Divestments, Investments & Funding

Kenya bans tea hawking in sweeping industry crackdown to curb quality decline

KENYA - The Government of Kenya has intensified regulatory oversight over the tea sector by banning the hawking and roadside…

4 days ago

Kerry Group opens taste manufacturing facility in Rwanda

RWANDA - Irish ingredients giant Kerry Group has inaugurated its first taste manufacturing facility in Rwanda, a move in expanding…

6 days ago

Diageo sells Seychelles Breweries stake to Phoenix Beverages for US$80M

SEYCHELLES - Diageo has agreed to sell its 54.4% majority stake in Seychelles Breweries Limited (Seybrew) to Phoenix Beverages, a…

6 days ago

Three Nigerian startups secure US$628,000 to advance circularity under TRANSFORM West Africa Initiative

NIGERIA - Three Nigerian enterprises have secured grant funding under the TRANSFORM West Africa programme—an impact accelerator backed by Unilever,…

7 days ago

Zetech University trains over 50 poultry farmers in Kiambu County

KENYA - More than 50 small and medium-scale poultry farmers from Kiambu County have completed a four-week intensive training programme…

7 days ago

Stauning Whisky scales back U.S. operations after Diageo exits Distill Ventures

USA - Denmark’s largest whisky distillery, Stauning, has announced the layoff of approximately 25% of its global workforce, equivalent to…

7 days ago

FAO launches US$200M land restoration initiative for cocoa, oil palm cultivation in Nigeria

NIGERIA - The Food and Agriculture Organization (FAO) has announced plans to restore 18,000 hectares of degraded land in Cross…

2 weeks ago

Premier Foods Limited recognized as Kenya’s Most Preferred Food Manufacturing Company

KENYA - Premier Foods Limited (PFL), the manufacturer behind the renowned Peptang, PEP, and Orchid Valley brands, has been named…

2 weeks ago

Fresh Del Monte enters avocado oil market with Avolio acquisition

UGANDA - Fresh Del Monte Produce Inc. has acquired a majority stake in Avolio, a Uganda-based supplier of bulk crude…

2 weeks ago

African Coffee Roasters launches Kenya’s first certified organic coffee

KENYA - Kenya’s coffee industry has reached a major milestone with the launch of its first certified organic coffee under…

2 weeks ago