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African News Latest News Market Trends & Industry Reports

Nigerian poultry farmers face financial strain as feed costs surge

NIGERIA – Nigerian poultry farmers are grappling with rising costs as the price of poultry feed continues to escalate, threatening the sustainability of their businesses. 

African News Latest News Mergers, Acquisitions & Partnerships

Rio Fish,  Koolboks partner to improve fish storage in Migori County

KENYA – Fish traders in Migori County are set to benefit from improved storage and preservation solutions through a new partnership between Rio Fish and

African News Latest News Trade, Imports & Exports

Kenya moves to address unsold tea stock as industry faces market challenges

KENYA – The Kenyan government and the Kenya Tea Development Agency (KTDA) have introduced a series of measures aimed at stabilizing tea prices and tackling

African News Latest News Market Trends & Industry Reports

Nigerian consumer goods market sees growth

NIGERIA – The consumer goods sector on the Nigerian Exchange has reached a total market capitalization of N11.1 billion (US$7.4 million) as of the latest

African News Divestments, Investments & Funding Latest News

Nampak sells Bevcan Nigeria to Alucan Investment for US$68.5M

NIGERIA – South African packaging giant Nampak has finalized the sale of its Nigerian subsidiary, Bevcan Nigeria, to Singapore-based Alucan Investment for US$68.5 million.  The

African News Divestments, Investments & Funding Latest News Mergers, Acquisitions & Partnerships

Nigeria partners Brazil to modernize livestock sector with US$2.5B investment

NIGERIA – The Nigerian government has entered into a partnership with Brazil to enhance the country’s livestock sector through advanced genetics, modern feeding techniques, and

African News Latest News

West Sugar begins revival of Mumias Distillery, Co-Gen plants

KENYA – West Sugar Company has embarked on reviving the distillery and co-generation plants at Mumias Sugar Company Limited in compliance with a directive issued

African News Divestments, Investments & Funding Latest News

Pret A Manger to open first South African store at Melrose Arch

SOUTH AFRICA – British multinational sandwich and coffee shop Pret A Manger is set to make its debut in South Africa, with its first outlet

African News Latest News Market Trends & Industry Reports

BUA Foods reports strong growth in 2024 

NIGERIA – BUA Foods Plc has posted impressive financial results for the 2024 fiscal year, with revenue more than doubling due to strong consumer demand

African News Latest News Regulatory & Policy

NAFDAC shuts down Aba Cemetery Market over counterfeit wine, beverage production

NIGERIA – The National Agency for Food and Drug Administration and Control (NAFDAC) has, for the second time, shut down the Aba Cemetery Market in