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M&As, Funding & Investments
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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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Celsius completes US$1.8B acquisition of Alani Nu
Celsius strengthens its position in the energy drink market with the acquisition of Alani Nu, targeting health-conscious consumers and global expansion.
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Atlas Copco Group acquires portable pump distributor Heide Pumpen
The acquisition underscores Atlas Copco’s commitment to strengthen their position in Europe.
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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.