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- January 23, 2025
Divestments, Investments & Funding
Ghana to rebrand Agriculture Ministry to focus on agribusiness, value addition
GHANA – Ghana’s incoming government has announced plans to rename the Ministry of Food and Agriculture to the Ministry of Food and Agribusiness. The rebranding,
Alice Ruhweza appointed President of AGRA
AFRICA – The Alliance for a Green Revolution in Africa (AGRA) has announced the appointment of Alice Ruhweza as its new President, effective March 1,
Simbisa Brands targets expansion with US$17.8M investment
ZIMBABWE – Simbisa Brands, a subsidiary of Innscor Africa Limited, is pressing ahead with its expansion strategy, with plans to open 31 additional stores before
Varun Beverages to bolster South African subsidiary with US$48.2M investment
SOUTH AFRICA – Varun Beverages Limited (VBL), the bottling partner for PepsiCo in several global markets, has announced a US$48.2 million investment in its South
Kenya’s macadamia sector in turmoil as regulator defies court order on export certification
KENYA – The macadamia industry in Kenya is facing growing unrest following the refusal of the Agriculture and Food Authority (AFA) to issue vital certifications
Juhayna Food Industries merges subsidiaries amid continued growth
EGYPT – Egypt’s leading dairy, juice, and food producer, Juhayna Food Industries, has announced the consolidation of four of its subsidiaries: Egyptian Food Industries Company,
Bakhresa Food Products to double fruit processing capacity in major expansion drive
TANZANIA – Bakhresa Food Products (BFP), a subsidiary of the Bakhresa Group, has announced plans to increase its fruit processing capacity, aiming to double annual
Burkina Faso boosts local tomato processing with new factories
BURKINA FASO – Burkina Faso has taken notable steps to enhance its tomato processing capabilities with the launch of two new factories in Yako and
Sooyah Bistro opens 12th outlet in Lagos
NIGERIA – Nigerian fast-casual chain Sooyah Bistro has launched its 12th outlet, situated in Yaba, Lagos. This milestone marks another chapter in the growth of
AfDB secures US$2.2B for Agro-Industrial Zones in Nigeria to boost agriculture, food security
NIGERIA – The African Development Bank (AfDB) has unleashed plans to release US$2.2 billion in funding for the development of Special Agro-Industrial Processing Zones (SAPZ)