Nigerian Breweries unveils Series 9 and 10 Commercial Papers to raise additional US$52.5m
NIGERIA – Nigerian Breweries has declared open its series 9 and 10 Commercial Paper (CP)…
AFRICAN NEWS
Somalian woman entrepreneur establishes Atika Sugar Factory in Northern Uganda
UGANDA – The President of Uganda, Yoweri Museveni has inaugurated the multibillion Atiak Sugar Factory…
Ghana Cocoa Board rolls out online portal dubbed Cocoa Management System
GHANA – The Ghana Cocoa Board (COCOBOD) has introduced the Cocoa Management System, a comprehensive…
University of Namibia launches water bottling plant fed by desalinated seawater
NAMIBIA – The University of Namibia (Unam) has inaugurated a water bottling facility, fed by…
Angolan poultry farm seeks US$80m to double egg production capacity to 2 million eggs/day
ANGOLA – Pérola do Kikuxi farm, one of the largest integrated poultry producers in Angola…
Nestle Ghana names Georgios Badaro as its new Managing Director
GHANA – Nestle Ghana has appointed Georgios Badaro as its new Managing Director, to be…
EABL adds Ory Okolloh to company’s board as Non-Executive Director
KENYA – The East African Breweries Limited (EABL) has appointed Ory Okolloh Mwangi as an…
Cameroon records 19k tons decline in banana exports in first nine months
CAMEROON – Cameroon, one of the largest banana exporters in Africa, has reported a 19,…
Kenya’s cereal board seeks US$2.7m to refurbish grain dryers, storage facilities
KENYA – Kenya’s National cereals and Produce Board (NCPB) is seeking Ksh 300 million (US$2.7m)…
AfDB launches AgriPitch competition with US$120,000 cash prize
AFRICA – The African Development Bank is calling for agribusiness plans entry submission for its…
Simbisa Brands reports 2% decline in full-year profit despite expanding foot-print
ZIMBABWE – Simbisa Brands, a fast-food restaurant operator headquartered in Zimbabwe has reported a 2%…
South Africa commences construction of US$12.6m Aquaculture Development Zone
SOUTH AFRICA – The Coega Development Corporation (CDC), a public entity wholly owned by the…
Tea export volumes in Kenya decline by 4% in first eight months despite rise in production
KENYA – Tea production in Kenya for the first eight months of the year (January…
Zimbabwe Tea producer Tanganda invests US$15m in solar power plant
ZIMBABWE – Zimbabwe’s largest grower and producer of tea and coffee, Tanganda Tea Company Limited…
Coca-Cola Kenya brings refreshment nearer to customers with DialACoke delivery platform
KENYA – Soft beverage manufacturer, Coca-Cola Kenya has launched a home delivery service dubbed ‘DialACoke’…
Guinness Nigeria disseminates information on responsible drinking using DrinkiQ platform
NIGERIA – Diageo’s Nigerian operating unit, Guinness Nigeria Plc has collaborated with the Ministry of…
AfDB partners with fertilizer giant OCP Africa to undertake US$4m agribusiness project in West Africa
WEST AFRICA – The African Development Bank (AfDB) through the Africa Fertilizer Financing Mechanism (AFFM)…
Uganda attains 28% rise in September coffee export earnings fetching US$44m
UGANDA – Uganda coffee exports for the crop year October 2019 to September 2020 totaled…
Middle Eastern retailer LuLu Group acquires US$1 billion for expansion in Egypt
EGYPT – LuLu International Holdings (LIHL), one of the leading hypermarkets & supermarket chains in…
Woolworths South Africa invests US$45.7m in food price reduction fostering affordability
SOUTH AFRICA – South African retail giant Woolworths is seeking to invest R1bn (US$60.9m) in…
Pick n Pay strengthens grocery delivery acquiring Bottles as it eyes Nigerian market
SOUTH AFRICA – South Africa’s supermarket chain Pick n Pay has concluded an agreement to…
Togolese ride-hailing startup acquires food delivery business Delivroum
TOGO – Togo’s leading food delivery start-up, Delivroum has been acquired by Gozem, which started…
Ethiopian Airlines to source locally grown produce, ingredients for in-flight meals
ETHIOPIA – The U.S. Agency for International Development (USAID) has partnered with Ethiopia’s flagship carrier,…
Indomie noodles maker in Ghana Dufil acquires processing facility from Blow Chem Industries
GHANA – Ghanaian manufacturer of Yum-mie Noodles brand, Blow Chem Industries has sold its noodle…