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Tag: Investment

Moroccan chocolate manufacturer Aiguebelle invests US$7.4 million in new production line

March 29, 2023March 29, 2023

MOROCCO – Aiguebelle, a chocolate manufacturing unit of the Omnipar group, has inaugurated a new 75 million dirhams (US$7.4 million)…

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AFRICAN NEWS Investments & Funding News LATEST NEWS Sugar & Confectionery 

Suntory PepsiCo Beverage targets to grow 3 times in five years

March 28, 2023March 28, 2023

THAILAND – Suntory PepsiCo Beverage (Thailand) Co, a joint manufacturing and distribution venture of beverage giants Suntory and PepsiCo in…

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Beverages Investments & Funding News LATEST NEWS WORLD NEWS 

Coca-Cola Europacific Partners invests US$8.6m in expanding warehousing unit in Portugal

March 21, 2023March 21, 2023

PORTUGAL – Coca-Cola Europacific Partners plc, one of the largest FMCG sectors in Europe’s most significant markets, has invested €8…

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Beverages Investments & Funding News LATEST NEWS WORLD NEWS 

Saudi food service company Herfy expands into Africa with launch of two outlets in Nigeria

March 21, 2023March 22, 2023

NIGERIA – Herfy Food Services, a major fast-food restaurant chain in Saudi Arabia, has expanded its business horizon into Africa…

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AFRICAN NEWS Food service, Retail, E-commerce Investments & Funding News LATEST NEWS 

Tiger Brands bolsters capability in innovation with launch of head office-based Sensorium

March 18, 2023March 18, 2023

SOUTH AFRICA – Tiger Brands Limited, a South African packaged goods company, has inaugurated a brand new state-of-the-art multi-purpose center…

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AFRICAN NEWS Investments & Funding News LATEST NEWS 

Moroccan retail-tech startup Chari invests in new chain of B2B stores to expand market reach

March 17, 2023March 17, 2023

MOROCCO – Chari, the leader in the digital distribution of Fast-Moving Consumer Goods in Morocco, has launched a new chain…

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AFRICAN NEWS Investments & Funding News Supplier News & Innovations 

GB Foods Africa inaugurates US$5m tomato production line in Ghana

March 16, 2023March 16, 2023

GHANA – Gallina Blanca (GB) Foods Africa, a subsidiary of the Spanish consumer goods group Agrolimen SA, has commissioned a…

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AFRICAN NEWS Agriculture & Agribusiness Investments & Funding News LATEST NEWS 

Ethiopian horticultural player WoubGet Holdings to set up US$6.5m cold storage facility in Modjo town

March 15, 2023March 15, 2023

ETHIOPIA – WoubGet Holdings, a big player in the Ethiopian horticultural product logistics segment, plans to establish a cold storage…

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AFRICAN NEWS Fruits & Vegetables Investments & Funding News LATEST NEWS 

OCP Africa partners with Microsoft to strengthen food security in Africa

March 13, 2023March 13, 2023

AFRICA – OCP Africa, a subsidiary of Moroccan phosphate and fertilizer giant OCP Group, has partnered with Microsoft’s Africa Transformation…

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AFRICAN NEWS Agriculture & Agribusiness LATEST NEWS 

Tingo Foods to power its US$1.6bn food processing facility using solar energy

March 9, 2023March 9, 2023

NIGERIA – Tingo Foods Plc, a subsidiary of Montvale-based MICT Inc., has entered into a partnership with Evtec Energy to…

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AFRICAN NEWS Investments & Funding News LATEST NEWS Sustainability 

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  • Nestlé to close Pizza factory in France linked to deadly E. coli outbreak
  • AB InBev debuts world’s first beer created using Artificial intelligence
  • Nestle advances talks for US$1 billion acquisition deal of Mumbai-based Capital Foods
  • Jack Daniel’s, Coca-Cola release pre-mixed cocktail collaboration brand in Britain and Europe
  • Monster Energy accuses Red Bull of anti-competitive targeting

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