LATEST NEWS
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Tyson Foods invests US$355m in new bacon facility to meet soaring demand for proteins
USA — American multinational meat processing corporation, Tyson Foods has announced plans to invest US$355 million to open a 400,000-square-foot manufacturing facility in Bowling Green,…
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Shoprite, Naivas supermarkets continue cementing leadership position in home markets
SOUTH AFRICA – Africa’s largest retailer, Shoprite, has created over 200 jobs in its home market – South Africa with the opening of two new…
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USAID, Absa Bank Mozambique partner to increase financing in agriculture sector
MOZAMBIQUE – The U.S. Government, through the United States Agency for International Development (USAID), has signed a 10-year agreement with Absa Bank Mozambique to increase…
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Consumables dominate Jumia’s sales as COVID-19 changes buyer’s habits
AFRICA – The COVID-19 pandemic has accelerated digital innovations in Africa, with consumers now heightening the use of e-commerce platforms for purchase of essential products.…
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AfDB issues US$10m equity investment to ARCH Cold Chain Solutions East Africa Fund to curb food waste
EAST AFRICA – ARCH Cold Chain Solutions East Africa Fund (CCSEAF) has received a US$10 million equity investment from the African Development Bank, to support…