Divestments, Investments & Funding

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

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…

3 weeks ago
Kerry Group opens taste manufacturing facility in Rwanda Kerry Group opens taste manufacturing facility in Rwanda 

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…

3 weeks ago
Diageo sells Seychelles Breweries stake to Phoenix Beverages for US$80MDiageo sells Seychelles Breweries stake to Phoenix Beverages for US$80M

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…

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

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,…

3 weeks ago
Zetech University trains over 50 poultry farmers in Kiambu CountyZetech University trains over 50 poultry farmers in Kiambu County

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…

3 weeks ago
Stauning Whisky scales back U.S. operations after Diageo exits Distill VenturesStauning Whisky scales back U.S. operations after Diageo exits Distill Ventures

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…

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

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…

4 weeks ago
Premier Foods Limited recognized as Kenya’s Most Preferred Food Manufacturing CompanyPremier Foods Limited recognized as Kenya’s Most Preferred Food Manufacturing Company

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…

4 weeks ago
Fresh Del Monte enters avocado oil market with Avolio acquisitionFresh Del Monte enters avocado oil market with Avolio acquisition

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…

1 month ago
African Coffee Roasters launches Kenya’s first certified organic coffeeAfrican Coffee Roasters launches Kenya’s first certified organic coffee

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…

1 month ago