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African News Divestments, Investments & Funding Latest News

Nigerian SMEs to access grant opportunities through NASSI, Seven-Up Partnership

NIGERIA – Small and medium-sized enterprises (SMEs) across Nigeria are set to benefit from a newly announced funding initiative by the Nigerian Association of Small-Scale

African News Latest News Retail

Carrefour launches 29th store in Kenya with first 24-hour supermarket in Mombasa CBD

KENYA – Carrefour, operated in Kenya by Majid Al Futtaim Retail, has opened its 29th outlet in the country at Sea Angel Mall, located along

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Starbucks Frappuccino ready-to-drink range returns to South African shelves

SOUTH AFRICA – Starbucks’ Ready-to-Drink (RTD) Frappuccino range has officially returned to the South African market.  The relaunch, led by Arla Foods, the official licensed

African News Divestments, Investments & Funding Latest News

Mamuda Group to invest US$50M in Ogun State as legal battle with Rite Foods resurfaces

NIGERIA — Nigerian fast-moving consumer goods (FMCG) manufacturer Mamuda Group is set to invest US$50 million in Ogun State through a phased development strategy, beginning

African News Divestments, Investments & Funding Latest News

Tiger Brands sells Langeberg and Ashton Foods, paving way for new ownership, community upliftment

SOUTH AFRICA – After five years of strategic deliberation, Tiger Brands has announced the sale of its deciduous fruit business, Langeberg and Ashton Foods, to

African News Divestments, Investments & Funding Latest News

Daybreak Foods enters business rescue as  financial woes mount

SOUTH AFRICA  – South African poultry producer Daybreak Foods has officially entered business rescue after years of operational turmoil, financial mismanagement, and leadership instability.  The

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Maersk appoints Tito Okuku as Managing Director for Eastern Africa 

EASTERN AFRICA – Maersk has named Tito Okuku as its new Managing Director for Eastern Africa, effective May 5, 2025.  The appointment comes as the

African News Latest News New Products

Serengeti Breweries Limited expands portfolio with 3% ABV product at Dar es Salaam launch event

TANZANIA – Serengeti Breweries Limited (SBL), a subsidiary of East African Breweries PLC, has officially introduced WhiteCap Crisp, a premium low-alcohol lager, into the Tanzanian

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Nigerian Breweries names Thibaut Boidin as new CEO 

NIGERIA – Nigerian Breweries Plc has announced the appointment of Mr. Thibaut François Baptiste Boidin as its incoming Chief Executive Officer, effective July 1, 2025. 

African News Latest News Regulatory & Policy Uncategorized

Kenya halts Rainforest Alliance certification for tea factories over high costs, limited farmer benefits 

KENYA – The Government of Kenya has suspended all Rainforest Alliance certification and audit processes for tea factories across the country, citing concerns over high