]

Diageo to invest US$220M in sustainability projects in African breweries

AFRICA – Diageo, the world’s leading spirits maker has pledged to invest US$220million in green energy and water recovery solutions at 11 of its African breweries. The investment, which represents the company’s largest environmental investment […]

Uganda’s Standard body closes sachet-filling machines from 37 alcohol manufacturers

UGANDA – The Uganda National Bureau of Standards has closed over 167 sachet-filling machines from at least 37 alcohol-manufacturing companies as part of enforcing the government’s ban on alcohol sold in sachets. The government through […]

East African Breweries reports 57% jump in full-year profits to US$115m

KENYA – The East African Breweries Limited (EABL) posted a 57.34 per cent growth in net profit to US$115 million (Sh11.5 billion) for the year ending 30th June 2019. The company’s performance was boosted by a […]

Kenya halts maize imports plans from Mexico, turns to regional market

KENYA – The Ministry of Agriculture in Kenya has halted importation of 11.1 million bags of maize from Mexico and will instead be importing the commodity from Common Market for Eastern and Southern Africa (COMESA) […]