UGANDA – IFC, a member of the World Bank Group, and the Private Sector Window of the Global Agriculture and Food Security Program (GAFSP), today announced an US$11 million loan to Ugandan agribusiness company Grainpulse […]
UGANDA – The Rise Fund, a global impact investment fund managed by American private equity firm, TPG Capital has acquired a 34% stake in Uganda’s leading dairy company, Pearl Dairy. Pearl, which markets its products […]
UGANDA – Kayonza Tea Factory in Uganda has secured a US$ 3.15 million long-term loan from social impact investor Oikocredit for establishing a second factory to double its capacity to 38,000 metric tonnes per year. […]
EAST AFRICA – Africa Rice Centre has partnered with Africa Harvest Biotech Foundation International in a project that seeks to boost rice production in East Africa. With the support of International Fund for Agricultural Development […]
UGANDA – The government is set to invest US$6.24 million (UGX23 billon) in Mabale tea factory to revive operations of the company. According to Finance Minister, Matia Kasaija the government will invest the proceeds in […]
AFRICA – Diageo, the world’s leading spirits maker has pledged to invest US$220million in green energy and water recovery solutions at 11 of its African breweries. The investment, which represents the company’s largest environmental investment […]
UGANDA – The Uganda National Bureau of Standards has closed over 167 sachet-filling machines from at least 37 alcohol-manufacturing companies as part of enforcing the government’s ban on alcohol sold in sachets. The government through […]
KENYA – The East African Breweries Limited (EABL) posted a 57.34 per cent growth in net profit to US$115 million (Sh11.5 billion) for the year ending 30th June 2019. The company’s performance was boosted by a […]
KENYA – The Ministry of Agriculture in Kenya has halted importation of 11.1 million bags of maize from Mexico and will instead be importing the commodity from Common Market for Eastern and Southern Africa (COMESA) […]
