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African News Divestments, Investments & Funding Latest News

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

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Symega expands presence in North India with new seasoning facility in Sonipat

INDIA – Symega Food Ingredients Ltd., one of India’s largest seasoning manufacturers, has opened a new manufacturing facility in Sonipat, Haryana.  Situated in the Rai

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Cargill expands presence in India with new corn milling plant to meet rising demand

INDIA – Cargill has strengthened its foothold in India’s food ingredient sector with the inauguration of a new corn milling plant in Gwalior, Madhya Pradesh. 

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Heineken, Soufflet Malt forge South African supply partnership with US$108M investment

SOUTH AFRICA – French agro-industrial group Soufflet Malt, a subsidiary of InVivo Group, has announced plans to invest €100 million (US$108.8M) in a new malting

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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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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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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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EU expands investment in Uganda’s coffee sector with US$654,000 processing facility

UGANDA – The European Union (EU) has intensified its investment in Uganda’s coffee sector with the commissioning of a new processing facility in Mityana district. 

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AfDB, Standard Bank collaborate to enhance SMME financing and boost African trade

AFRICA – In a move to bolster small, medium, and micro enterprises (SMMEs) and enhance trade across Africa, the African Development Bank Group (AfDB) and