ZAMBIA – A Zimbabwean company plans to invest about US$500 million in sugar cane cultivation and sugar refining in Luapula Province.
AFRICA – Coca-Cola plc, one of the biggest non-alcoholic beverage companies in the world, has pledged to invest $5 billion in Africa over the next six years.
ZAMBIA – Parmalat Zambia Limited has commissioned a new five billion kwacha milk powder plant at its Mungwi road premises in Lusaka.
KENYA – Kenya Power will in January start offering cheaper off-peak electricity tariffs to industrialists to lower the cost of production and drive manufacturers to overnight production that will lower power demand.
Mahtani Group of Companies has partnered with Sunbird Group of the United Kingdom to develop a US$150 million bio-ethanol plant in Luapula Province.
NIGERIA – American foremost beer brand, Bacardi Breezer has joined other international brands that are leveraging Nigeria’s large market as a hub to expand their footprint into Africa.
NIGERIA – Nigeria’s packaging industry has seen significant growth, recording about 40 percent expansion in the last five years, according to Naomi Peterson, managing director, Nampet Ventures Nigeria Limited, producer of disposable plastic materials based in Port Harcourt, Rivers State.
ZAMBIA – Chingola has a new maize milling plant that has a production capacity of 120 tonnes per day.
UGANDA – Kakira Sugar Works Ltd., Uganda’s biggest processor of the sweetener, plans to build an ethanol plant by the end of 2016 after it spent $75 million (Shs197 billion) expanding cane-crushing and power operations over the past two years.
KENYA – Cold Stone Creamery, an American ice cream chain, has joined a raft of Western retailers setting up base in Kenya with its first store set to open in Nairobi by the end of next month.