IFC backs Nigerian PET resin manufacturer Engee with US$39 financing facility
NIGERIA — Engee Manufacturing Limited, Nigeria’s leading manufacturer of Polyethylene Terephthalate (PET) resin used in…
AFRICAN NEWS
Four Nigerian companies get CBN approval to import 262,000 tons of maize
NIGERIA – The Central Bank of Nigeria has approved four companies i.e. Wacot Limited, Chi…
Ethiopia joins Centre for Agriculture and Bioscience International as its 50th member state
ETHIOPIA – The Centre for Agriculture and Bioscience International (CABI), has welcomed Ethiopia as its…
Rwanda’s Bralirwa registers 70.6% rise in profit despite revenue decline
RWANDA – Bralirwa Plc, Rwanda’s leading producer and marketer of beers and soft drinks has…
Tunisian cheese marker Land’Or clinches US$12.89m from EBRD for Tunisia, Morocco expansion
NORTH AFRICA – Land’Or, Tunisian dairy processor specializing in cheese making has received €10.9 million…
Kenya Chamber of Commerce urges government to open alcohol industry
KENYA – The Kenya National Chamber of Commerce and Industry (KNCCI) has put forth a…
Spur Corporation Chief Operating Officer Mark Farrelly resigns
SOUTH AFRICA – Spur Corporation, steakhouse franchise restaurant headquartered in South Africa has announced that…
Kenya misses 91% of its dairy export market in second quarter
KENYA – Kenya has registered a 91% decline in dairy products exports in the second…
Ghana lays foundation for new cashew nut processing factory under 1D1F initiative
GHANA – Ghana’s district of Tain is the latest beneficiary of the 1 District- 1 Factory…
SeedCo International to merge with Zimbabwean unit ahead of Victoria Falls Stock Exchange listing
ZIMBABWE – Seed Co International (SCIL), a leading certified seed company operating in over 15…
Liberian government contracts farmers to produce rice, cassava with US$5.5m funding from World Bank
LIBERIA – The Ministry of Agriculture (MOA)of Liberia has awarded contracts to 10 small holders’…
On-demand delivery company Glovo appoints Priscilla Muhui as General Manager for Kenya
KENYA – Glovo, on-demand delivery start-up, has announced the appointment of Priscilla Muhiu as the General…
Kenya Marine and Fisheries Research Institute develops value added fish products
KENYA – In a bid to add value to Kenya’s fishing industry, the Kenya Marine…
Kenyan government joins forces with underwriters offering farmers US$1.08m crop failure compensation
KENYA – The government of Kenya has partnered with six local underwriters in the Crop…
Guinness Nigeria full year profit after tax drops 329% impacted by COVID-19
NIGERIA – Diageo’s Nigerian operating unit, Guinness Nigeria Plc, has announced its audited results for…
Nestlé appoints Mauricio Alarcon to lead Central, West Africa region
WEST & CENTRAL AFRICA – Global food and beverage company, Nestlé has appointed Mauricio Alarcon…
Egyptian food ordering platfrom Ordera secures funding for expansion
EGYPT – Egypt based food ordering platform, Ordera has secured a six-figure USA dollar investment…
Namibian government pockets US$42.16m from fishing quotas auction
NAMIBIA – The government of Namibia has raised N$627.9 million (US$42.16m) from the auction of…
Nigerian oil palm processor Ellah Lakes eyes US$40m debt, equity fundraising
NIGERIA – Ellah Lakes Plc, vertically integrated oil palm processing company in Nigeria, is seeking…
Nigerian Bottling Company installs high-speed canning line boosting production
NIGERIA – The Nigerian Bottling Company (NBC), franchise bottler of Coca-Cola in Nigeria, has successfully…
Nestlé increases stake in Nigerian subsidiary purchasing shares worth US$1.9m
NIGERIA – Nestlé S.A, Swiss multinational food and drink processing company, has upped its stakes…
Zimbabwe dairy sector receives US$5m boost despite COVID-19 pandemic
ZIMBABWE – Local investors in Zimbabwe have injected US$5 million in the country’s dairy industry…
Namibian Breweries launches Horizon non-alcoholic flavored beer
NAMIBIA – The Namibia Breweries Limited (NBL), subsidiary of the Ohlthaver & List (O&L), has…
Zimbabwe based confectionery manufacturer Arenel suspends US$6m flour milling plant project
ZIMBABWE – Zimbabwean confectionery company, Arenel Sweets & Biscuits, has put on hold its US$6…