Oromia Coffee Farmers Cooperative Union establishes US$1.5m coffee processing complex

ETHIOPIA – The Oromia Coffee Farmers Cooperative Union in Ethiopia is set to commission its first coffee roasting and packaging complex at Gelan town in Oromia Regional state. The coffee roasting complex worth 50 million […]

IFC invests US$55.9M in Habesha Breweries, boosting Ethiopia’s barley industry

ETHIOPIA — The International Finance Corporation (IFC) has extend US$55.9 million financing to Habesha Breweries S.C., a beverage manufacturer in Ethiopia to help the company expand its operations and increase local barley sourcing from smallholder […]

PepsiCo acquires majority stake in Ethiopian Crisps processing company Senselet

ETHIOPIA – PepsiCo, one of the world’s leading food and beverage companies has acquired majority stake in Senselet Food Processing Plc in Ethiopia from Veris Investments, a growing and influential investment company, who will maintain […]

IFC, GAFSP invest US$22m in Ethiopia’s Soufflet to boost local malt production

ETHIOPIA — The International Finance Corporation (IFC) and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP) have announced a US$22.33 million (€20 million) investment in Soufflet Malt Ethiopia to help […]

Britannia invests US$29m in a new greenfield manufacturing facility in Assam

INDIA – Britannia Industries, the Bengaluru, Karnataka based food products corporation has invested US$29.1 million in a new greenfield manufacturing facility in Rampur, Guwahati, Assam. The facility, one of its largest in India, will produce […]