East African Breweries to raise stake in Serengeti Breweries by 30%

EAST AFRICA – East African Breweries Limited (EABL) seeks to acquire an additional 30 percent stake in its Tanzanian subsidiary, Serengeti Breweries Limited, in a deal that will deepen its grip. The deal comes barely […]

Zimbabwe’s milk processors Dairibord, Tavistock enter into a strategic alliance

ZIMBABWE – Dairibord Zimbabwe Ltd (DZL), Zimbabwe’s largest milk processor has entered into a strategic alliance and share subscription agreement with its single largest supplier of raw milk, Tavistock Estate Limited. This development will see […]

Maghreb Private Equity Fund IV acquires additional stake in Tunisian Cheese maker Land’Or

TUNISIA – Maghreb Private Equity Fund IV (MPEF IV) has acquired 1.8 million new shares, representing 16.20% of the capital of the Tunisian agrifood firm Land’Or. This acquisition allows the private equity fund dedicated to […]

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 […]

Spur set for share buy back from GPI and Treasury

SOUTH AFRICA – Grand Parade Investments (GPI), a South African restaurant and gaming group has entered into agreement with Spur Corporation to sell its 10% stake, back to the steakhouse company reducing its shareholding from […]