African News

Kenafric Industries: Private equity firms eye US$100M stake sale

KENYA - Private equity firms Amethis Finance and Metier Private Equity Ltd. are reportedly seeking buyers for their 40% stake…

2 months ago

Ghana Cocoa Board appoints Ransford Anertey Abbey acting CEO

GHANA - Dr. Ransford Anertey Abbey has been appointed as the Acting Chief Executive Officer (CEO) of the Ghana Cocoa…

2 months ago

Cohort 2 of Food Business Funding Program kicks off

AFRICA - Foodpreneurs Hub proudly announces the start of Cohort 2 of its Food Business Funding Program, a transformative initiative…

2 months ago

Kenya’s sugar sector shows promise as Mumias Sugar disburses US$1.16M bonus to cane farmers

KENYA - Mumias Sugar Company has issued a Ksh 150 million (US$1.16M) bonus to sugarcane farmers, marking a milestone in…

2 months ago

Brassivoire launches Kunja RTD cocktail in Côte d’Ivoire

CÔTE D’IVOIRE - Heineken’s subsidiary Brassivoire has unveiled its latest product, Kunja, a ready-to-drink (RTD) cocktail inspired by Côte d’Ivoire’s…

2 months ago

Lactalis to close Zambia factory, transitioning to import model

ZAMBIA - French dairy giant Lactalis has announced the closure of its factory in Zambia, effective 31 March 2025. The company…

2 months ago

Edita Food Industries expands regional presence with stake in Iraq’s Tuama Jebur Abbas

IRAQ - Edita Food Industries, one of Egypt’s leading packaged snack manufacturers, has announced its entry into the Iraqi market…

2 months ago

Honeywell Flour Mills shares surge by 32% in January

NIGERIA - Honeywell Flour Mills Plc has emerged as the best-performing consumer goods stock on the Nigerian Exchange so far…

3 months ago

Cameroon exempts local flours from VAT in push to curb wheat imports

CAMEROON - Effective January 1, 2025, flours made from locally sourced corn, yam, cassava, and plantain are now exempt from…

3 months ago

South Africa resumes white maize imports

SOUTH AFRICA - South Africa has resumed importing white maize for the first time since March 2017, as poor local…

3 months ago