Kaap Agri invests US$8.62m in plastics subsidiary to bolster its manufacturing capabilities

SOUTH AFRICA – Kaap Agri, a group trading in agricultural, fuel and related retail markets, has made its first major investment of more than R150million (US$8.62m) to further bolster its manufacturing capabilities. The investment entails […]

Africa Capitalworks invests in West African beverages company, Gaselia Industries Group

WEST AFRICA – Africa Capitalworks Management, a Sub-Saharan Africa-focused private equity investment company, has announced the acquisition of a significant minority equity shareholding in Gaselia Industries Group, one of the largest homegrown beverages groups in […]

JV to invest US$38m in establishing Rwanda’s first milk powder processing plant

RWANDA – TRIOMF East Africa, a joint venture firm owned by South African and Rwandan investors in collaboration with dairy farmers in Gicumbi District, Northern Province of Rwanda are set to establish a U$38m (Rwf37 […]

Amethis Fund II to acquire minority stake in Kenyan retail chain Naivas

KENYA – Amethis Fund II, Paris-based private equity fund is set to acquire a minority equity stake in Kenyan retail chain Naivas Limited in a deal estimated to be worth billions of shilling. “We are […]

Ezdehar acquires stake in Egyptian convenience foods manufacturer Rich Food Industries

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 Agricultural and Industrial Investment Corporation launched

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 […]

African Development Bank approves US$124.2 million loan for water sector reforms in Nigeria

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 […]

Varun Beverages Zimbabwe commission US$20m manufacturing plant

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, […]