Ethiopian firm invests US$20m in two water bottling plants

ETHIOPIA – A local Ethiopian investment firm, Gold Group has built two water bottling plants in separate parts of Oromia Regional State, Southern Ethiopia worth 600 million Br (US$20m) investment. Gold Group has set up […]

Beta Glass to complete $30m capacity expansion investment in June 2020

NIGERIA – Beta Glass Plc, the Nigerian maker of glass bottles and containers for the beverage industry has announced that the $30 million investment to establishing a new furnace and upgrade existing production lines at […]

Nampak sells glass business for US$125m to AB InBev’s affiliate Isanti Glass 1

SOUTH AFRICA – Nampak, a South Africa based diversified packaging manufacturer, has sold its glass business to Isanti Glass 1 for about R1.5bn (US$125m). Isanti Glass 1 is 60% owned by investment firm Kwande Capital, […]

Rwanda banana processing industries get financial boost from research, innovation fund

RWANDA – Banana processing industries in Rwanda have received a Rwf50 million (US$55,000) grant from National Research and Innovation Fund set to improve technologies and quality in production of banana beverages. The fund was launched […]

South Africa’s urban agricultural project gets US$8m assets boost

SOUTH AFRICA – The City of Ekurhuleni, a metropolitan municipality of the local government of Gauteng province, East of South Africa has released 56 farms valued at R120 million (US$8m) to local smallholder and subsistence […]

Zimbabwe bans direct sales of maize to regulate trade amid dwindling production

ZIMBABWE – The government of Zimbabwe has banned the buying and selling of corn between private individuals and companies, and will only allow state owned Grain Marketing Board to be the sole buyer of commodity. […]

Ghana launches initiative to develop livestock industry

GHANA – Ghana has launched the ‘Rearing for Food and Jobs (RFJ) campaign, another module of the government’s flagship programme “Planting for Food and Jobs” aimed at developing livestock industry. Speaking during the launch of […]