EGYPT – Ezdehar Management, a private equity fund manager through its first fund, the Ezdehar Egypt Mid-Cap Fund has acquired an undisclosed stake in Rich Food Industries, a fast-growing manufacturer of convenience foods focused on […]
MALAWI – The newly established Malawi Agricultural and Industrial Investment Corporation (MAIIC) is now in full force to drive private sector led economic development in the country. MAIIC chief executive officer, Taziona Chaponda said during […]
MOZAMBIQUE – Nespresso, a coffee operating unit of the Nestlé Group, has announced the signing of a Memorandum of Understanding with the Mozambique’s Gorongosa National Park to promote the local coffee industry as part of […]
MOROCCO – SEAF Morocco Growth Fund (SMGF), an investment fund has completed its fourth investment with its acquisition of stake in SOWIT, an Agritech Company Specializing in Precision Agriculture in Africa. SOWIT is an African […]
NIGERIA – The Board of Directors of the African Development Bank have approved a US$124.2 million loan to finance the Urban Water Sector Reform and Akure Water Supply and Sanitation Project in Nigeria to address […]
ZIMBABWE – Varun Beverages Zimbabwe (Pvt) Limited, franchise bottler of PepsiCo in the country has officially commissioned the US$20 million second phase of its manufacturing plant in Harare. Varun Beverages produces brands that include Pepsi, […]
TANZANIA – Dutch DOB Equity, a family-backed impact investment firm has invested in Natural Extracts Industries (NEI), a natural vanilla flavour manufacturer, based in Moshi, Tanzania. NEI sources green vanilla pods from small-holder farmers in […]
KENYA – Kenyan agri-tech startup, Farmshine, has raised US$250,000 investment from US-based impact investor Gray Matters Capital’s gender lens sector-agnostic portfolio coLABS (GMC coLABS) to expand its operations. Farmshine operates a global agriculture platform where […]
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 […]
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 […]
