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African News Divestments, Investments & Funding Latest News

Nigerian SMEs to access grant opportunities through NASSI, Seven-Up Partnership

NIGERIA – Small and medium-sized enterprises (SMEs) across Nigeria are set to benefit from a newly announced funding initiative by the Nigerian Association of Small-Scale

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Mamuda Group to invest US$50M in Ogun State as legal battle with Rite Foods resurfaces

NIGERIA — Nigerian fast-moving consumer goods (FMCG) manufacturer Mamuda Group is set to invest US$50 million in Ogun State through a phased development strategy, beginning

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Nigerian Breweries names Thibaut Boidin as new CEO 

NIGERIA – Nigerian Breweries Plc has announced the appointment of Mr. Thibaut François Baptiste Boidin as its incoming Chief Executive Officer, effective July 1, 2025. 

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Nigeria launches ‘Green Money Project’ to boost agricultural productivity

NIGERIA — The Federal Government has launched the Green Money Project, a youth-centred agricultural programme aimed at improving food security, creating employment, and introducing digital

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Guala Closures opens new facility in Nigeria to supply anti-counterfeiting closures across West Africa

NIGERIA – Guala Closures, a global manufacturer of closures for spirits, wines, non-alcoholic beverages, beer, edible oil, and condiments, has inaugurated its new greenfield manufacturing

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Nigeria’s coffee, tea sector gains boost through new RMRDC–NACOFTAN partnership

NIGERIA – The Raw Materials Research and Development Council (RMRDC) and the National Coffee and Tea Association of Nigeria (NACOFTAN) have formalized a collaborative framework

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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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TECO Group debuts dual-purpose screw press, digester for palm oil processing at Agrofood & Plastprintpack Nigeria

NIGERIA – TECO Group has introduced a new dual-purpose screw press and digester designed to enhance palm oil processing efficiency for small-scale farmers.  The machine,

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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