Cargill invests US$113m in Ivory Coast and Ghana cocoa processing expansions

WEST AFRICA – Global agribusiness company, Cargill will be investing over US$113 million to expand its cocoa processing sites in Yopougon, Ivory Coast and Tema, Ghana. The company is planning to invest US$100 million to […]

GPI plans to offload majority stake in Burger King in move to become an investment company

SOUTH AFRICA – Grand Parade Investments (GPI), the master franchise holder for Burger King in SA, is in talks with an unnamed buyer to offload a majority stake in the local operations of the US […]

Choppies exits South Africa with sale of stores to King Investments

SOUTH AFRICA – Choppies Group has offloaded its South Africa stores and distribution centres to King Investments following the launch of open bids for its 88 stores in October to settle its outstanding debt. In […]

Zimbabwe’s private, public sector collaborate in boosting grain production

ZIMBABWE – PHI Commodities, subsidiary of National Foods Limited has committed to fund over 20 000 hectares of both maize and wheat production under contract farming during the 2019/2020 summer cropping season. This is in […]

Silvertree invests South African new virtual kitchen business Darth Kitchens

SOUTH AFRICA – Cape Town-based investor Silvertree Holdings has invested R5 million (US$0.34 million) in return for a majority stake in former OrderIn co-founder Heini Booysen’s new Darth kitchens business. Also known as a “ghost […]

Aqua Air launches Africa’s first atmospheric water generating plant

SOUTH AFRICA – South Africa based water technology company, Aqua Air has launched Africa’s first atmospheric water generating plant in Pretoria aimed at tackling the critical scarcity of potable water in South Africa. The plant, […]

Nigeria secures key fertilizer production ingredient from Russia to boost local production

NIGERIA – The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing which was done under the Presidential Fertiliser Initiative (PFI) will see Russia […]

Bidco Africa and Land O’Lakes commission US$12m upgraded animal feed plant

KENYA – Edible oils manufacturer, Bidco Africa, has teamed up with American conglomerate Land O’Lakes to invest KSh1.2 billion (US$12m) in the upgrade of an animal feed factory in Nakuru, Central Kenya. According to Business […]

Kenyan speciality tea processor secures seed capital from Sinapis

KENYA – Tumoi Tea, a Kenyan speciality tea processor start up has bagged US$10,000 seed capital from Sinapis, a global business accelerator during their annual business plan competition held in Nairobi, Kenya. Tumoi Teas produces […]