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- October 10, 2025
Premier Group reports strong profit growth, allocates US$60.91 million for strategic acquisitions
SOUTH AFRICA – Premier Group, a prominent South African food producer has announced a 32.4% increase in its interim profit for the six months ending
Afreximbank approves US$200M financing for BUA Industries’ expansion in Nigeria
NIGERIA – The African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility for BUA Industries Limited (BIL), a prominent Nigerian conglomerate with
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
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
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
Serengeti Breweries crowned ‘Manufacturer of the Year’
TANZANIA — Serengeti Breweries Limited (SBL) has been awarded the top honor as Tanzania’s leading alcoholic beverage manufacturer at the President’s Manufacturer of the Year
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
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,
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
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