Coca-Cola to invest US$1bn in Nigeria, eyeing growth amid expanding market

NIGERIA - Coca-Cola Hellenic Bottling Company has announced a US billion US trillion investment in Nigeria over the next five years as part of its ...

Posted - 26 Sep, 2024

Kraft Heinz to double production in Egypt amid US$50 million factory expansion

EGYPT - Kraft Heinz has confirmed plans to double its production capacity in Egypt and boost exports across the Middle East and African markets This ...

Posted - 26 Sep, 2024

African Originals secures US$2M funding to propel growth in kenya’s craft beverage sector

KENYA - African Originals a Nairobi-based startup known for its locally-sourced alcoholic and non-alcoholic beverages has successfully raised KSh million US million from international investors ...

Posted - 26 Sep, 2024

Al Ahram Beverages expands with new headquarters, US$33.1M investment

EGYPT - Al Ahram Beverages Company ABC a fixture in Egypt s beverage industry for over years has announced a million US million investment aimed ...

Posted - 26 Sep, 2024

Tiger Brands expands into township markets with bold spaza store branding

SOUTH AFRICA - Tiger Brands is embarking on an expansion into South Africa's informal trade sector branding spaza stores with vibrant murals showcasing some of ...

Posted - 26 Sep, 2024

Incofin Investment Management announces initial investments from Nutritious Foods Financing Facility

AFRICA - Incofin Investment Management has unveiled the first three investments from its recently launched Nutritious Foods Financing Facility N F marking an important milestone ...

Posted - 26 Sep, 2024

Kellanova sells majority stake in Bisco-Misr to Hayel Saeed Anam Group

EGYPT - Kellanova a leading player in the global snacks industry has announced the sale of its majority stake in Egyptian biscuit manufacturer Bisco-Misr to ...

Posted - 27 Sep, 2024

Barcelona-based Novameat secures US$19.4 million in Series A Funding

SPAIN - Barcelona's Novameat has successfully raised million US million in a Series A funding round led by Sofinnova Partners and Forbion BioEconomy The round ...

Posted - 27 Sep, 2024

Tanzania secures US$129.71 million loan to empower youth in agriculture

TANZANIA - The African Development Bank AfDB has approved a loan of US million to support Tanzania's efforts to engage its youth in agriculture The ...

Posted - 30 Sep, 2024

Varun Beverages commits US$50 million to Pepsi plant in DRC

DRC - Varun Beverages part of India's RJ Corp and one of the largest franchisees of PepsiCo has announced a US million investment into the ...

Posted - 02 Oct, 2024

PureFinest set to expand into Africa’s functional beverage market

NIGERIA - PureFinest Inc a subsidiary of Beulah Group Inc is preparing to enter the African market with the launch of its organic natural vitamin ...

Posted - 02 Oct, 2024

SOHAR Port and Freezone to host new US$7 million food manufacturing plant

OMAN - SOHAR Port and Freezone has announced a new partnership with Dan Foods Industries a prominent food manufacturing company for the establishment of a ...

Posted - 02 Oct, 2024

Fan Milk unveils new ambient dairy production line in Ibadan, Nigeria

NIGERIA - Fan Milk Plc a subsidiary of Danone has launched a state-of-the-art ambient dairy production line in Ibadan Nigeria The facility will focus on ...

Posted - 03 Oct, 2024

Olam Agri breaks ground on Ghana’s first state-of-the-art pasta factory

GHANA - Olam Agri has commenced construction on what it calls Ghana s first state-of-the-art pasta factory marking a significant development in the country's food ...

Posted - 03 Oct, 2024

Twellium opens packaging hub in Kumasi, Ghana

GHANA - Twellium Industrial Company TWI a leading Ghanaian manufacturer of soft drinks has officially opened its newest production facility in Kumasi bolstering its position ...

Posted - 07 Oct, 2024

Sky Foods Limited declared insolvent as administrator takes control of iconic TreeTop juice

KENYA - Sky Foods Limited the manufacturer of the legendary TreeTop juice brand has been officially declared insolvent and placed under receivership This development comes ...

Posted - 07 Oct, 2024

Zimbabwe launches US$1 million fund to empower women, youth in agribusiness

ZIMBABWE - Harare recently witnessed the launch of a US million revolving fund aimed at empowering women and youth in agribusiness The initiative known as ...

Posted - 11 Oct, 2024

Flour Mills of Nigeria eyes dual listing amid US$1 billion expansion drive

NIGERIA - Flour Mills of Nigeria Plc FMN one of Nigeria's leading food and agro-allied companies has revealed plans for a dual listing on the ...

Posted - 22 Oct, 2024

Danone joins forces with indonesian partners to combat food waste through powdered milk recycling

INDONESIA - In a bid to tackle food waste and minimize carbon emissions Danone Specialized Nutrition SN Indonesia has launched a new partnership with PT ...

Posted - 22 Oct, 2024

Anheuser-Busch InBev adjusts terms for joint venture exit in Russia

RUSSIA - Anheuser-Busch InBev ABI BR and Anadolu Efes AEFES IS have modified the terms of their previously announced agreement which involves AB InBev's exit ...

Posted - 23 Oct, 2024

Mondelēz international expands presence in China with Evirth acquisition

CHINA - Mondel z International Inc has entered into an agreement to acquire a majority stake in Evirth a Chinese manufacturer of cakes and pastries ...

Posted - 24 Oct, 2024

Mamae Foods secures US$100,000 investment to expand spice production and innovation in Nigeria

NIGERIA - Nigerian spice manufacturer Mamae Foods has received a US investment from Eastside Ventures through its subsidiary Ghost Partners Fund Founded in Mamae Foods ...

Posted - 24 Oct, 2024

Fromageries Bel to invest US$3.1M in expanding Egyptian operations

EGYPT - French dairy giant Fromageries Bel has announced plans to invest US million in its Egyptian operations over the next two years The investment ...

Posted - 28 Oct, 2024

Java House expands Ugandan presence with two new branches

UGANDA - East African coffee chain Java House has extended its footprint in Uganda by opening two new branches both located on Shell service station ...

Posted - 29 Oct, 2024

Pure Ice Cream to boost production with US$21.8M investment in Dubai Industrial City

UAE - In a move to scale production and expand its footprint UAE-based Pure Ice Cream has announced a deal to build an AED million ...

Posted - 30 Oct, 2024