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Beverages – African & Middle East News
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Ngouchet Group secures US$2.14M IFC loan to boost dairy, juice production in Cameroon
The IFC’s investment will help First African Company expand production, enhance food security, and strengthen Cameroon’s local agribusiness sector.
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Diageo divests majority stake in Seychelles Breweries for US$80M
Diageo continues with its asset-light strategy as it exits Seychelles Breweries with an US$80 million stake sale to Phoenix Beverages.
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African Originals seeks to raise US$2M to expand cider production amid rising demand
The funding will enable African Originals to scale production and strengthen its market position as demand for ciders surges among Kenya’s younger consumers.
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Ethiopia’s Kegna Beverages begins brewing operations at new brewery
The brewery’s launch marks a major milestone for Ethiopia’s beverage industry, boosting employment and economic growth in the region.
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Agthia Group acquires UAE’s Riviere to strengthen bottled water market leadership
The acquisition of Riviere triples Agthia’s household customer base, expands its market share, and enhances operational efficiency in the UAE.