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African News Divestments, Investments & Funding Latest News

Njunu Tea Factory invests US$2.32M in specialty tea production

KENYA – Njunu Tea Factory in Gatanga sub-county has launched the construction of a new KES 300 million (US$2.32M) facility to diversify into specialty tea

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Heineken to build Dubai’s first major commercial brewery by 2027

UAE – Heineken, in collaboration with Maritime Mercantile International (MMI), has announced plans to construct Dubai’s first major commercial brewery, signaling a shift in the

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JBS signs US$2.5B deal with Nigeria to boost food production

BRAZIL – Brazilian meatpacking giant JBS has signed a memorandum of understanding with Nigeria’s government to launch a US$2.5 billion investment initiative aimed at bolstering

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PepsiCo expands Isando Factory with new potato chip production line

SOUTH AFRICA – PepsiCo South Africa has unveiled a new state-of-the-art potato chip production line at its Isando facility in Johannesburg, following an investment of

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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

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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

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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

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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

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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

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New National Coffee Mother Garden launched in Liberia for sustainable growth

LIBERIA – The International Trade Centre (ITC), in collaboration with the Central Agriculture Research Institute (CARI), has launched Liberia’s first National Coffee Mother Garden, a