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- April 4, 2025
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 in Kenafric Industries Ltd., East
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 Board (COCOBOD) by President John
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 for food entrepreneurs in sub-Saharan
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 Kenya’s efforts to revive its
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 traditional palm wine-based beverage, koundjadjo.
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 will transition to an
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 through a strategic partnership with
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 in January 2025, with its
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 Value Added Tax (VAT) in
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 harvests and heightened regional demand