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African News Divestments, Investments & Funding Latest News

Kerry Group opens taste manufacturing facility in Rwanda 

RWANDA – Irish ingredients giant Kerry Group has inaugurated its first taste manufacturing facility in Rwanda, a move in expanding its presence across East Africa. 

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Three Nigerian startups secure US$628,000 to advance circularity under TRANSFORM West Africa Initiative

NIGERIA – Three Nigerian enterprises have secured grant funding under the TRANSFORM West Africa programme—an impact accelerator backed by Unilever, the UK Foreign, Commonwealth &

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FAO launches US$200M land restoration initiative for cocoa, oil palm cultivation in Nigeria

NIGERIA – The Food and Agriculture Organization (FAO) has announced plans to restore 18,000 hectares of degraded land in Cross River and Ondo states, targeting

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West Africa secures US$11.78M grant to boost rice production, reduce import dependency

WEST AFRICA – The African Development Bank (AfDB) and the Economic Community of West African States (ECOWAS) Commission have formalized a funding agreement aimed at

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Opportunik Global Fund launches US$1M Private Credit initiative at Nigeria Food Summit 2025

NIGERIA – Opportunik Global Fund has introduced a US$1 million Private Credit Fund aimed at supporting chefs and food entrepreneurs in scaling their businesses. Launched

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AfDB unveils US$500M facility to unlock US$10B for African agriculture

AFRICA – The African Development Bank (AfDB) has announced a US$500 million facility designed to unlock US$10 billion in financing for smallholder farmers and agribusinesses

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Kenya Breweries Limited invests in Upper Tana Water conservation to bolster Nairobi’s water security

KENYA – Kenya Breweries Limited (KBL) has committed KES 54 million (US$413,000) to a water conservation initiative in collaboration with the Upper Tana-Nairobi Water Fund

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Senegal expands cold storage infrastructure to tackle post-harvest losses

SENEGAL – Senegal has taken a step toward strengthening its agricultural supply chain with the inauguration of a 15,000-tonne cold storage facility by SWAMI AGRI,

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Ethiopia invests US$2M in strawberry, saffron farming

ETHIOPIA – Ethiopia’s agricultural sector is set for expansion as African Farming Industries commits US$2 million to cultivating strawberries and saffron within the Bole-Lemi Industrial

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ANSAF allocates US$350,000 to boost cashew processing in Tanzania

TANZANIA – The Agricultural Non-State Actors Forum (ANSAF) has allocated US$350,000 (TSh 923.45M) to support 1,000 smallholder farmers engaged in the cashew value chain across