Bidco Africa and Land O’Lakes commission US$12m upgraded animal feed plant

KENYA – Edible oils manufacturer, Bidco Africa, has teamed up with American conglomerate Land O’Lakes to invest KSh1.2 billion (US$12m) in the upgrade of an animal feed factory in Nakuru, Central Kenya. According to Business […]

Kenyan speciality tea processor secures seed capital from Sinapis

KENYA – Tumoi Tea, a Kenyan speciality tea processor start up has bagged US$10,000 seed capital from Sinapis, a global business accelerator during their annual business plan competition held in Nairobi, Kenya. Tumoi Teas produces […]

Tanzania Agricultural Development Bank supports agricultural initiative with US$4.9m investment

TANZANIA – State-owned Tanzania Agricultural Development Bank (TADB) has reaffirmed its commitment to increase funding for irrigation schemes by dishing out loans amounting to 11.48bn/- (US$4.9m) for various projects countrywide. The regions that have so […]

Cargill invests US$16.4m in Ghana to expand cocoa processing capacity

GHANA – Cargill has unveiled plans of investing US$13 million for the expansion of its cocoa processing site in Tema, Ghana to increase production capacity by 20%. Cargill has also committed an addition US$3.4 million […]

Nigeria Aviation Handling Company to build export processing zone in airport to boost agricultural exports

NIGERIA – The Nigeria Aviation Handling Company has concluded plans to build an export processing area at the Murtla Muhammed International Airport, Lagos. NAHCO Group Managing Director, Mrs Tokunbo Fagbemi, revealed this, adding that the firm […]

RCL Foods acquires Imperial Logistic’s cold chain unit in South Africa

SOUTH AFRICA – RCL Foods, South African consumer goods and milling company has inked a deal with Imperial Logistics to consolidate its logistics division, Vector with Imperial’s cold chain business. Imperial Logistics Limited is an […]

Ethiopian biscuit producer Ahadukes secures backing from PE firm Zoscales Partners

ETHIOPIA – Ahadukes Food Products, producer of mainstream and premium biscuits for the Ethiopian domestic and export markets, has secured an investment from Zoscales Partners (ZP), a private equity firm with impact in East Africa through […]

Malawi receives US$4.4m boost from Norway to strengthen agricultural research

MALAWI – The Norwegian Government acting through the Ministry of Foreign Affairs has injected an additional US$4.4 million (about K3.2 billion) towards the Malawi Second Agriculture Sector Wide Approach Support Project (ASWAp SP II). The […]

Mauritius-based Dale Capital completes ZAR X listing for agricultural operations

MAURITIUS – Dale Capital, a private equity investment holding company and Mauritius-listed private equity investment holding company, has completed an inward listing on the ZAR X, seeking to raise US$2m (R15m) to invest in high-technology […]