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African News Divestments, Investments & Funding Latest News

New milestone for Nigeria’s  poultry industry: Noiler Hatchery launched in Oyo State

NIGERIA – Nigeria’s poultry industry has reached a new milestone with the launch of a Noiler Hatchery in Awe, Oyo State.  The facility, operated by

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Nestlé expands KitKat portfolio with launch of new tablet bars in Europe, Canada, and South Africa

EUROPE – Nestlé has introduced its latest innovation in chocolate confectionery with the launch of KitKat Tablets in Europe, Canada, and South Africa.  The new

African News Divestments, Investments & Funding Latest News

Symrise expands presence in Egypt with new 30,000m² facility in Giza

EGYPT – German flavours and fragrances manufacturer Symrise has signed a contract for a 30,000m² land plot in Giza, Egypt to strengthen operations across Africa

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BENNI FOODS expands Uganda’s dairy sector with new processing factory in Kiruhura

UGANDA – BENNI FOODS, a Ugandan dairy manufacturer, has officially inaugurated its new processing facility in Kiruhura District, Western Uganda.  The factory, which has an

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Scientists develop gene-edited banana to slow browning, extend shelf life

UK – Scientists at Tropic, a UK plant biotech company , have developed a genetically modified banana that slows the browning process after being peeled

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Kenya’s coffee sector reforms set to boost farmers’ earnings in 2025

KENYA – Kenya’s Deputy President Kithure Kindiki has assured coffee farmers of increased earnings this year, citing key government interventions aimed at improving production and

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Bidco Africa broadens horizons with acquisition of Groupaco Holdings

KENYA – Bidco Africa Group has announced its acquisition of Groupaco Holdings Ltd (GHL), marking an entry into the breakfast cereals and snacks market.  The

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Nestlé Nigeria reports 75% revenue surge amid inflation, currency pressures

NIGERIA – Nestlé Nigeria Plc has recorded a 75% increase in revenue for the financial year ending December 31, 2024, reaching N958.81 billion (US$638.67M), compared

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Burkina Faso launches US$200M agricultural training program to boost food security

BURKINA FASO – Burkina Faso has initiated a large-scale agricultural training program aimed at equipping 8,000 young people with essential farming skills, as the country

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Thermo Fisher to acquire Solventum’s Purification & Filtration business for US$4.1B

USA – Thermo Fisher Scientific Inc. has announced a definitive agreement to acquire Solventum’s Purification & Filtration business for approximately US$4.1 billion in cash.  The