Tanzanian agri-business firm to list on Dar es Salaam Stock Exchange

TANZANIA – Tanzanian agri-business company, JATU Plc is set to float shares to the public through Dar es Salaam Stock Exchange (DSE), with the focus of raising a total of Tzs 7.5bn (US$3.2m). The shares […]

Danone, Incofin IM partner to invest in businesses providing access to clean water in Africa, Asia

AFRICA – Danone, French multinational food-products corporation has partnered with Incofin IM, leading international impact fund manager to jointly invest in businesses providing access to clean water in Africa and Asia. The partnership will entail […]

Indian firm to establish sugar factory in Tanzania to boost production

TANZANIA – Indian sugar miller, Purandare Industries (T) Ltd, plans to establish a mega sugar processing factory in Tanzania’s capital, Dodoma. According to the company’s Managing Director, Satish Purandare, construction of the 20,000 acres factory […]

Rwanda in partnership with Howard Buffet inaugurates US$54m irrigation scheme

RWANDA – The Rwandan government, in partnership with American billionaire, Howard Buffet has inaugurated a US$54m irrigation scheme in Nasho Sector of Kirehe District which also consists of a solar power plant with a capacity […]

Egyptian food and grocery delivery startup Breadfast raises funds

EGYPT – Cairo-based fresh bread and groceries delivery startup Breadfast has raised a seven-figure bridge funding round as it prepares for its Series B. Launched in 2017 by Mostafa Amin, Muhammed Habib, and Abdallah Nofal, […]

Kenyan poultry firm Suguna to clinch US$4m financing from IFC

KENYA – Suguna Poultry Kenya, subsidiary of India’s multinational Suguna Foods is seeking US$8.4m to invest in the construction of feed mills, breeders and hatcheries with an already proposed partial financing from The International Finance […]

Competition Tribunal approves PepsiCo’s US$1.7bn takeover of Poineer Foods

SOUTH AFRICA – The US$1.7bn (R25.52bn) purchase of local food company Pioneer Foods by US giant PepsiCo has been given the go-ahead by the Competition Tribunal. The deal is one of the snack-food giant’s biggest […]

Kenya sets strategies to boost the agriculture sector with US$428.4m investment

KENYA – The government of Kenya is set to boost the country’s agriculture sector by injecting Sh440 billion (US$428.4m) over the next five years under the Agricultural Sector Transformation and Growth Strategy (ASTGS) 2019-2029. This […]

USDA launches US$38m Regional Cashew Value Chain Project in West Africa

WEST AFRICA – The United States Department of Agriculture (USDA) is implementing a US$38 million Regional Cashew Value Chain Project in Gambia, Senegal and Guinea-Bissau. The project carried out by USDA’s Food For Progress (FFPr) […]

GreenTec Capital Patners invest in Kenyan insect-based protein company

KENYA – GreenTec Capital Patners, a German premium investor, has invested in Ecodudu, a Kenya-based waste-to-value company producing high-quality insect-based protein for animal feed and organic fertilizers from recycled organic matter. Ecodudu has developed an […]