Tongaat Hulett to sell its starch division as part of debt recovery plan

SOUTH AFRICA – Sugar producer, Tongaat Hulett has entered into negotiations for the potential sale of its starch division as it grapples to reduce its huge debt. The talks come after Tongaat had committed itself […]

East African Breweries mulls US$49.7m bond to finance operations

KENYA – East African Breweries Limited (EABL) to use banks to refinance the Sh5 billion (US$49.7m) bond set for maturity in March, shunning the option of going back to the Nairobi Securities Exchange (NSE) to […]

Califia Farms closes landmark US$225m series D financing round

USA – Califia Farms, a Los Angeles-based plant-based food and beverage company has closed its Series D financing raising US$225 million in capital led by the Qatar Investment Authority (QIA).  The funding, which counts as […]

Plant-based ingredients maker Nutriati raises US$12.7m in funding

USA – American plant-based ingredient maker, Nutriati has raised US$12.7 million in a Series C Funding round to support research and development, increase production capacity and expand its footprint. The funding round was led by […]

Co-op Bank Kenya, CFAO launch financing scheme for Agri-Machinery and Equipment

KENYA – Co-operative Bank, a commercial bank in Kenya has penned a joint scheme with CFAO Kenya Ltd formally known as Toyota Tsusho East Africa Ltd, to enable farmers and agricultural co-operative societies get up […]

International Breweries shareholders approve raising capital through Rights Issue

NIGERIA – The shareholders of International Breweries Plc have approved the company’s ‘Rights Issue’ as proposed by the Board of Directors and further authorised the board to take all steps required to give effect to […]