Tag: investment

Nigeria secures key fertilizer production ingredient from Russia to boost local production

Food Business Africa

NIGERIA – The Federal Government on Monday entered into an agreement with a Russian firm, Uralchem, on fertiliser production in Nigeria. The signing which was done under the Presidential Fertiliser Initiative (PFI) will see Russia […]

Namibian meat processor Ohlthaver & List buys majority stake in rival company

Clement M.

NAMIBIA – The Ohlthaver & List Group has acquired a 60% stake in Hartlief Corporation Limited, a meat producer, a move that is in line with the group’s 2025 corporate strategy. This majority stake ownership […]

Ghana acquires US$188m loan facility for Agricultural mechanization

Food Business Africa

GHANA – The government of Ghana through the Ministry of Food and Agriculture has secured loan facilities of US$150m from India and US$33m from Brazil to enhance agro-processing in the country through purchase of machinery. […]

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

Food Business Africa

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

Food Business Africa

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 […]

AgriProtein set for global expansion with new facilities in the US and Europe

Food Business Africa

SOUTH AFRICA – AgriProtein, the world’s first industrial-scale maggot farm based on organic waste, is set for a global expansion as it plans to open a plant in Jurupa Valley, California in 2020, aimed to […]