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African News Divestments, Investments & Funding Latest News

Njunu Tea Factory invests US$2.32M in specialty tea production

KENYA – Njunu Tea Factory in Gatanga sub-county has launched the construction of a new KES 300 million (US$2.32M) facility to diversify into specialty tea

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International Livestock Research Institute launches 2024–2030 strategy

KENYA – The International Livestock Research Institute (ILRI), renowned for its pioneering research and commitment to improving food security and reducing poverty, is celebrating 50

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Foodpreneurs Hub supports African food startups with new funding program

AFRICA – Foodpreneurs Hub recently launched its flagship Food Business Funding Program, designed to bridge the gap between food science and business while equipping entrepreneurs

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IBPLC’s Retailer Development Programme trains 1,000 retailers in 2024

NIGERIA – International Breweries Plc (IBPLC) continues to strengthen its commitment to entrepreneurship and economic growth through its 2024 Retailer Development Programme (RDP).  Designed to

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Planet Bottling Company unveils new beverage lineup made in Nigeria

NIGERIA – Planet Bottling Company, in collaboration with Monarch Beverages, has announced the launch of a diverse portfolio of beverage brands produced entirely in Nigeria. 

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Farmer’s Choice appoints Felisters Gitau Mutugu as new CEO

KENYA – Farmer’s Choice Limited has announced a pivotal leadership change, appointing Ms. Felisters Gitau Mutugu as its new Chief Executive Officer.  This transition follows

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JBS signs US$2.5B deal with Nigeria to boost food production

BRAZIL – Brazilian meatpacking giant JBS has signed a memorandum of understanding with Nigeria’s government to launch a US$2.5 billion investment initiative aimed at bolstering

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PepsiCo expands Isando Factory with new potato chip production line

SOUTH AFRICA – PepsiCo South Africa has unveiled a new state-of-the-art potato chip production line at its Isando facility in Johannesburg, following an investment of

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OPEC Fund invests US$40M in sustainable agriculture for Africa

AFRICA – The OPEC Fund for International Development (OPEC Fund) has announced a US$40 million loan as part of a US$394 million sustainability-linked financing package

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Giplait expands milk production capacity with new Bouïra facility

ALGERIA – State-owned Algerian dairy company Giplait has inaugurated a new milk processing facility in Bouïra, a step in Algeria’s efforts to reduce dependency on