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ALPLA expands into South Africa with US$63M recycling plant

SOUTH AFRICA – ALPLA, a global packaging and recycling leader, has inaugurated a new PET recycling plant in South Africa, advancing the nation’s plastic recycling

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New plant in Togo to boost red oil, palm kernel oil production

TOGO — Construction has begun on a semi-industrial plant in Tchékpo Dédékpoè, located in Yoto 2 municipality, 70 kilometers from Lomé, with the goal of

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Libstar shifts focus to food manufacturing

SOUTH AFRICA – South African FMCG manufacturer Libstar has announced a strategic pivot, exiting its non-food sectors to fully concentrate on producing affordable, value-added food

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Naivas records US$14.7M profit amid rising costs, competitive retail market

KENYA – Naivas, Kenya’s largest grocery retailer, reported a KSh 1.9 billion (US$13.4 million) profit after tax for the fiscal year ending June 2024, marking

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Promasidor appoints Festus Tettey as CEO for ECOWAS

WEST AFRICA – Promasidor Group has announced the appointment of Festus Tettey as its new Chief Executive Officer (CEO) for the ECOWAS region, excluding Nigeria,

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Coca-Cola invests US$50 million in new high-capacity bottling line in Namibia

NAMIBIA – Coca-Cola Beverages Africa (CCBA) has committed US$50 million towards a new bottling line in Namibia, a major upgrade that enhances production and boosts

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OmniRetail expands reach with launch of 50th OmniHub Franchise in Lagos

NIGERIA – OmniRetail, a Nigerian B2B grocery buying platform, has opened its 50th OmniHub franchise outlet in Ijora, Lagos.  This milestone marks a notable step

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Rwanda seeks US$785 million in agribusiness investment

RWANDA – Rwanda’s agricultural sector is opening up new investment opportunities worth US$785 million as part of the FAO’s Hand-in-Hand Initiative.  In a recent announcement,

Divestments, Investments & Funding

Pure Ice Cream to boost production with US$21.8M investment in Dubai Industrial City

UAE – In a move to scale production and expand its footprint, UAE-based Pure Ice Cream has announced a deal to build an AED80 million