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- January 23, 2025
Divestments, Investments & Funding
Anheuser-Busch strengthens commitment to Houston Brewery with US$14M
USA – Anheuser-Busch, the brewer behind household names such as Budweiser, Busch Light, and Michelob ULTRA, has announced a US$14 million investment in its Houston
OPEC Fund invests US$40M in sustainable agriculture for Africa
AFRICA – The OPEC Fund for International Development (OPEC Fund) has announced a US$40 million loan as part of a US$394 million sustainability-linked financing package
Giplait expands milk production capacity with new Bouïra facility
ALGERIA – State-owned Algerian dairy company Giplait has inaugurated a new milk processing facility in Bouïra, a step in Algeria’s efforts to reduce dependency on
PRIME Hydration makes West African debut in Ghana, Nigeria
GHANA/NIGERIA – PRIME Hydration, the globally recognized beverage brand co-founded by influencers Logan Paul and Olajide “KSI” Olatunji, has officially entered the West African market
Kenyan Government intervenes in tea sector with new task force
KENYA – The Kenyan government has formed a special 15-member task force to address the critical issue of unsold tea stock at the Mombasa auction,
Imperium Holding secures US$26.3M to lead sustainable tea packaging
MOROCCO – Imperium Holding, a global leader in luxury tea production and packaging, has secured a joint investment of €25 million (US$26.3M) from Proparco, the
Bird Flu Watch: New initiative to fight avian influenza in Nigeria
NIGERIA – A new digital initiative, Bird Flu Watch, is under development by a team of researchers and entrepreneurs from Nigeria and Wales. The platform,
Unilever Kenya expands spice range with new Royco Chilli Cube
KENYA – Unilever Kenya has debuted the Royco Chilli Cube, targeting the rising consumer demand for chili-infused seasonings in the Kenyan market. The product, designed
Foodpreneurs Hub expands with new media platform for food innovators
AFRICA – In an exciting expansion, Foodpreneurs Hub has launched a media arm designed to empower and connect food entrepreneurs and innovators with valuable industry
Uganda’s coffee sector in turmoil as UCDA faces dissolution
UGANDA – Uganda’s coffee industry is at a turning point as the government moves to dissolve the Uganda Coffee Development Authority (UCDA), sparking heated debates