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 […]

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 […]

Nigeria Aviation Handling Company to build export processing zone in airport to boost agricultural exports

NIGERIA – The Nigeria Aviation Handling Company has concluded plans to build an export processing area at the Murtla Muhammed International Airport, Lagos. NAHCO Group Managing Director, Mrs Tokunbo Fagbemi, revealed this, adding that the firm […]

Ethiopia secures US$451m in funding to help farmers adopt to climate change

ETHIOPIA – International Fund for Agricultural Development (IFAD) and Ethiopia have signed an agreement to fund the Lowlands Livelihood Resilience Project by injecting US$451m funded through a combination of debt and grant. The financing agreement […]

Indoor farming startup Bowery Farming raises US$50m in funding

USA – New York-based indoor farming startup, Bowery Farming Inc has raised US$50 million in funding in an extension of its Series B round. The funding was led by Singapore state investor Temasek with participation […]

Italian bottle screw-top maker Guala Closures opens US$5.5m factory in Kenya

KENYA – Guala Closures East Africa (GCEA) subsidiary of the Guala Closures Group (GCG), screw-top manufacturer, has opened its KSh570 million (US$5.5m) factory in Nairobi, Kenya. The Italian listed company has set up the plant […]

Pyxus Agriculture to invest US$50m in value addition of Malawi’s agric produce

MALAWI – Pyxus Agriculture Limited, subsidiary of United Kingdom-based company Pyxus Agriculture Holding Limited, focusing on groundnuts and sunflower value addition ventures has announced that it will invest $50 million (about K37 billion) in Malawi’s […]

Nestle teams up with regional partners to launch youth-focused initiative in Africa

AFRICA – The multinational food and drink processing conglomerate corporation, Nestle in partnership with its regional partners has launched the Regional Alliance for YOUth in Sub-Saharan Africa. This joint effort is part of the company’s […]